Sub-Saharan Africa’s recent economic progress is under fresh threat from rising global tensions, as the war in the Middle East begins to push up prices and slow growth across the region, the International Monetary Fund has warned. Speaking at a press briefing during the IMF Spring Meetings on Thursday, April 16, the IMF Director of the …
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned that the global economy is facing rising risks from slowing growth, high debt, and increasing global uncertainty, calling on countries to take urgent and coordinated action. In the IMF’s latest Global Policy Agenda, Georgieva stated that the world is at a critical …
The International Monetary Fund (IMF) has lowered Nigeria’s economic growth forecast for 2026 to 4.1 per cent, citing the impact of the ongoing Middle East war on energy prices and global supply chains. The downgrade was announced during the IMF and World Bank Spring Meetings in Washington, D.C., where officials warned that rising fuel costs …
The International Monetary Fund (IMF) has raised Nigeria’s economic growth forecast for 2026 to 4.4 per cent. The Fund cited improved macroeconomic conditions and ongoing reforms as key drivers. According to the IMF’s January 2026 World Economic Outlook (WEO), titled “Global Economy: Steady amid Divergent Forces”, Nigeria’s economy will grow steadily from 4.1 per cent …
The International Monetary Fund (IMF) has raised its global growth forecast for 2026, pointing to strong investment in artificial intelligence and growing adjustment to global trade tensions. In its latest World Economic Outlook update released on Monday, the Fund projected global GDP growth of 3.3 percent in 2026. This represents a 0.2 percentage point increase …
Zambia has withdrawn request for a one-year extension of its Extended Credit Facility (ECF) with the International Monetary Fund (IMF), the Fund confirmed on Wednesday with no reason provided for the reversal. The ECF, agreed in 2022, aimed to help Zambia stabilize its finances after defaulting on international debt in 2023. A one-year extension would …
The Central Bank of Nigeria Governor, Olayemi Cardoso, has inaugurated the new Board of the Agricultural Credit Guarantee Scheme Fund (ACGSF). The apex bank made this known in a statement on Wednesday, December 10. Cardoso said the inauguration of the ACGSF board reaffirms the apex bank’s commitment to strengthening Nigeria’s agricultural sector. He highlighted the …
The World Bank has raised concerns over the inefficiency and poor targeting of Nigeria’s social safety net programmes, revealing that less than half of total benefits actually reach poor households despite the majority of beneficiaries being from low-income backgrounds. In its latest report titled “The State of Social Safety Nets in Nigeria,” the global financial …
The International Monetary Fund (IMF) has concluded its latest mission to Senegal without finalizing a new lending programme, though discussions are still ongoing. Mission Chief Edward Gemayel confirmed that negotiations would continue in the coming weeks, noting that Senegal’s government was committed to restoring fiscal discipline after uncovering billions of dollars in unreported debt left …
Veteran Nollywood actress, Idowu Phillips, fondly known as Mama Rainbow, has celebrated her 83rd birthday and 60 years on stage, marking a remarkable milestone in Nigeria’s entertainment history. The iconic actress took to Instagram on Thursday, October 16, to express profound gratitude to God, her family, fans, and colleagues for their unwavering love and support …
