The International Monetary Fund (IMF) has noted that the non-oil sector of the Nigerian economy could be stronger, benefitting from its recent growth momentum, higher production from the new Dangote Refinery, and supportive credit policies. In IMF’s Executive Board 2021 Article IV Consultation with Nigeria released recently, the global organisation added that Nigeria’s ratification of…
President Muhammadu Buhari has reassured Nigerians that the administration’s ambitious policy of lifting 100 million Nigerians out of poverty did not come by accident or “something we just bumped into,” but a deliberate one that will be pursued with remarkable grit and determination. Speaking on Tuesday at a meeting with the Presidential Economic Advisory Council…
The decision of the Central Bank of Nigeria, CBN, to float the country’s currency last week has received the backing of the International Monetary Fund, IMF, which once advised Nigeria to take such decision last year. The CBN announced last Wednesday that the market will now determine the exchange rate for the Naira, a decision…