The increase was due to payments to China’s Exim Bank, which rose to $182.04 million in Q3. Other creditors include the Exim ...

Overall, the IMF Deputy Director stressed the need for Nigeria to optimise its revenue streams by strengthening tax ...

As Africa's largest economy charts a new course towards fiscal stability, the International Monetary Fund (IMF) has sounded a ...

The International Monetary Fund (IMF) has said the reforms of the Bola Ahmed Tinubu government has restored economic ...

Nigeria expended a total of $5.47bn on external debt servicing between January 2024 and February 2025, data from the Central Bank of Nigeria have shown.

The International Monetary Fund (IMF) has reassured Nigerians that the country is not at risk of falling into a debt trap, ...

Despite Nigeria’s economic growth, a troubling trend has emerged—Gross Domestic Product (GDP) per capita is steadily declining, highlighting the country’s shrinking prosperity. The ...

The story of Nigeria is one of contradictions—rich in potential, but crippled by its own rulers. Once hailed as the giant of ...

The International Monetary Fund (IMF) has asked the Federal Government to cushion the reforms' harshest impacts with targeted social investments. President Bola Tinubu's economic reforms have been ...

Yet, by 1985–86, Nigeria was having difficulty rescheduling a relatively paltry $2 billion in insured trade credits, with its creditors insisting on a prior IMF-supported reform program. Why, in view ...

Nigeria is heading towards the "light at the end of the tunnel" as the country grinds through the second year of a ...