Nigeria’s Economic Situation Worsens

12/16/2022 17

The World Bank has said Nigeria is in a worsening situation, with economic performance becoming weaker as inflation persists.

The Washington-based bank said this in its newly released Nigeria Development Update, which was launched in Abuja.

The financial institution also cut Nigeria’s 2022 growth forecast to 3.1 per cent from a previous forecast of 3.8 per cent.

Written by: Helen Obih

Rate it

World

Landslide in Malaysia Claim Lives

At least two people have been killed and dozens more are missing after a landslide hit a camping site in Malaysia. According to fire authorities, the landslide took place around on Friday, just outside the hilly Genting Highlands. Authorities say they are scrambling to rescue people who may be buried, stating that up to 100 people had been camped at a farm site on the side of a road. Malaysia's fire […]

12/16/2022 17