According to the International Monetary Fund (IMF), global economic growth has been projected to remain unchanged at 3.2 per cent in 2024 and 3.3 per cent in 2025.
The World Bank has affirmed its 3.3 per cent economic growth forecast for Nigeria in 2024 saying the nation’s economy was mildly buoyant in the early part of the year despite macroeconomic adjustments.
IMF Says Nigeria, Others May Lose $10bn To Political Tensions
The International Monetary Fund (IMF) has said Nigeria could lose an estimated $10bn of foreign direct investment and official development assistance inflows to geo-political tensions.
The IMF in its country focus on Sub-Saharan Africa, released on...
Rising Food Prices Fuelling Inflation In Nigeria, Others – IMF
The International Monetary Fund says rising food prices is the major factor fuelling inflation in Nigeria and other Sub-Saharan African countries.
According to the body, inflation is rising around the world, but because food accounts for...
Sub-Saharan Africa Growth To Hit 3.4% In 2021 — W/Bank
Economic growth in Sub-Saharan Africa (SSA) is expected to rise between 2.3 percent and 3.4 percent in 2021 after contracting by 2 percent last year.
Stating this yesterday, the World Bank also said that prospects for...
AfDB Approves $15m equity deal in AFSF
The African Development Bank (AfDB) Board has approved a $15 million equity investment in Africa Food Security Fund (AFSF), to support enterprises in agri-business SMEs and enhance food security in Africa. It is also in line with its...
