Category : Economy


Italy Court Blocks Sicily Bridge, PM Meloni Outraged

Italy's administrative court halts controversial Messina Strait Bridge project, triggering furious response from Prime Minister Giorgia Meloni who vows to continue fighting for the infrastructure development.

Nigeria's Economy Improving, Nearing Stability - IWG

Nigeria's economic outlook shows promising signs of improvement as the Inflation Working Group manager confirms the economy is approaching stability with reduced inflation and strengthened Naira.

Xi-Trump Talks: Nigeria Economy Impact Analysis

Recent phone discussions between Chinese President Xi Jinping and former US President Donald Trump generate hopeful signals for China-Africa trade partnerships, with Nigerian economists watching closely for potential benefits.

Eurozone Growth Beats Expectations in Q1 2024

The Eurozone economy has delivered a powerful performance, exceeding all forecasts with stronger-than-expected growth in the first quarter of 2024, driven by Germany's recovery and resilient consumer spending.

Naira Soars to 10-Month High Against Dollar

The Nigerian Naira experiences remarkable recovery, reaching its strongest position in 10 months as dollar exchange rates plummet across official and parallel markets.

G7 Moves to Counter China's Critical Minerals Dominance

World's wealthiest economies unite to counter China's dominance in essential minerals powering electric vehicles and clean energy technologies. Discover how this global shift could create new opportunities for Nigeria's mining sector.

Bank of Japan Maintains Zero Interest Rates

The Bank of Japan maintains ultra-low interest rates while signaling potential future hikes as yen weakness and inflation concerns persist. Get the latest analysis on Japan's monetary policy direction.

ECB Holds Rates Steady Amid Inflation Concerns

European Central Bank maintains interest rates despite inflation concerns. Analysis of how this decision impacts Nigeria's economy, trade relations, and the global financial landscape.

US Government Shutdown Threatens Economic Data Blackout

The potential US government shutdown threatens to halt crucial economic data releases, leaving investors and policymakers in the dark during economic uncertainty. Federal agencies prepare for closure as Congress struggles to reach funding agreement.

Samsung Profits Jump 32% in Q1 2024

Samsung Electronics reports impressive 32% profit surge in first quarter 2024, driven by AI boom and memory chip recovery. Find out how the Korean tech titan is beating expectations.

Trump-Xi G20 Meeting: Trade War Truce in Sight?

World leaders anxiously await the outcome of crucial Trump-Xi talks at G20 summit as both economic giants seek resolution to damaging trade conflict affecting global markets.

Dangote: Naira to stabilize by 2025

Aliko Dangote shares crucial insights on Nigeria's currency crisis, predicting when the Naira will stabilize against the dollar and offering practical advice for businesses and individuals.

Nigeria Debt Crisis: Citizens Owe ₦100,000+ Each

Shocking new data reveals Nigerian states' debt burden has skyrocketed, with Lagos and Edo citizens bearing the heaviest load. Discover how this affects everyday Nigerians and what it means for the economy.

Nigeria Reps Approve Tinubu's $2.34B Loan Request

The Nigerian House of Representatives has approved President Bola Tinubu's request to borrow $2.34 billion and €100 million from international lenders to fund critical infrastructure projects and support the 2024 budget.

Naira Surges: Dollar Crashes to 2025 Low

BREAKING: Nigerian Naira stages dramatic recovery against US Dollar in forex markets. Expert analysis reveals what's driving this unexpected turnaround and what it means for your money.

BASF Profit Dips 37%, Demands EU Cut Red Tape

German chemical company BASF reports significant profit drop, calls on European Union to reduce bureaucratic hurdles affecting business competitiveness in latest earnings report.

Mercedes Profit Plunge: Nexperia Chips Assured

Mercedes-Benz reports significant profit drop while reassuring investors about Nexperia chip supplies. Latest financial results show 30% EBIT decline as luxury car market faces headwinds.

Africa Set to Dominate Global Carbon Trade Market

Presidential aide Ajuri Ngelale reveals Africa's strategic positioning to capture significant share of $3 trillion global carbon market, emphasizing Nigeria's leadership role in climate action and economic transformation.

Nigeria's $1 Trillion Economy Target Now Within Reach

Minister of Industry, Trade and Investment Doris Anite announces Nigeria's ambitious $1 trillion economy target is more achievable than ever, citing recent economic reforms and investor confidence.

FG Expands ₦75,000 Cash Transfer to 75M Nigerians

Federal Government intensifies poverty alleviation efforts, extending cash transfers to 75 million Nigerians facing economic challenges. New payment structure and expanded beneficiaries announced.

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