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Feb 27, 2024 · Government policies have worsened the economic crisis, trade unions say. Nigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger. A ...
Feb 6, 2023 · The last seven years (2015–2021) have been tough for Nigerians. During this period, GDP growth averaged 1.1 percent as the country experienced two economic recessions. Unemployment and ...
Global growth settled at an estimated 2.6% in 2023, according to the World Bank, as Central Banks in developed economies approached the end of their monetary tightening streak aimed at reining inflation to their 2% target. On the global horizon, we anticipate a moderate growth, lower inflation, and interest rate cuts after initial pause to ...
The year 2023 has been a pivotal one for Nigeria’s finance and economy, marked by a series of major events that shaped the nation’s financial landscape. Against a backdrop of global economic ...
Dec 13, 2023 · “With the continued implementation of macroeconomic stabilization reforms, Nigeria’s economy is expected to grow at an average annual rate of 3.5% in 2023-2026, or 0.5 percentage points higher ...
Jun 13, 2024 · Since May 2023, Nigeria has embarked on far reaching and long-overdue reforms aimed at stabilizing the economy and setting the country towards the path to growth. The Central Bank of Nigeria unified the multiple official exchange rates, fostered a market-determined official rate, cleared the verified foreign exchange (FX) backlog, and tightened monetary policy.
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Feb 24, 2023 · 2023 still shoulders some of the burdens in 2022 and is set toface its ripple effects. With the ongoing Russia-Ukraine war, oilprices are expected to remain at a relatively high price above itspeak in 2021. Although, this is supposed to be an advantage toNigeria due to its status as the largest oil producer in Africa,the Nigerian oil sector has ...
