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The Nexus
BUSINESSJun 29 · 12:31 UTCSEMAFORTiisetso Motsoeneng

Nigeria faces ‘highest’ inflation risk among emerging markets, S&P says

S&P warns Nigeria faces the largest inflation shock among emerging markets in 2024 due to higher energy and fertilizer prices linked to the Iran war and El Niño. The agency raised Nigeria’s inflation forecast to 16.9% and cut GDP growth to 3.7%, while South Africa’s central bank also raised interest rates amid similar economic strains.

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S&PorganizationNigeriaplaceIran wartopicEl NiñotopicSouth AfricaplaceStrait of Hormuz blockadetopic
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