INTERNATIONAL Monetary Fund (IMF) officials have warned Nigeria and other African countries of the possibility of hunger-related social unrests ahead as a direct consequence of Russia-Ukraine war
According to the IMF, the Russia-Ukraine war will lead to global shortages of certain basic foodstuffs, which will have a social...
NIGERIA and several other developing nations could get their promised debt relief which G20 countries promised them in the wake of the Covid-19 pandemic very soon after the World Bank and the International Monetary Fund (IMF) promised to fast track payments.
Following the outbreak of the coronavirus pandemic, developing...
INTERNATIONAL Monetary Fund (IMF) officials have raised their forecast for Nigeria’s economic growth in 2022 to 3.4% as a result of a significant rise in crude oil prices brought about by the Russia-Ukraine war.
In the aftermath of the lockdown brought about by the coronavirus pandemic, Nigeria was in dire straits as...
NIGERIA'S federal government has announced plans to launch an auction for a combined sum of N150bn ($360m) in bonds through the local debt market as part of its programme to raise capital in a bid to meets its funding needs.
Die to take place tomorrow, the programme will see the government seek to woo investors who will...
MEMBERS of the House of Representatives has passed the 2022 budget into law with the annual allocation to the National Assembly rising to N139bn ($337.29m) despite the hard times the country is facing.
Nigerian lawmakers are among the highest paid in the world despite the fact that the country is the poverty capital of the...
Ayo Akinfe
Last year, the International Monetary Fund (IMF) published a report in which it warned that Nigeria’s debt-to-gross domestic product (GDP) ratio was growing at an alarming rate
Although borrowing is still within reason as the federal government’s external debt of $40bn is still less than 10% of GDP, the way it is...
AS many as 30m people may have been pushed into extreme poverty across sub-Saharan Africa as a result of the economic impact of the coronavirus pandemic according to the findings of a new economic report just published by Bloomberg.
Released at the recent Bloomberg New Economy Forum in Singapore, the report revealed that the...
GOVERNMENT ministers have said they are not panicking about the fact that Nigeria's debt-to-gross domestic product (GDP) ratio has ballooned to 33% as a result of increased borrowing brought about by the coronavirus pandemic.
Due to the global pandemic, Nigeria has had to resort to heavy borrowing, with as much as a third of...
NIGERIA'S senate has approved President Muhammadu Buhari's request for an additional $16bn loan and an extra €1bn worth of borrowing to help the government fund its budgets under the 2018-2020 External Borrowing Plan.
Due to the debilitating effect of the coronavirus pandemic, Nigeria is totally unable to fund its annual...
INTERNATIONAL Monetary Fund (IMF) forecasters have slightly increased Nigeria’s growth prospects to 2.6% and 2.7% for 2021 and 2022 respectively amid signs that the economy has now overcome the worst of the coronavirus pandemic.
Following the impact of the Covid-19 crisis, Nigeria suffered from negative economic growth,...
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