NBS: Inflation Rises 16.82%, Exceeds IMF’s 2022 Projection The National Bureau of Statistics latest report indicates that the Consumer Price Index rose to 16.82 per cent in April from 15.92 per cent in March. The NBS disclosed this in its ‘Consumer Price Index April 2022’ report...

World Bank Says Commodity Prices’ll Remain High In Nigeria, Others   The World Bank has said that the war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices at historically high...

World Bank: Many Nigeria States Won't be able to Pay Salary World Bank has again expressed concerns over Nigeria government's policies, warning that unless there are changes, things will remain unchanged. The group listed the consequences warning that many Nigeria states won't be able to pay...

Inflation: World Bank Alerts On Danger Of Rising Debts The World Bank recent report has identified debt and inflation as major obstacles to global growth, with Nigeria debt skyrocketing to 15.92 per cent inflation. The Bank disclosed that high debt and deficit levels have put countries...

Increasing Fuel Subsidy Puts Nigerian Economy At High Risk – World Bank   The World Bank says increasing fuel subsidy puts the Nigerian economy at a high risk as subsidy payments could significantly impact public finance and pose debt sustainability concerns. The Washington-based lender said this in...

World Bank Raises Nigeria’s 2022 growth From 2.5% to 3.8% The World Bank has released a forcast on Nigeria’s economy for 2022, raising its growth to 3.8%, up from 2.5% projected earlier in the year. In its January 2022 Global Economic Prospects report, the Bretton Woods...