COVID-19: IMF grants Nigeria’s request for $3.4bn financial support

The International Monetary Fund (IMF) has approved US$3.4 billion emergency financial assistance for Nigeria to fight coronavirus. The Executive Board on Tuesday approved Nigeria’s request under the Rapid Financing Instrument (RFI). The global financial body explained that the near-term economic impact of COVID-19 is expected to be severe, while already high downside risks have increased. … Continue reading COVID-19: IMF grants Nigeria’s request for $3.4bn financial support