IMF Supports Nigeria's Currency Changes, Offers Loans to Ease Pressure

The IMF acknowledges pressure on Nigeria's currency but wishes to provide loans to help ease this.

The IMF endorsed Nigeria's recent currency changes, calling them appropriate.

The IMF stated Nigeria can seek financing from them if it would help address external imbalances.

The IMF believes Nigeria's new CBN governor and finance minister can make wise economic decisions.

The IMF reiterated the need for Nigeria to hike interest rates and clear excess liquidity.