‘Watch Your Borrowing’, IMF Advises FG

THE International Monetary Fund (IMF) has advised the Federal Government to be careful with its borrowing plans. A statement issued yesterday by the Managing Director of the IMF, Ms Christine Largarde, at the end of her visit to Nigeria urged the Federal Government to identify ways to broaden the revenue base, particularly to create additional […]

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IMF’s Lagarde Says Nigeria Needs Flexibility in Monetary Policy

Nigeria needs more flexibility in setting monetary policy so it can use its foreign currency reserves to support the poor population if low oil prices persist, said International Monetary Fund Managing Director Christine Lagarde. “With a very clear ambition to support the poor people of Nigeria, there could be added flexibility in the monetary policy, […]

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IMF Wants Flexible Exchange Rate, Higher VAT For Nigeria

The International Monetary Fund on Wednesday advised the Federal Government to consider a flexible exchange rate policy rather than outright devaluation of the naira and the current forex restrictions. It also called for an increase in the Value Added Tax rate from the current five per cent. The Managing Director, IMF, Christine Lagarde, on the […]

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Christine Lagarde’s Curious Visit

The news has been awash of the visit of the Managing Director of the International Monetary Fund, Christine Lagarde, to Nigeria on a working visit to Africa but dedicating a whole four days to Nigeria. Not surprising, she did us the “honour” of having to touch down on our soil first. Trust the ludicrousness of […]

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External Reserves Lose $112m In Five Days

The nation’s foreign reserves have fallen by $112m in five days to $28.960bn; the latest figures obtained from the Central Bank of Nigeria have shown. The loss, recorded between December 31 and January 6, was the biggest in Nigeria’s reserves since the CBN implemented the use of Bank Verification Number in the forex trading. In […]

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Full Text Of Saraki’s Speech During IMF Chief’s Visit

ADDRESS BY THE PRESIDENT OF THE SENATE AND CHAIRMAN OF THE NATIONAL ASSEMBLY, HIS EXCELLENCY, SENATOR (DR.) ABUBAKAR BUKOLA SARAKI TO THE MEETING WITH THE PRINCIPAL OFFICERS OF THE NATIONAL ASSEMBLY ON THE VISIT OF MADAME CHRISTINE LAGARDE, MANAGING DIRECTOR, INTERNATIONAL MONETARY FUND, (IMF) ON 06 JANUARY, 2016. Protocol: Your Excellency, on behalf of my […]

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IMF To Help Nigeria Trace Loot Funds

[su_list icon=”https://newstage.com.ng/wp-content/uploads/2016/01/ns-icon.png”] Nigeria did not need IMF loans, fiscal discipline was needed for the country to be sustainable [/su_list] The Managing Director of the International Monetary Fund, Christine Lagarde, said on Tuesday in Abuja that the organisation was willing to assist the Federal Government of Nigeria in plugging revenue leakages, tracing stolen funds and restructuring […]

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IMF Boss; Christine Lagarde, Buhari To Meet On Way Out Of Economic Crisis

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, will meet with President Muhammadu Buhari, as the country seeks to spend its way out of an economic crisis fuelled by plunging oil prices. The Fund said yesterday that Lagarde would meet Buhari and his Finance Minister Kemi Adeosun. “I look forward to productive […]

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