FG dismisses ‘shadow budget’ claims, says IMF report misrepresented
The Federal Government has dismissed allegations that it operates a "shadow budget" involving public spending outside the 2026 Appropriation Act, ...
Tag: IMF
Oil Price Drop Brings Relief, But Protest Risks Remain High in Emerging Economies
The recent decline in global oil prices following a fragile ceasefire between the United States and Iran has provided some ...
Nigeria Secures $1.5 Billion from UAE Bank as Debate Grows Over New Borrowing Strategy
The Federal Government of Nigeria has received the first $1.5 billion from a $5 billion financing agreement arranged with First Abu Dhabi Bank (FAB), the ...
Nigeria Secures First $1.5 Billion from $5 Billion Abu Dhabi Financing Deal
Nigeria has received the first $1.5 billion from a $5 billion financing agreement with First Abu Dhabi Bank (FAB), marking ...
IMF Backs Further Electricity Reforms as Nigeria Targets Subsidy Reduction
The International Monetary Fund (IMF) has thrown its support behind Nigeria’s ongoing electricity sector reforms, urging authorities to deepen efforts ...
Nigeria’s reserves have already reached around $50 billion and are approaching the CBN’s projected $51 billion year-end level
Nigeria’s gross external reserves rose to $50.886 billion as of June 16, 2026, placing the country within striking distance of ...
FG Dismisses Reports of New Telecom and Fuel Taxes
The Federal Government has denied reports claiming it plans to introduce new taxes on telecommunications services and petroleum products, describing ...
IMF Reports Rising Use of Stablecoins in Nigeria as Crypto Inflows Hit $59 Billion
The International Monetary Fund (IMF) has revealed that more Nigerians are turning to U.S. dollar-backed stablecoins and digital payment platforms ...
IMF Urges Nigeria to Raise VAT, Introduce Telecom Tax to Boost Revenue
The International Monetary Fund (IMF) has advised Nigeria to consider increasing its Value Added Tax (VAT) rate and introducing excise ...
IMF Urges Nigeria to Expand VAT and Telecom Taxes to Boost Revenue
The International Monetary Fund (IMF) has urged Nigeria to broaden its tax base by introducing excise duties on telecommunications services ...
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