According to the IMF, the charges are tied to the difference between Nigeria’s SDR holdings, which currently stand at SDR 3,164m ($4.3bn), and its cumulative SDR allocation of SDR 4,027m ($5.5bn).

In the report, the IMF projects Nigeria’s economy will grow by 3 percent in 2025. This is correctly depicted in the chart by Trade Brains, as are the figures listed for the other 11 countries.

ALTON Chairman Gbenga Adebayo has cited investments, network upgrades, and digital expansion as the drive for the telecom ...

Following the news that Nigeria paid off its remaining loans from the International Monetary Fund (IMF) in May, Facebook posts shared hundreds of times falsely claimed the country was “debt free ...

The International Monetary Fund (IMF) has pledged to sustain its support to the Federal Inland Revenue Service (FIRS) to help deepen tax administration and strengthen Nigeria’s revenue ...

International Monetary Fund Managing Director Christine Lagarde (L) and Nigeria’s Finance Minister Kemi Adeosun (C) hold a media briefing following her meeting with President Muhammadu Buhari in ...

IMF’s Mission Chief for Nigeria, Axel Schimmelpfennig, said this in a statement yesterday following his visit to hold discussions for the 2025 Article IV Consultations with Nigeria.

The International Monetary Fund plans a mission to Senegal in August to address hidden debt and start talks on the "contours" of a new loan programme, it said on Thursday.

According to the IMF’s World Economic Outlook report released on Tuesday, October 4, 2016, Nigeria’s real Gross Domestic Product is expected to increase marginally by 0.6% with Consumer Prices ...