DIRECTOR of Communications at the International Monetary Fund (IMF), Gerry Rice, has said the Executive Board has approved an important reform to the Fund’s exceptional access lending framework. The framework also includes the removal of the systemic exemption that was introduced in 2010. He said the objective of this reform is to better calibrate IMF […]
Read More THE International Monetary Fund (IMF) has projected 3.4 per cent global economic growth for 2016, indicating an increase of 0.3per cent over last year’s growth rate of 3.1per cent. The World financial body has equally forecast a growth rate of 3.6per cent for 2017, pointing out that the pickup in global activity is projected to […]
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THE Nigeria Naira yesterday made a sudden recovery in the parallel market, following the Central Bank of Nigeria’s (CBN’s) easing of forex policies. The naira appreciated to N295 against the dollar from N305 on Friday, after the apex bank lifted the ban on dollar transfers and allowed dollar deposits into domiciliary accounts. The local currency […]
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The Managing Director of the International Monetary Fund, Christine Lagarde, said yesterday that Nigeria was under severe economic stress. Lagarde, who was on a four-day visit to Nigeria last week, stated this at a farewell symposium for the Governor of the Central Bank of France, Christian Noyer, in Paris. According to the IMF boss, Nigeria and […]
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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 […]
Read More 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 […]
Read More 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 […]
Read More [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 […]
Read More 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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The sting of low oil prices has forced Nigerian president Muhammadu Buhari to seek help from the International Monetary Fund, according to Reuters. The president plans to boost spending to stimulate the economy, but Nigeria will need help from the organization to do so. The government plans to borrow up to 900 billion naira to […]
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