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Economy
1086 posts
Guterres urges urgent action to end food, energy, finance crisis
Ripple effects from the war in Ukraine have generated a severe cost-of-living crisis which no country or community…
Stagflation risk rises amid sharp slowdown in growth, says World Bank
Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the…
Capital importation drops to $1.6bn in Q1 2022
Capital importation into Nigeria dropped on a quarter-on-quarter basis by 28.1% to $1.6 billion in the first quarter…
BPE, Benue State to collaborate on economic reforms
The Bureau of Public Enterprises (BPE), has pledged the Bureau’s willingness to deploy its expertise and technical knowhow…
FIRS to recover unremitted tax deductions by states, councils
The Federal Inland Revenue Service (FIRS) says it will commence the process of enforcement and recovery of unremitted…
Turn climate change challenges into green job opportunities, Africa told
Africa, being the main victim of climate change, despite emitting only 3% of greenhouse gases (GHG), has been…
Oil prices surge as EU bans 90% of Russian crude imports
Oil prices surged yesterday after EU leaders reached an agreement to ban 90% of Russian crude by the…
NIPC tracks $2.58bn investment announcements for Q1 2022
Nigerian Investment Promotion Commission (NIPC) reports that $2.58 billion was tracked as investment announcements for the first quarter…
W’Bank President says Ukraine war may trigger global recession
World Bank President, David Malpass, on Wednesday suggested that Russia’s war in Ukraine and its impact on food…
Africa’s 2021 economic rebound impacted by COVID-19, Russia-Ukraine war
Africa’s economic growth could decelerate to 4.1% in 2022, and remain stuck there in 2023, because of the…