Nigeria’s economy will grow faster than that of South Africa in 2017, this is according to the International Monetary Fund (IMF). This is a reverse from the fund’s earlier projection in July that South Africa’s economy will grow by 1% in 2017 while Nigeria will experience a 0.8% economic expansion. Speaking on Tuesday during the […]
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The International Monetary Fund (IMF) staff team, which visited Nigeria from July 20 to July 31, says non-performing loans across Nigerian banks have 6 percent in 2015, to 15 percent in 2017. The team led by Amine Mati, senior resident representative and mission chief for Nigeria at the IMF, discussed recent economic and financial developments, updated […]
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The International Monetary Fund (IMF) projects that Nigeria’s economy will grow at a faster pace than the South African economy in the 2018 fiscal year. According to its World Economic Outlook (WEO) for July 2017, the IMF said Nigeria will grow at 1.9 percent in 2018, while South Africa will only climb by 1.2 percent. […]
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The International Monetary Fund (IMF), says the UK and US economies will expand more slowly in 2017 than previously predicted. As reported by the BBC, IMF said “weaker-than-expected activity” in the first three months of the year meant the UK would grow by 1.7%, compared with an earlier 2% forecast. And the IMF revised down […]
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The International Monetary Fund, IMF, Tuesday, projected that Nigeria’s economic growth would rise by 0.8 per cent in 2017. The agency, in its World Economic Outlook report unveiled in Washington, said continued growth in agriculture, rise in oil output and big government spending will drive the nation’s growth. The outlook also explained how Nigeria will […]
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Speaking at a news briefing in Washington on Wednesday, Gene Leon, the International Monetary Fund (IMF) chief for Nigeria, says the Nigerian naira is overvalued by about 10 percent to 20 percent. “The Nigerian economy has been hit by lower oil prices and lower production and the need for adjustment is recognised by the government,” […]
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A letter exploded when it was opened at central Paris office of the International Monetary Fund (IMF) on Thursday and one person was slightly injured, police sources said. The Paris police department said on Twitter an operation was ongoing at the offices of the IMF and World Bank after a person was hurt following the […]
Continue ReadingThe International Monetary Fund, IMF, has introduced zero interest rates on all its concessional facilities to low income countries until 2018. The Managing Director, IMF, Ms Christine Lagarde, disclosed this on Thursday at the ongoing IMF/ World Bank 2016 General Meeting in Washington D.C. The theme of the meeting is: “We can end poverty together, […]
Continue ReadingDo you think the participation of women in corporate leadership position can boost Nigeria’s economic future? That is exactly what world leaders have said. This was a call made by Christine Lagarde, president of the International Monetary Fund, who was on a visit to Nigeria recently when she said, “Empowering women is not just about fairness—it […]
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