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Farooq

Posts Tagged "international monetary fund"

HomePosts Tagged "international monetary fund"
  • 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

The International Monetary Fund (IMF) says the growth being experienced will be at risk if Nigeria and other countries do not put borrowed funds to good use. The institution said this on Wednesday while unveiling the Global Financial Stability report at its headquarters in Washington. “External borrowing in emerging markets and low-income countries have increased,” […]

  • IMF

Obinna Chima The International Monetary Fund (IMF) has estimated that the annual cost of bribery — just one sub-set of corruption — to be between $1.5 and $2trillion. This, the Fund estimated to be about two per cent of global Gross Domestic Product (GDP). It argued that the costs represent the tip of the iceberg, […]

  • 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 […]

  • 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 […]