Tag: Middle-East crisis

‘M’East war may push 20m Africans into food insecurity’ – IMF 

Aminu Imam
IMF

The International Monetary Fund (IMF) has warned that a 20 per cent rise in international food prices caused by the war in the Middle-East could push more than 20 million people in sub-Saharan Africa into food insecurity and leave two million children under the age of five acutely malnourished. The warning came as the IMF said the conflict is threatening to derail the economic gains recorded across the region after sub-Saharan Africa entered 2026 with its strongest growth momentum in a decade. According to the IMF, the region recorded a…

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M’East Tension: Petrol prices soar, could hit ₦2,000/litre

Aminu Imam
Petrol prices to soar

…NLC, stakeholders calls for relief measures Nigeria is facing mounting pressure to implement economic relief measures as the ongoing conflict between the United States and Iran pushes global crude oil prices higher, causing petrol costs across the country to surge to unprecedented levels. Industry operators, economists, labour unions, and private sector leaders have called on the Federal Government to channel expected windfalls from rising oil prices toward cushioning citizens and businesses from the financial shock. Without intervention, soaring fuel costs are expected to exacerbate inflation and deepen economic hardship. Petrol…

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