World Bank Lowers its Economic Growth Forecast for Sub-Saharan Africa
The World Bank has lowered its economic growth forecast for sub-Saharan Africa this year to 3% from 3.4%, due to the destruction of Sudan’s economy in a civil war. In its latest regional economic outlook report, the bank however said growth is expected to remain comfortably above last year’s 2.4% thanks to higher private consumption […]
Nigeria’s inflation rate drops to 32.15% in August
Nigeria’s inflation rate dropped from 33.40% in July to 32.15% in August. This is the second month of consecutive inflation decline this year. In its Consumer Price Index report released yesterday, the National Bureau of Statistics said the headline inflation rate eased to 32.15% in August 2024, while food inflation stood at 37.52% in the […]
