IMF Warns Nigeria Against Restoring Petrol Subsidy
B: Mardiyyah Abubakar The International Monetary Fund (IMF) has urged the Federal Government not to restore a blanket petrol subsidy, recommending targeted support for vulnerable households affected by rising fuel prices. The Fund warned that broad fuel subsidies place pressure on public finances, cost governments significant revenue and often benefit higher-income consumers more than poorer […]
CBN Highlights Structural Reforms Driving Nigeria’s Economic Stability
By Oluwakemi Kindness The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, says Nigeria’s recent economic gains are the result of structural reforms that are creating lasting stability, boosting investor confidence, and enhancing the country’s global financial standing. FX Market Now Fully Market-Driven Speaking at the final Monetary Policy Committee (MPC) briefing of […]