IMF News – Page 5 of 8 – Prime Business Africa

Breaking: CBN Raises Interest Rate To 18.75%

CBN Defends Anchor Borrowers’ Programme After IMF Criticism

The Central Bank of Nigeria (CBN) on Monday, 7 March 2023, countered the statement of the International Monetary Fund (IMF) over the Anchor Borrowers’ Programme (ABP). IMF had stated that the Anchor

Fakoyejo Olalekan

2 years ago

Breaking: CBN Tell Banks To Increase Interest Rate On Loan, Set MPR At 18.5%

Business

IMF Warns CBN, Others Against Financing Government’s Excessive Debt

The central banks have been warned by the International Monetary Fund (IMF) against constantly bailing out governments in their quest to borrow funds outside the bond market. Recall that the N23.7 trillion

Fakoyejo Olalekan

2 years ago

IMF Asks Nigeria, Others To Charge VAT, Capital Gains Tax On Crypto Assets

Business

Crypto Assets Have Been More Of Disappointment, IMF Says

The International Monetary Fund (IMF) has described cryptocurrencies as a disappointment, as they failed to meet the expectation of their users. In an IMF report authored by Tobias Adrian and Tommaso Mancini-Griffoli,

Fakoyejo Olalekan

2 years ago

Fuel, Bread, Others Push Nigeria's Inflation Rate To 22.41%, NBS CPI Report Shows

Business

NBS: IMF Tackles Nigeria’s ‘Outdated’ Inflation Rate Data

The monthly consumer price index (CPI) of the National Bureau of Statistics (NBS) has come under criticism from the International Monetary Fund (IMF). In a report titled; Nigeria: 2022 Article IV Consultation’,

Fakoyejo Olalekan

2 years ago

Business

UPDATED: IMF, World Bank Warn CBN On Naira Transition Timeframe

The International Monetary Fund (IMF) and the World Bank have cautioned the Central Bank of Nigeria (CBN) over its handling of the transition from the old Naira to new banknotes. Nigeria’s financial

Fakoyejo Olalekan

2 years ago

Naira Depreciates To N1,542 Per Dollar At Official Market

Business·Currency·Insights

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

In the first half of 2022, the Central Bank of Nigeria (CBN) sold $9.4 billion to the foreign exchange market to control dollar rate, despite international creditors advising against such intervention. Why

Fakoyejo Olalekan

2 years ago

Creditors Ignore Nigerian Gov’t’s Loan Request After Buhari Seek Debt Cancellation

Business

Nigeria’s Economic Growth Projection Drops 0.2%, As IMF Downgrades Country

The International Monetary Fund (IMF) has downgraded the economic growth projection of Nigeria, as it advises the government to be consistent with clear policies. IMF downgraded the growth projection for Africa’s largest

Fakoyejo Olalekan

2 years ago

Africa·Latest News·World News

60% Of Low-Income Countries At High Risk Of Debt Distress – IMF Declares

The International Monetary Fund’s First Deputy Managing Director, Gita Gopinath has announced that about 60% of low-income countries are at high risk of or already in debt distress, and about 20 emerging

Queen Nwabueze

2 years ago

Business

IMF Warns Cryptocurrency Risk Might Affect Stock Market Investors

International Monetary Fund (IMF) said retail and institutional investors in the equity markets are at risk as cryptocurrency volatility is spilling over into the stock exchange, and it has started in Asia.

Fakoyejo Olalekan

2 years ago

Business·Finance & Economy·Latest News

IMF Doles Out $235.6 Million Budget-Support Loan For Kenya

The Executive Board of the International Monetary Fund (IMF) has approved a $235.6 million loan disbursement to Kenya. It is understood that the loan is the third installment for Kenya under

Queen Nwabueze

2 years ago

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IMF News - Page 5

CBN Defends Anchor Borrowers’ Programme After IMF Criticism

IMF Warns CBN, Others Against Financing Government’s Excessive Debt

Crypto Assets Have Been More Of Disappointment, IMF Says

NBS: IMF Tackles Nigeria’s ‘Outdated’ Inflation Rate Data

UPDATED: IMF, World Bank Warn CBN On Naira Transition Timeframe

CBN Sells $9.4 billion Forex In 6 Months To Control Dollar Rate

Nigeria’s Economic Growth Projection Drops 0.2%, As IMF Downgrades Country

60% Of Low-Income Countries At High Risk Of Debt Distress – IMF Declares

IMF Warns Cryptocurrency Risk Might Affect Stock Market Investors

IMF Doles Out $235.6 Million Budget-Support Loan For Kenya

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