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Tag Archives: IMF

Global Inflation Could Stay High Until 2025 – IMF Alerts

Global Inflation Could Stay High Until 2025 - IMF Alerts

The underlying drivers of historically-high global inflation could persist until 2025, the International Monetary Fund’s chief economist told AFP on Tuesday. Prices around the world have surged since the rapid reopening of the global economy after the Covid-19 pandemic. Inflation was further fueled by Russia’s invasion of Ukraine last year, …

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Nigeria Records $85.21 Billion Net Foreign Liabilities – IMF  

Nigeria Records $85.21 Billion Net Foreign Liabilities - IMF  

Nigeria’s foreign liabilities stood at $187.36bn while the country’s foreign assets amounted to $102.15bn as of December 2020, the International Monetary Fund has said. From 2016, Nigeria’s foreign liabilities jumped by 42.41 per cent from $131.56bn, while foreign assets rose by 13.67 per cent from $89.87bn. Foreign assets are the …

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Nigeria to Convert $25 Billion CBN Financing to 30-Year Debt

Nigeria to Convert $25 Billion CBN Financing to 30-Year Debt

…Govt Seeks Two-Years Moratorium on Repayments Nigeria’s federal government has set the terms for the conversion of its stock of central bank overdrafts into long-term notes in a bid to create transparency around its dependence on that source of funding. The 10 trillion naira ($25.6 billion) debt will be exchanged …

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Economic Difficulties Triggers Nigeria’s Social Protest -IMF

Economic Difficulties Triggers Nigeria’s Social Protest -IMF

…Projects 3.1% economic growth for Africa in 2021 The International Monetary Fund (IMF) has attributed the recent Nigeria’s social protest, (EndSARS) to economic difficulties, saying that conditions in Nigeria for the last four years have been very difficult in the wake of the decline in oil prices in 2015-16. “Since …

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