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GDP: Nigeria’s economy to contract by 4.3% in 2020 – IMF

*Revised its 2020 GDP projections for Nigerian economy The International Monetary Fund (IMF) has on Tuesday, projected that Nigeria’s economy will contract by 4.3 per...

IMF approves $7.6 million debt relief to Burundi to cushion Covid-19...

The International Monetary Fund said it had approved $7.6 million debt relief to Burundi to help address the economic impact of the COVID-19 pandemic. It...

IMF casts gloom clouds over Nigeria’s economy 

How Nigeria navigates through the coronavirus storm will certainly influence its economic outlook well beyond 2020. Over the past few months, the COVID-19 menace has...

IMF approves $2.7 bn in aid for Egypt

The International Monetary Fund (IMF) said it would give Egypt 2.77 billion dollars in aid to help it “meet the urgent balance of payments” requirements...

Finally, IMF approves US$3.4bn emergency support for Nigeria

The Executive Board of International Monetary Fund (IMF) has approved US$3.4 billion in emergency financial assistance to support Nigeria in addressing the economic impact...

IMF says Nigeria, others need $114bn to fight coronavirus disease

Nigeria and other African countries need an estimated $114bn to fund the campaign against the outbreak of the coronavirus disease on the continent. This was...

Nigeria week ahead: Oil, Inflation and PMI’s in focus 

A darker mood awaits the largest economy in Africa as Oil descends to levels to not seen in more than two decades below $15. Over...

Nigeria needs more fiscal support to fight Coronavirus, IMF tells Buhari

The International Monetary Fund, IMF, on Wednesday, called on the President Muhamadu Buhari to roll out more fiscal support to fight the Coronavirus (COVID-19)...

IMF excludes Nigeria among 25 countries benefiting from debt relief

*As Labour calls for suspension of debt payments The International Monetary Fund, IMF, has excluded Nigeria among the 25 poor countries benefitting from its...

GDP: Nigeria stands tall amidst global market chaos

2019 was packed with uncertainty thanks to persistent trade drama, global growth fears and volatile oil prices. Unfavourable global economic conditions left no prisoners with...