Barbara Bako, Abuja. The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has concluded his participation in the high-level Bretton Woods at 80 Forum, where he represented Africa’s interests on the global financial stage. The forum, organised by the International Monetary Fund (IMF) and World Bank Group (WBG), brought together a select group…
The International Monetary Fund (IMF) has advised the Federal Government to reconsider the proposed amendment to the Central Bank of Nigeria (CBN) Act, advocating instead for measures to strengthen the central bank. The position of the Fund was contained in the Article IV Staff Consultation Report of the Board of Governors of the global organization,…
Nigeria’s economy, which ranked as Africa’s largest in 2022, is set to slip to fourth place this year after a series of currency devaluations, International Monetary Fund forecasts show. The IMF’s World Economic Outlook as reported by Bloomberg, estimated the country’s gross domestic product at $253 billion based on current prices this year, behind North…
Inflation will continue to rise irrespective of weak global economic growth, the International Monetary Fund, IMF, said at the ongoing annual meeting in Marrakesh, Morocco. IMF has earlier reviewed global GDP of 2.9% for 2024 down from 3.5% in 2022 and 3% this year. According to a Financial Times report, while a spate of rate…
IMF says Tinubu’s loose policy can’t support Naira
The International Monetary Fund, IMF, said efforts such as the African Continental Free Trade Area, AfCFTA, would bridge trade barriers and lift more than 50 million people out of poverty in Africa. The IMF, in its report, ‘Trade Integration in Africa: Unleashing the continent’s potential in a changing world,’ noted that the trade barrier removal…
