The World Bank and IMF have a significant influence on global economic policies . However, their actions often come at a cost to the people, as seen in the personal story of a cost of living crisis . This article explores the impact of these institutions and the challenges faced by individuals.
World Bank IMF Global Economic Policies Cost Of Living Crisis
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank projects food security crisis in Nigerian statesThe World Bank's latest Food Security report has projected that seven states across the North-west and North-east will undergo a crisis of food security levels in 2024. The report said insecurity and armed conflicts were reducing the standards of living across the region, adding that Borno, Adamawa, Kaduna, Katsina, Yobe, Sokoto, and Zamfara states are most at risk. Beyond Nigeria, the report noted that other countries in the West African region, such as Burkina Faso, Chad, and Niger will experience varying degrees of food insecurity.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Nigeria's foreign reserves drop to record low of $24bn, says IMFThe International Monetary Fund, IMF, says Nigeria's foreign reserves dropped to a record low of $24 billion in 2024 from $33 billion last year. The IMF's latest country report for Nigeria disclosed this, signalling potential challenges for Africa's largest economy.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
United Bank for Africa (UBA) Plc Receives Multiple International AwardsUnited Bank for Africa (UBA) Plc has been recognized with multiple international awards, highlighting its contributions to the economic development of Africa. The bank received awards for Best SME Bank in Nigeria, Ghana, and Mozambique, as well as Money Market Liquidity Provider, FX Market Liquidity Provider, and Dealing Member of the Year. UBA was also named Global Finance’s Safest Bank in Senegal.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Access Bank Launches Access More App for Convenient BankingAccess Bank introduces the Access More app, a mobile banking application that offers a wide range of financial solutions and personalized services. With five million downloads, the app aims to improve the lives of its users by providing essential banking features.
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Central Bank of Nigeria Plans to Lower Interest Rates to Stimulate Economic GrowthThe Central Bank of Nigeria (CBN) has announced its plan to scale back monetary policy and lower interest rates once it achieves its 2024 inflation target. This move aims to stimulate economic growth. Meanwhile, an economist analyst suggests raising the Monetary Policy Rate (MPR) to increase the real interest rate and encourage investment. CBN's deputy governor, Muhammad S. Abdullahi, believes that the implemented monetary and fiscal policies will ease foreign exchange constraints in the future. However, Dr 'Biodun Adedipe, Chief Consultant of B. Adedipe Associates Ltd, highlights the negative impact of high inflation and low interest rates on investment, resulting in a negative real interest rate.
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Nigeria's Central Bank Denies Plan to Convert Funds in Domiciliary AccountsNigeria's central bank refutes media reports claiming a plan to convert funds in domiciliary accounts to naira. The bank aims to strengthen the Nigerian currency's value against the dollar and orders banks to sell excess dollar stock by February 1, 2024.
Source: GuardianNigeria - 🏆 1. / 94 Read more »