The World Bank has shown concern over the Central African Republic adopting Bitcoin as its legal tender. It also said “it will be physically impossible” for...
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...
GDP will grow 5.2% by end 2022, but Ukraine war and COVID-19 add to uncertainty Economies in the Middle East and North Africa (MENA) region...
The World Bank says Ukraine’s economy will shrink by 45.1 percent this year because of Russia’s invasion, which has shut down half of the country’s businesses,...
Exportation and collaboration with foreign investors have been listed as factors that can shape Nigeria’s economy. With the country investing only about 18-19% of its Gross...
In its latest Global Economic Prospects report, the World Bank has predicted that Nigeria’s economy will grow at a 2.5 percent rate in 2022 and 2.8...
Amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality, the global economy is entering a pronounced slowdown that could endanger...
The prices of food reached a 10-year high in 2021, rising by an average of 28 percent, the highest average level since 2011. The UN’s Food...
The World Bank has said Nigeria may have one of the highest inflation rates globally in 2022, with increasing prices diminishing the welfare of Nigerian households....
The World Bank Group has made a call to the Federal Government of Nigeria, urging the government to impose special taxes on alcohol, cigarettes and beverages...