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.
Category : Economy
Naira falls 0.39% against dollar, CBN to intervene
Naira depreciates to N1,448.03/$1 in official market as traders quote new rates. CBN expected to resume strong intervention to prevent further decline. Full analysis inside.
EU Probes Amazon, Microsoft Cloud for Stricter Rules
The EU is investigating Amazon Web Services and Microsoft Azure under the Digital Markets Act, which could lead to stricter competition rules for their cloud services. Discover the potential impact on the tech sector.
Nigeria's FX inflows fall to $672m despite naira strength
Nigeria's foreign exchange inflows dropped to $672.30 million despite naira strengthening in both official and parallel markets. Foreign portfolio investors remain key dollar suppliers as analysts warn of speculative risks.
Nigeria's Inflation Falls to 16.05% in October
Nigeria's inflation rate declines to 16.05% in October 2025, marking the seventh consecutive monthly drop. Food inflation shows significant improvement year-on-year.
Nigeria's Inflation Falls to 16.05% in October
Nigeria's inflation rate declines to 16.05% in October 2025, marking the seventh consecutive month of decrease. Food inflation shows significant improvement while urban areas face slight pressure.
Inflation Falls to 16.05% Amid Food Price Drop
Nigeria's inflation rate declines to 16.05% in October 2025 as food prices drop and naira strengthens. Farmers lament crashing prices while government nears 15% target.
Ebonyi ranks lowest in 2025 FAAC payouts
Ebonyi State received the lowest FAAC allocation of ₦112.19B between January-August 2025, highlighting Nigeria's revenue imbalance. Discover the states that got the most and least.
Inflation falls to 16.05% in October 2025
Nigeria's inflation rate drops to 16.05% in October 2025, marking the lowest level since 2017. Discover how food prices and policy changes are driving this positive trend.
Nigeria's Inflation Falls to 16.05% in October
Nigeria's inflation rate declines to 16.05% in October 2025, marking seventh consecutive month of decrease. Food prices show moderation. Read latest economic update.
Nigeria's $14.23bn Sanitation Economy by 2030
Vice President Shettima urges accelerated action to tap Nigeria's $14.23 billion sanitation economy potential by 2030. Learn how this impacts public health and national development.
EU cuts 2026 eurozone growth forecast over trade tensions
The EU has revised its 2026 eurozone growth forecast down to 1.2% due to global trade tensions. Inflation is expected to fall below the ECB's target. Discover the full economic impact.
EU Lowers Eurozone 2026 Growth Forecast Due to Trade Risks
European Commission revises eurozone growth downward to 1.2% for 2026 as trade tensions persist. Inflation expected to rise to 1.9%. Stay informed on economic developments.
Swiss economy contracts 0.5% from US tariffs
Switzerland's economy contracted by 0.5% in Q3 2025 due to high US tariffs, but recent deal lowers rates to 15% and brings $200 billion investment. Read the full analysis.
Naira falls against dollar despite rising FX reserves
Naira depreciates to N1,442.43/$1 in official market as foreign exchange demand increases ahead of festive season. Nigeria's FX reserves climb to $43.5 billion - the highest level in six years.
Japan-China dispute sinks tourism stocks, threatens economy
Japanese tourism stocks plunge as China warns citizens against travel amid political tensions over Taiwan comments. Chinese tourists spent $3.8 billion in Japan last quarter.
Expert: Nigeria must break systemic poverty barriers
Economic experts warn Nigeria must reform its power sector, strengthen capital markets, and overhaul institutions to escape systemic poverty and achieve prosperity.
CBN Sells $50m to Banks as Naira Falls Amid Dollar Demand
Central Bank intervenes with $50 million FX sale to Access, Zenith, UBA amid naira volatility. Naira falls to N1,472/$ in parallel market despite reserves growth. Read latest analysis.
Budget Coffee Chain LAP Sparks Berlin Backlash
German coffee startup LAP faces protests in Berlin over €2.50 cappuccinos and gentrification concerns. Discover how this budget chain is changing the city's cafe culture.
Venezuela Hyperinflation Crisis: IMF Projects 548% in 2025
Venezuela faces return to hyperinflation with IMF projecting 548% inflation for 2025. Citizens struggle as bolivar collapses and US sanctions bite. Read full analysis.
Senator Warns US Losing Clean Tech Race to China
US Senator Sheldon Whitehouse claims Trump's policies are causing America to fall behind China in solar, wind, and EV technologies. Read the full analysis.
Naira gains as external reserves reach $43.4 billion
Nigeria's naira recovers against USD, trading at N1441 after external reserves surge to $43.4bn. Market sentiment improves as blocked funds decline. Read latest FX updates.
Germany approves €98 billion debt for 2026 budget
German parliament approves revised 2026 budget with €98 billion borrowing for economic relief and military spending. Chancellor Merz unveils industrial power price cuts.
Cartier Owner Richemont Reports €10.6B Sales Amid Asia Recovery
Swiss luxury group Richemont, owner of Cartier, reports strong €10.6 billion sales driven by jewellery demand and Asian market recovery. Discover how luxury sector navigates economic challenges.
China Retail Sales Growth Slowest in Over a Year
China's retail sales grew at just 2.9% in October 2025, the slowest pace in over a year, highlighting persistent consumer challenges. Discover the economic implications.
Trump Eyes $2,000 Checks, 50-Year Mortgages
Facing economic pressure, President Trump proposes $2,000 dividends and 50-year mortgages. Will these ideas address cost-of-living concerns? Read more.
Mexico Auto Industry Fears US-China Tariff Impact
Mexico's massive car industry fears US tariff war will disrupt essential Chinese parts supply, threatening a key export sector. Learn how this impacts global trade.
Google's $40M Support Package for SA Media
Google agrees to pay R688 million to South African news outlets after competition watchdog investigation. Deal includes funding for local content and AI innovation.
UK Economy Slows to 0.1% Growth Before Budget
UK economic growth slowed to 0.1% in Q3 2025 as unemployment rose to 5.0%, putting pressure on Labour government ahead of crucial budget announcement. Learn more.
Naira falls to 10-day low against US dollar
Naira reverses gains, crashing to N1,443.08 against USD in official market. Third straight day of losses as mid-month demand pressures mount. Read full analysis.
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