Q1 Sees 6.28% YoY Decrease in Total Direct FX Remittances to $282.6m
Despite efforts by the Central Bank of Nigeria (CBN) to attract foreign exchange into the country, total direct FX remittances dropped by 6.28 per...
IMF Urges Nigerian Government to Halt Electricity Subsidy
The International Monetary Fund Calls for the Removal of Implicit Fuel and Electricity Subsidies in Nigeria
In a recent report, the International Monetary Fund (IMF)...
Nigeria Development Update: Progressing from Reform Initiatives and Optimism to Tangible Outcomes
Nigeria has implemented crucial reform measures to prevent a fiscal crisis and is providing temporary assistance to the most vulnerable households. Policy decisions made...
Economic Forecast for Nigeria: Challenges and Opportunities Ahead
In 2022, Nigeria experienced a downturn in real GDP growth to 3.3% from 3.6% in 2021, primarily due to a drop in oil production....
IMF Urges Nigeria to Regulate Crypto Trading Platforms for Financial Stability
In light of recent concerns regarding cryptocurrency trading platforms potentially manipulating the local currency's value, the International Monetary Fund (IMF) has advised the Nigerian...