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…
The Nigeria Customs Service, in conjunction with the International Monetary Fund (IMF), convened with maritime stakeholders to pinpoint obstacles affecting cargo clearance and propose sustainable solutions for a seamless and efficient delivery of services. The meeting presided over by Comptroller Suleiman Chiroma at Apapa Area Command on Friday, 1 December, 2023, aimed to address challenges…
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…
