The International Monetary Fund has projected that Nigeria’s economic growth will decline in 2023 and 2024 due to security issues in the oil sector. It stated that the country’s economy would grow at...
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IMF: Africa vulnerable to higher food and fuel prices over Russia-Ukraine war
The International Monetary Fund (IMF) has stated that the ongoing crisis in Ukraine threatens to undo Africa’s post-COVID-19 economic recovery. This was stated by Kristalina Georgieva, IMF managing director after a meeting...
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IMF: Nigerian Banks Closed 234 Branches, 649 ATMs Amid COVID-19 Pandemic
The International Monetary Fund (IMF) has stated that Nigerian banks closed 234 branches and 649 automated teller machines (ATMs) in 2020 amid the COVID-19 outbreak. This was made known by the IMF...
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