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Farooq

Posts Tagged "imf"

HomePosts Tagged "imf"
  • IMF

Christine Lagarde, managing director of the International Monetary Fund, says the economy of some West African nations, including Nigeria, is not growing at the same rate as its population. She made this statement on Thursday while addressing the press at the ongoing International Monetary Fund annual meetings holding in Washington. “Sub Saharan Africa (which Nigeria […]

  • IMF

By Chijioke Ohuocha LAGOS, Aug 3 (Reuters) – Nigeria and the International Monetary Fund disagree over how much the economy will grow this year, with the government saying 2.2 percent and the Fund opting for just 0.8 percent. Either would be an improvement on last year, however, when Nigeria suffered its first recession in more […]

  • IMF

The International Monetary Fund (IMF) yesterday upgraded the economic growth forecast for Nigeria from 0.7% to a jaw dropping 1.9%. The IMF change their forecast’s for most economies as often as most of us change our underwear, to point that constant changes has lead to a loss of credibility in the last few years. The […]

  • IMF

The International Monetary Fund (IMF) has enjoined the Central Bank of Nigeria (CBN) to implement a flexible foreign exchange regime by focusing on macro-economic stability to set the stage for a robust growth. Its Director for African Department, Mr. Abebe Aemro Selassie, gave the charge yesterday while officially unveiling the sub-region’s growth forecast for 2017 […]

  • IMF

The International Monetary Fund (IMF) on Tuesday released its World Economic Outlook (WEO) and advised Nigeria to adopt flexible foreign exchange regime to restore values of revenues and the naira. Speaking at a media briefing to unveil the WEO, at the ongoing IMF/World Bank Spring Meetings in Washington D.C, IMF’s Chief of the World Economic […]

  • IMF

A significant increase in Nigeria’s crude oil production is expected to push economic recovery upward by 0.8 per cent this year, according to the International Monetary Fund (IMF) 2017 Article IV Consultation with Nigeria. IMF in the report released yesterday, noted that with oil receipts dominating fiscal revenue and exports, the Nigerian economy was hit […]

  • IMF

The International Monetary Fund (IMF) is favourably disposed to the position of Bismarck Rewane, CEO of Financial Derivatives, that the naira be allowed to depreciate below 305/$1. Rewane had suggested that the Central Bank of Nigeria (CBN) allows the naira to depreciate from 305 to 340/350 per dollar, in order to engage an effective exchange […]

LAGOS, April 5 (Reuters) – Nigeria’s naira is over-valued by around 10 to 20 percent, the International Monetary Fund’s (IMF’s) country head said on Wednesday, when the organisation released a critical report on government efforts to boost growth in Africa’s largest economy. “We do find there to be some over-valuation at this point of the […]

  • IMF

* Nigeria in first recession in 25 years * Naira overvalued by 10-20 pct -IMF * Nigeria authorities concerned about IMF view -IMF (Adds IMF naira overvaluation, govt revenue comments) ABUJA, April 5 (Reuters) – The International Monetary Fund (IMF) warned Nigeria its economy needs urgent reform in a report published on Wednesday that highlighted […]

  • IMF

* Nigeria in first recession in quarter of century * IMF says Nigeria economy expected to grow 0.8 pct this year * IMF review precedes talks on loans of at least $1.4 bln (Adds quotes, details, background) By Alexis Akwagyiram and Chijioke Ohuocha ABUJA, March 30 (Reuters) – The International Monetary Fund urged Nigeria on […]