ifo Institute predicted GDP would rise 0.8 per cent this year based on an “escalation scenario” in the conflict between Iran and the United States.
UN secretary-general António Guterres has called on world leaders and business operators to work together to build resilience against global shocks.
An overall resilient world economy masks significant differences among countries and regions. Energy importers and countries with limited policy space are most vulnerable.
The NBS, on Monday, reported that Nigeria’s headline inflation rate rose slightly to 15.93 per cent in May 2026 from 15.69 per cent in April.
The World Bank’s latest report says the ongoing conflict in the Middle East is expected to slow global economic growth to its lowest level since the COVID-19 pandemic.
“In addition to many other elements of the agreement, the Strait of Hormuz will be opened,” he said.
In the first quarter of 2026, scores of Nigerians in the diaspora were caught in the web of crimes.
the UAE assured that the withdrawal would not affect the country’s commitment to energy market stability.
The call follows EU leaders’ meetings in Cyprus.
Nigerian banks regained eligibility to participate in the GSM-102 in late 2025.
