The International Monetary Fund (IMF) says the weight used by the National Bureau of Statistics (NBS) to calculate the monthly consumer price index (CPI) is “severely outdated”. The CPI is used to measure inflation by…
The World Bank and the International Monetary Fund (IMF) have joined the growing number of organizations and individuals calling for an extension of the deadline for the transition from old to new naira notes. The…
The International Monetary Fund (IMF) and Ghana have reached a staff-level agreement for a three-year loan package of $3 billion. The development means that the agreement still requires the approval of the IMF…
The naira was trading at N545 to the dollar on the parallel market at the weekend, maintaining its strongest level since early September 2021. The local currency exchanges at N411.59 to the dollar at the official…
A new report from (IMF) has projected Nigeria as Africa’s biggest economy,in spite of its current challenges. Nigeria is placed ahead of South Africa and Egypt which are second and third respectively. In August, Nigeria…