Economy

The International Monetary Fund (IMF) has revised its estimate of Nigeria’s economic growth for the year 2023 downward to 2.9 percent. This is against its forecast for 2022 which stood …

Amid shortage of foreign exchange, Nigeria’s inflation rate rose to 24.08% in July 2023, the highest in years. The July 2023 rate showed an increase of 1.29% points when compared …

Inflation in South Africa edged higher in March with food prices recording the highest year-on-year jump in more than a decade, official figures showed Wednesday. Inflation for food and non-alcoholic …

UK inflation slowed last month but held above 10 percent on soaring food prices, official data showed Wednesday, further fuelling a cost-of-living crisis despite a series of aggressive interest-rate hikes. …

Introduction Inflation is a reality that affects everyone, and managing it in your personal finances is essential for long-term financial health. Fortunately, there are a variety of strategies you can …

Nigeria’s inflation rate rose to 22.04% in March 2023 compared to February 2023 headline inflation rate which was 21.91%. According to the National Bureau of Statistics (NBS)’s Consumer Price Index …

Central Bank of Nigeria’s Monetary Policy Committee has voted to increase the benchmark interest rate by 50 basis points to 18. percent. This was disclosed by the CBN Governor, Godwin …

African leaders have pledged to take immediate action to integrate the recommendations from the newly released Africa’s Macro-Economic Performance and Outlook report into their national development plans. Zambian President Hakainde …

Hungary’s economy entered recession in 2022 according to official data published Tuesday, as soaring energy prices drove inflation higher. Hungarian GDP shrank by 0.4 per cent in the last three …

Britain’s economy showed zero growth in the final three months of 2022 – enough for it to avoid entering a recession for now – but faces tough prospects in 2023 …