Nigeria Not Among World's 30 Most Miserable Nations
Nigeria is excluded from the 2024 list of the world's 30 most miserable countries, per the Okun's Misery Index. Discover what this means for the nation's economy.
Category : Economy
Edun Contradicts Tinubu on 2025 Revenue Figures
Finance Minister Wale Edun reveals a N30 trillion revenue shortfall, contradicting President Tinubu's claim of meeting the 2025 target. Details on the budget deficit and borrowing plans inside.
Germany Imposes Tougher Penalties for Job Seekers
Germany's coalition government overhauls unemployment benefits, introducing stricter penalties for job seekers who refuse work or miss appointments. The reform aims to boost employment amid economic downturn.
Naira Rate Gap Widens as Dollar Demand Rises
The exchange rate gap between Nigeria's official and parallel markets widened to N25 as the naira depreciated. Discover the causes and CBN's response to the seasonal dollar demand surge.
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German Business Confidence Falls to 7-Month Low
German business sentiment dropped for a second month in December, hitting its lowest point in seven months. The industrial slump and weak Christmas sales signal a bleak economic end to 2025. Read more.
ACCI Urges FG to Prioritise Security for Business Survival
The Abuja Chamber of Commerce warns that insecurity is crippling businesses. President Emeka Obegolu calls for urgent action on ranching and illegal mining to stimulate economic growth.
NLC: Nigerian Workers' Crisis Worse Than Civil War
The Nigeria Labour Congress warns that financial insecurity is crippling workers, with real wages declining. Urgent government action is needed to stabilise the economy and protect incomes.
DMO to States: Comply with Fiscal Responsibility Act on Loans
The Debt Management Office has urged state governments to strictly adhere to the Fiscal Responsibility Act when borrowing. DMO DG Patience Oniha says compliance is non-negotiable for sustainable public finance. Read more.
FG Plans Raw Export Ban to Strengthen Local Economy
The Federal Government pins economic hopes on a new law banning raw material exports, aiming to create jobs and value. Experts warn a weak STI ecosystem could derail the plan. Read more.
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France Adopts Budget, Suspends Pension Reform
French parliament approves social security budget, suspending the unpopular pension age hike. Prime Minister Lecornu races to finalise the 2026 spending plan. Read the full details.
US Jobless Rate Climbs to 4.6%, Highest in Four Years
US unemployment rose to 4.6% in November, its highest level since 2021, as the economy lost 105,000 jobs in October. Read the full analysis of the cooling labour market and its global implications.
CBN's $250M Intervention Lifts Naira in Forex Market
The Naira rebounds as CBN injects $250 million into the forex market, narrowing the gap between official and parallel rates. Read the full analysis of the intervention's impact.
Kushner's $880m Belgrade Hotel Plan Scrapped After Protests
A major hotel project in Belgrade linked to Jared Kushner has been abandoned. Serbia's President blames a 'witch hunt' and corruption allegations for scaring off the investors. Discover the full story.
Food Inflation Plunges to 11.08% as Prices Crash
Nigerians rejoice as food prices drop for five consecutive months. Inflation falls to 15.45%, with staples like rice and garri becoming more affordable. Read the full analysis.
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FG, States, LGs Share N1.9trn as FAAC Allocation Drops
The Federation Account Allocation Committee (FAAC) distributed N1.928 trillion for November 2025, a significant drop from October. See the full breakdown for FG, states, and LGs.
Bank of Japan Set for Major Rate Hike to 30-Year Peak
The Bank of Japan is expected to raise interest rates to their highest level since 1995, a move that could intensify debt market volatility and impact the weak yen. Read the full analysis.
EU to Scrap 2035 Combustion-Engine Car Ban
The EU is poised to abandon its 2035 ban on new petrol and diesel cars, replacing it with a 90% emission cut target. This major shift aims to support Europe's carmakers facing Chinese competition and slow EV adoption.
Vietnam's Toxic Plastic Recycling Villages Exposed
In Vietnam's recycling villages, workers face severe health risks from toxic pollution while processing 1.8 million tonnes of plastic waste annually. Discover the hidden cost of the global waste trade.
West Bank's 'White Gold' Quarries Struggle Amid Economic Woes
Despite severe economic crisis and Israeli restrictions, Jerusalem stone quarries in the West Bank remain a vital lifeline, employing thousands and facing an uncertain future. Discover the resilience and challenges.
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FAAC Revenue Falls by N428bn, N1.93trn Shared
FAAC reports a sharp N427.969bn drop in November revenue, sharing N1.93 trillion among FG, states, and LGs. Key taxes see substantial declines. Read the full breakdown.
Ekiti Workers Queue at 3am for 2kg Gas Donation
Businessman Isaac Fayose decries poverty in Ekiti, as civil servants queue from 3am for donated 2kg gas. He says the state is now a 'Fountain of Poverty'. Read more.
Nigeria's Inflation Rate Drops to 14.45% in November
Nigeria's inflation rate fell to 14.45% in November 2025, marking the eighth consecutive decline this year. The NBS report shows food prices remain the main driver. Read the full analysis.
Inflation Falls to 14.45% in November 2025
Nigeria's inflation rate declined to 14.45% in November 2025, down from 16.05% in October. Read the full NBS report on food and core inflation trends across states.
Nigeria's Inflation Eases to 14.45% in November
Nigeria's headline inflation rate fell to 14.45% in November 2025, a significant drop from 16.05% in October. The National Bureau of Statistics attributes the moderation to CPI rebasing. Read the full analysis.
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Inflation Falls to 14.45% in November 2025
Nigeria's inflation rate declined to 14.45% in November 2025, a significant drop from October. The NBS CPI report details the monthly and yearly trends, including food and core inflation figures across states.
CBN Injects $250M to Stabilise Naira as Reserves Hit $45.4B
The Central Bank of Nigeria intervenes with $250 million to ease dollar scarcity and steady the naira. Nigeria's FX reserves rise to a six-year high of $45.44 billion, strengthening the CBN's hand. Read the full analysis.
China's Retail Growth Slows to 3-Year Low Amid Trade War
China's retail sales grew at the slowest pace in nearly three years in November, data shows. Weak domestic demand contrasts with strong exports, highlighting economic challenges. Read the full analysis.
Naira resilient despite festive dollar demand surge
The Nigerian naira shows resilience against heightened US dollar demand during the festive 'Detty December' season. CBN's external reserves rise to $45.44 billion, providing crucial support. Experts analyze market dynamics and future outlook.
Untapped Women's Talent Costs Global Economy $12 Trillion
Expert warns Nigeria's growth is unsustainable without women. Closing gender gaps could add $12 trillion to global GDP. New foundation launched in Abuja to drive change.
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FG Opens New Funding for Imo Small Business Owners
Vice President Kashim Shettima announces new BOI and DBN funding windows for Imo SMEs at the 2025 Economic Summit, aiming to boost production and job creation.
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