oil price impact Nigeria
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Afreximbank Warns External Shocks Threaten Nigeria’s Economic Outlook
Despite positive strides toward economic recovery and industrial self-reliance, Nigeria’s economy remains significantly vulnerable to external shocks, according to the latest Afreximbank Business Report released on Tuesday. The African Export-Import Bank projects that Nigeria’s Gross Domestic Product (GDP) growth will rise modestly from 3.4% in 2024 to 3.8% in 2025, buoyed largely by increased domestic […]