IMF urges Nigeria to embrace growth‑friendly fiscal adjustment

The Executive Board of the IMF emphasized the need for a growth‑friendly fiscal adjustment, which frontloads non‑oil revenue mobilization and rationalizes current expenditure to reduce the ratio of interest payments to revenue to a more sustainable level and create space for priority social and infrastructure spending by the Nigerian government.

Naira depreciation: Senate grills CBN gov

…Makes U-turn on forex Moved my the free fall of the naira against major international currencies, Senators, yesterday, grilled the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele in an executive session. Speaking on the outcome of the mee... Full Story...