In defiance of mounting global and local concern over Nigeria’s spiraling debt crisis, the Federal Government has ramped up its domestic borrowing to a staggering […]
Tag: IMF
Nigeria Cleared of IMF Debt, Joins Elite List of Countries Free from Financial Obligations
In a remarkable achievement, Nigeria has officially been removed from the International Monetary Fund’s (IMF) list of debtor countries after clearing a $1.6 billion debt […]
AGAIN, THE CBN UNDER IMF JACK BOOTS: DEVALUE THE NAIRA, RAISE INTEREST RATES
A devaluation is the downward adjustment of the value of a country’s money relative to another official exchange rate. It reduces the cost of a […]
IMF Urges Nigeria to Prioritize Social Safety Nets Amid Downstream Oil Crisis
As Nigeria grapples with rising fuel prices and supply challenges in the downstream oil sector, the International Monetary Fund (IMF) has called on the Federal […]
IMF Recommends CBN to License Cryptocurrency Dealers
The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to issue operating licenses or register cryptocurrency dealers. This recommendation is part […]