The International Monetary Fund (IMF) has held its projection about Nigeria’s economic growth prospect at 3.4 per cent amid growing concern about elevated inflation and the possibility of a technical recession in the year. The position is contained in the July World Economic Outlook (WEO) update released, yesterday. The Fund expects the country’s growth to […]

The International Monetary Fund has warned about the widespread use of crypto assets in Nigeria and other emerging markets to bypass capital restrictions and sanctions. According to the IMF’s Global Financial Stability Report, this is the case. The IMF paid increased attention to crypto-assets this quarter. The IMF had pushed for a worldwide regulatory framework to […]

A new survey by the International Monetary Fund (IMF) has revealed that Nigerian banks closed about 234 branches across the country in 2020 alone due to the economic and health crisis brought on by the outbreak of Coronavirus pandemic. The IMF released the results of the twelfth annual financial access survey for 2021. On a […]


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