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The International Monetary Fund (IMF) has urged the Federal Government to resist calls to restore a broad petrol subsidy, recommending targeted financial assistance for vulnerable households struggling with rising energy costs. The Fund warned that reinstating a general fuel subsidy would increase government spending, put additional pressure on public financesContinue Reading

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THE International Monetary Fund (IMF) has identified stronger banking supervision, adequate capital and liquidity buffers, and timely recognition of bad loans as critical next steps for Nigeria following its banking sector recapitalisation exercise, warning that increased capital alone cannot guarantee financial stability. The Central Bank of Nigeria (CBN) said 33Continue Reading