The Ethiopian government has once again increased fuel prices, raising concerns among citizens already grappling with widespread shortages and the rising cost of living. The new prices took effect on …
In a significant move to bolster agricultural productivity and ensure food security, Nigeria and Brazil have entered into a $1.1 billion agreement. This collaboration aims to enhance Nigeria’s agricultural infrastructure …
The International Monetary Fund (IMF) has approved a $1.2 billion disbursement to Egypt following the completion of the fourth review of the country’s economic reform program. This decision underscores the …
The South African Reserve Bank (SARB) recently opted to keep the benchmark interest rate steady at 7.5%, a move that has drawn criticism from economists who believe the central bank …
The increase in the price of fuel, scarcity of foreign exchange, and disruption in food supply chain pushed headline inflation to a new record high of 21.09 per cent in …
Rising inflation drove Nigerians’ consumption expenditure to N57.08tn in the first half of 2022. This is a 14.39 per cent increase from the N49.89tn that was spent in the corresponding …
Nigeria’s inflation rate hit a 17-year high on the back of soaring food prices and supply chain disruption in September, a report by the National Bureau of Statistics (NBS) said on …
Turkish inflation jumped to a new 24-year high exceeding 83 percent in September, official data showed Monday, after the central bank cut interest rates despite surging prices. Turkey’s monetary policymakers …
South Africa’s headline consumer inflation fell to 7.6% year on year in August, data showed on Wednesday, suggesting inflation may have peaked in annual terms at 7.8% the previous month. Inflation …
The global economy may face a recession next year caused by an aggressive wave of policy tightening that could yet prove inadequate to temper inflation, the World Bank said in …