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IMF: Why We Approved Nigeria’s $3.4bn Emergency Loan Request

The board of the International Monetary Fund (IMF) has approved the sum of $3.4 billion to support Nigeria’s COVID-19 fight. The assistance, facilitated via the...
Business

IMF Approves Debt Relief for 19 African Countries, 6 Others (Full List)

The International Monetary Fund,IMF, on Monday announced immediate debt relief for 25 poor countries, to help them free up funds to fight the coronavirus...
Business

COVID 19: As Oil Revenues Slump, IMF Mulls Emergency Funds to Bail Out Nigeria

From Akanimo Kufre ( The New Diplomat's Akwa Ibom  & Cross River Correspondent) The International Monetary Fund, IMF on Tuesday said it is considering a ...
Business

COVID-19: World’s Economy In Recession, Worse Than In 2009, Says IMF

The world’s economy has entered a recession and requires massive funding to help developing nations, Ms Kristalina Georgieva has declared. Georgieva, the Managing Director of...
Business

Coronavirus: IMF Rejects Venezuela’s $5bn Loan Request

The International Monetary Fund on Tuesday rejected economically devastated Venezuela’s request for a $5 billion loan to help it cope with the onslaught of...
Business

Why IMF Supported Nigeria’s Land Border Closure

The Minister of Finance, Mrs. Zainab Ahmed, says the International Monetary Fund (IMF) “supports’’ Nigeria’s closure of its land borders because it understands the...
Headline

IMF Backs Nigeria On Border Closure

The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade. Mr Abebe Selassie,...
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