The International Monetary Fund, IMF, says Nigeria’s inflation will drop to 23 per cent in 2025 from 33.2 per cent in March 2024. The Washington-based bank disclosed this on Tuesday during its Global Economic Outlook at the International Monetary Fund/World Bank Spring Meetings. Division Chief of the IMF Research Department, Daniel Leigh, said the impact […]
G-24 calls for increased financing for developing nations battling inflation, high debts
Nigeria’s economic growth forecast at 3.3% in 2024 – IMF
The International Monetary Fund has adjusted Nigeria’s economic growth forecast to 3.3 per cent in 2024. The revised forecast for April was disclosed on Tuesday in IMF’s World Economic Outlook. The updated forecast marks an increase of 0.3 percentage points from the previous 3.0 per cent growth prediction published in the IMF’s January 2024 World […]
Global economic growth to steady at 3.2% in 2024 – IMF
In its latest World Economic Outlook projection, the Fund now forecasts a 3.2 percent global expansion for this year, slightly higher than the 3.1 percent projected in January and in line with the pace of growth seen in 2023 The post Global economic growth to steady at 3.2% in 2024 – IMF appeared first on […]
N111.24bn debt: ‘Ebonyi did not borrow from World Bank, IMF’ – Gov Nwifuru
The Ebonyi State Government has debunked the report that it was among the states that borrowed N111.24 billion from domestic and foreign financiers in its first six months in office. The Ebonyi State Commissioner for Finance, Dr. Leonard Uguru, affirmed that Governor Francis Nwifuru has not borrowed from either internal or foreign creditors since he […]
Electricity subsidy, tax breaks detrimental to productivity – IMF
The International Monetary Fund has said electricity subsidies, tax breaks, or holidays are detrimental to productivity and welfare if not effectively implemented. The Washington-based lender disclosed this in a new report titled ‘Industrial Policy Is Not a Magic Cure for Slow Growth’. According to the global lender, Industrial policy, in which governments support individual sectors, […]
Global financial institutions lost $12bn to cyberattacks – IMF
The International Monetary Fund, IMF, has revealed that financial institutions worldwide lost $12 billion to cyberattacks in the last 20 years. IMF disclosed this in its recent April 2024 Global Financial Stability Report. The report stated that out of the $12 billion, a whopping $2.5 billion was lost between 2020 and the first quarter of […]
Agriculture development agencies in Liberia, Nigeria to hold summit
The two-day Seed Business Summit themed: “Building a Harmonised Roadmap for Seed Sector Transformation”, will be held 25-26 March in Monrovia, the Liberian capital The post Agriculture development agencies in Liberia, Nigeria to hold summit appeared first on Premium Times Nigeria. Powered by WPeMatico
IMF backs CBN’s decision on interest rate hike
Tackling food insecurity immediate priority for Nigerian govt – IMF
The International Monetary Fund, IMF, has said tackling food insecurity should be the immediate priority for the Nigerian government. The IMF said this in its End-of-Mission statement issued after the completion of the IMF Staff 2024 Article IV Mission to Nigeria on Tuesday in Abuja. DAILY POST reports that the End-of-Mission statement includes statements of […]