•Says rising pre-election spending may derail reforms •Raises Nigeria’s 2026 growth forecast to 4.3% •Projects 15.7% inflation rate for 2026 •44% of firms in Nigeria, Kenya adopt AI, power constraints threaten gains By Babajide Komolafe, Economy Editor The World Bank has warned that elevated fuel prices could slow Nige…

…dub it a “lost decade” for their economic growth. The bank has lowered its 2026 global growth forecast to its lowest level since the pandemic, with the economic fallout of the Iran war battering countries around the world. The shock has hit low-income and developing countries hardest, with Asia the worst-affected regio…

…in Nigeria The International Monetary Fund (IMF) has maintained Nigeria's economic growth forecast at 4.1 per cent for 2026, while warning that rising prices of essential goods are expected to worsen poverty and food insecurity across the country.In its July 2026 World Economic Outlook (WEO) Update released on Wednesda…