Tag: Russia War on Ukraine

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank
January 10, 2024 No Responses

Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank

The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and...
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Russia-Ukraine Crisis Takes Toll On Nigeria’s Crude
November 9, 2023 No Responses

Russia-Ukraine Crisis Takes Toll On Nigeria’s Crude

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has provided insight into how the lingering conflict between Russia and Ukraine has impacted Nigerian crude oil inflows in the international oil market, leading to a dip in demand from the once-depend...
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Okonjo-Iweala Warns Of Global Food Crisis
June 9, 2022 No Responses

Okonjo-Iweala Warns Of Global Food Crisis

A food crisis kicked off by the Ukraine war could last for years without intervention, the head of the World Trade Organization has said. African countries could be hit especially hard by wheat and fertilizer shortages, WTO director-general Ngozi Okonjo-Iweala...
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World Bank: War In Ukraine Pushing Poverty Higher 
April 19, 2022 No Responses

World Bank: War In Ukraine Pushing Poverty Higher 

World Bank Group President, David Malpass has expressed concern over higher poverty rates in developing countries due to war in Ukraine and COVID-19 related shutdown.  A statement issued on Monday by the Bank quoted Malpass as making this known in hi...
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