COP30 Ends with Watered-Down Climate Deal
UN climate summit in Brazil concludes with diluted agreement on fossil fuels. EU accepts voluntary measures as developing nations demand more climate finance. Read the full analysis.
Category : Economy
Funding, not skill, is rail's biggest hurdle - Opeifa
NRC MD Dr. Kayode Opeifa identifies chronic underfunding as the greatest challenge for Nigeria's rail sector, calling for a paradigm shift in government investment.
4 Economic Policies Tinubu Suspended After Backlash
President Tinubu's administration suspended 4 major economic policies following public outcry. Learn about the reversed decisions and their impact on Nigeria's economy.
IMPI: Nigeria's PMI Expansion Cuts Inflation to 16.05%
IMPI reveals Nigeria's PMI expansion for 11 months straight has driven inflation down to 16.05%. Think tank maintains 14% year-end projection and expects MPC rate cut. Read full analysis.
US sanctions hit Lukoil's Bulgaria refinery operations
Bulgaria takes control of Lukoil's Neftochim refinery to avoid US sanctions. Learn how this affects fuel supply in Southeast Europe and the search for new buyers.
Europe's Economy Vulnerable to Shocks: ECB Chief
ECB President Christine Lagarde warns Europe's export model is faltering amid US tariffs and AI competition. Urgent reforms needed to boost resilience.
Naira Recovers Against Dollar as FX Reserves Soar
Naira strengthens against US dollar after recent decline, closing at N1,452.13. Nigeria's foreign reserves hit $46.7 billion, highest in 7 years. Traders expect continued volatility despite positive indicators.
Japan PM Takaichi defends $135bn stimulus package
Japanese Prime Minister Sanae Takaichi insists the $135 billion stimulus is fiscally responsible despite market concerns. Includes energy subsidies and tax cuts to combat inflation.
COP30 Fossil Fuel Showdown After Dramatic Fire
UN climate talks in Brazil reach final day with countries split on fossil fuels after venue fire forced evacuation. Nigeria among nations rejecting phase-out roadmap.
Lagos Raises ₦339bn in Record Bond Issuance
Lagos State makes history with Nigeria's first sub-national green bond, raising ₦339 billion in oversubscribed issuance that demonstrates strong global confidence in state economy.
US Unemployment Climbs to 4.4% Despite Job Growth
US unemployment rate increased to 4.4% in September despite adding 119,000 jobs. Delayed government report reveals mixed economic signals amid Federal Reserve policy decisions.
EU Bans 'Sustainable' Label for Fossil Fuels
The EU moves to stop fossil fuel investments from being labelled 'sustainable'. Learn how this new three-tier system aims to combat greenwashing and protect investors.
N2.94 Trillion Shared by FG, States, LGs in October
FAAC disbursed N2.94 trillion to federal, state, and local governments in October 2025, marking a slight decrease from September. Discover the full revenue breakdown and its implications.
Spanish Court Orders Meta to Pay €479M to Media
A Spanish court has ruled that Meta must pay local media €479 million for unfair competition by violating data rules. This landmark case impacts global media survival.
Naira falls to N1,454/$ despite $46.7bn FX reserves
Naira declines against US dollar despite Nigeria's foreign reserves reaching $46.7bn, a seven-year high. CBN Governor confirms economic improvements amid inflation slowdown. Read more.
Nigeria's Development Status: Facts and Figures
Comprehensive analysis reveals Nigeria remains a developing country with ₦1.2 million GDP per capita despite being Africa's largest economy. Learn key development indicators.
LCCI Raises Alarm Over Nigeria's Rising Food Inflation
LCCI Director General Dr Chinyere Almona expresses concern over Nigeria's persistent food inflation despite cooling headline rates. Urgent government action needed to improve food security.
Memory Chip Crunch to Increase Gadget Prices
Shoppers face higher prices for phones and laptops as AI data centers consume memory chips. Experts warn of significant price increases through 2026. Learn how this affects Nigerian consumers.
Nigeria at Risk of Debt Crisis, Experts Warn
Financial experts warn Nigeria risks another debt crisis without urgent reforms. Learn about the critical measures needed to stabilize the economy and prevent financial distress.
Fed Officials Resist December Rate Cut Amid Pressure
Federal Reserve minutes reveal most officials oppose December rate cut, creating tension with President Trump who wants lower rates. Key economic data remains uncertain.
EU Delays Deforestation Rules to 2026 After Opposition
EU member states approve one-year delay to anti-deforestation regulations, pushing implementation to end of 2026 amid business concerns. Environmental groups condemn the move.
China, Netherlands Resolve Nexperia Chip Dispute
The Netherlands suspends takeover of Chinese-owned Nexperia in goodwill gesture. China welcomes move as first step to resolve semiconductor supply chain tensions. Read latest developments.
German Rail Project Stuttgart 21 Faces New Delay
Germany's massive Stuttgart 21 rail project faces indefinite delays due to technical issues, with costs doubling to €11 billion. Discover the infrastructure challenges plaguing Europe's largest economy.
Dutch suspend Nexperia takeover in China goodwill move
The Netherlands has suspended its proposed takeover of Chinese-owned chip maker Nexperia as a goodwill gesture toward Beijing. Learn how this decision affects global chip supply chains.
Africa's First G20 Summit: 5 Key Facts
Johannesburg hosts Africa's inaugural G20 summit amid global tensions. Learn about South Africa's priorities, US boycott, and the event's significance for the continent.
South Africa Hosts G20 Summit as US Boycotts Event
South Africa hosts crucial G20 summit focusing on debt relief for developing nations as US President Trump boycotts. Key discussions on climate financing and global inequality.
Reps Speaker Urges Nigerians to Buy Local Goods
House of Representatives Speaker calls for a shift to domestic production, highlighting the Nigeria First Policy and potential for 5 million new jobs by 2030 to revive the economy.
COP30 Draft Deal Lands as Lula Returns to Climate Talks
Brazil presents first draft climate agreement at COP30 as President Lula returns to push for deal. Key issues include climate finance, fossil fuels, and trade measures.
Nigeria's Economic Crisis: 13 Problems & Solutions
Comprehensive analysis of Nigeria's economic challenges including inflation, unemployment, and corruption with expert solutions for sustainable growth and development.
Eurogroup Chief Quits for World Bank Senior Position
Pascal Donohoe resigns as Eurogroup head to become World Bank managing director, dealing a blow to Ireland's governing coalition ahead of crucial by-elections.
Page 7 of 14