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Nigeria’s foreign reserves surge 17yr-high to hit $51.04bn, amid IMF advice to slow down accumulation
Nigeria’s foreign exchange reserves surged to a record 17-year high of $51.04 billion on June 18, 2026, according to latest data from the Central Bank of Nigeria (CBN), Friday. It would be recalled that the country’s reserves was at about…
FG dismisses IMF’s recommendation to introduce telecoms, petrol taxes in Nigeria
Federal Government says it has not adopted the International Monetary Fund (IMF) recommendation to the country to introduce petrol and telecommunications taxes in order to shore up revenue. Government also stated that it is not considering new taxes on telecommunications…
IMF worries over Nigeria’s rising poverty, food insecurity despite praises for Tinubu’s macroeconomic reforms
Global financial institution, the International Monetary Fund (IMF) has commended the economic reforms of the President Bola Tinubu’s administration, even as the organisation raised concerns over the Nigeria’s rising poverty levels and growing food insecurity, saying approximately 63 per cent of…
