Latest figures from the National Bureau of Statistics showed that Nigeria’s Consumer Price Index rose to 15.92 percent in March 2022. This new rate is the highest the country has recorded since November 2021 with an inflation rate of 15.99 percent. The NBS in its “CPI report for March 2022” revealed that Nigeria’s inflation fell […]Read More
A month after Russia’s invasion of Ukraine, fuel prices in America soared, causing the highest rise in inflation rates since 1981. With the US energy prices at about 32% and consumer prices surging to 8.5%, economic growth became highly uncertain. In a bid to salvage the economic situation and reduce inflation rates, the federal reserve […]Read More
Kenya has unveiled a $28 billion (3.3 trillion shillings) budget for the 2022/23 fiscal year aimed at reviving the country’s economy. Treasury Secretary, Ukur Yatani, said the budget would focus on building infrastructures that would reduce the rates of unemployment and grow the economy by 6% by the end of the year. If the parliament […]Read More
The World Bank has estimated that the number of poor Nigerians is projected to hit 95.1 million in 2022. This projection is coming as the number of Nigerians falling below poverty line continued to increase since 2015, the Washington-based bank said. It said this in its report titled, ‘A Better Future for All Nigerians: 2022 […]Read More
The ongoing conflict between Russia and Ukraine is causing a rippling effect in countries across the globe especially developing economies that depend on oil and other produce supplies from both countries. Zimbabwe is one of those countries that heavily rely on European nations for trade and gets at least half of its wheat from Russia. […]Read More
A publication of the United Nations Sustainable Development Solutions Network, powered by the Gallup World Poll has revealed that Nigeria ranks 118th out of 146 happiest countries globally. This is a decline by two spots from its position last year. The 2022 World Happiness Report is global survey data used to report how people evaluate […]Read More
In Mali, food production and economic stability heavily rely on the production and exportation of cotton, after gold which covers up to 72% of the country’s total exports. As one of the four top cotton producers in sub-Saharan Africa, Mali’s cotton farmers are considered traditional high earners. However, the economic fallout from the coronavirus pandemic […]Read More
According to data obtained from the National Bureau of Statistics, the average prices of bread and rice in Nigeria have been recording significant increases in the past five years. A year-on-year analysis of the average prices from January 2017 to January 2022 based on data from the NBS shows that bread (unsliced, 500g) and rice […]Read More
In January, Tunisian President Kais Saied released an online questionnaire asking citizens to join in the process of rewriting the constitution. With just a few days to go until the portal closes on Sunday evening, only 412,000 people – less than six percent of the seven-million-strong electorate – have taken part in the consultation as […]Read More
