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BUSINESS

World facing serious challenges, says Xi Jinping

Chinese President Xi Jinping on Thursday told leaders of BRICS emerging economies the world was facing “serious challenges” and urged the group to be a “stabilising force”. Xi was speaking on the final day of the BRICS summit in the Russian city of Kazan, a forum Moscow hopes will help forge a united front of nations against the West. Addressing assembled leaders, Xi said the “common march of the global […]

todayOctober 24, 2024 11

BUSINESS

Nigeria facing worsening economic crisis, says IMF

The International Monetary Fund has said stalled per-capita growth, poverty and high food insecurity have exacerbated the ongoing cost-of-living crisis in Nigeria. The report came amid rising inflation, exchange crisis, weak economic growth and business shutdowns. The global lender said this in a new report titled ‘IMF Executive Board Concludes Post Financing Assessment with Nigeria.’ According to the report, low revenue collection has hampered the provision of services and public […]

todayFebruary 12, 2024 34 1

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