US Fed Official Defends Rate Pause Amid High Inflation
Federal Reserve Governor Philip Jefferson explains the reasoning behind holding interest rates steady while inflation remains above target. Get the inside story on the Fed's cautious approach.
Category : Search result: Enugu economy
France Rejects Wealth Tax Proposal in Budget Debate
French parliament votes against reinstating wealth tax during 2025 budget discussions, maintaining current tax policies that affect international economic relations.
Italy Demands ECB Cut Rates Over Strong Euro Crisis
Italian leaders pressure European Central Bank to slash interest rates as surging Euro threatens economic recovery. Analysis of global currency impacts.
Five Enugu Reps Defect from PDP to APC
In a stunning political realignment, five House of Representatives members from Enugu State have abandoned the Peoples Democratic Party for the All Progressives Congress, reshaping the state's political landscape ahead of crucial elections.
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.
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.
GSK boosts 2025 forecast amid Nigeria tariff reforms
British drugmaker GSK raises 2025 profit guidance as Nigeria's tariff reforms create favorable market conditions. Discover how this impacts healthcare costs and medicine availability.
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.
Contractors Threaten Protests Over Unpaid 2024 Projects
Indigenous contractors across Nigeria are threatening nationwide protests as Federal Government fails to pay for completed 2024 projects, creating financial crisis in construction sector.
Equinor's $251M Loss: Nigerian Oil Prices Plunge
Norwegian energy giant Equinor reports staggering $251 million quarterly loss as Nigerian crude prices tumble amid global market volatility. Discover how this impacts Africa's largest oil producer.
Belgium's Record Potato Harvest Boosts Nigerian Fry Quality
Belgium celebrates its largest potato harvest ever, promising better quality and more affordable fries for Nigerian consumers and businesses. Discover how this European farming success impacts West Africa's favorite snack.
Deutsche Bank Posts Record €5.7 Billion Profit
Germany's banking giant Deutsche Bank reports historic €5.7 billion profit driven by strong trading and investment banking performance in 2023.
Enugu Governor Seeks Protection for Local Manufacturers
Governor Peter Mbah calls for strategic safeguards to protect Nigerian manufacturers from unfair competition in international trade agreements, emphasizing job creation and economic growth.
Nigeria's $1 Trillion Economy Target Achievable - Bagudu
Nigeria's Minister of Budget and Economic Planning, Senator Abubakar Bagudu, has expressed strong confidence that the country can achieve its ambitious $1 trillion economy target by 2030 through strategic reforms and economic diversification.
Nigeria's Blue Economy: Sustainable Maritime Future
Federal government rallies marine engineers to harness Nigeria's vast ocean resources through sustainable practices and technological innovation for economic growth.
Lagos Blue Economy Strategy: Unlock Nigeria's Maritime Wealth
Experts reveal how adopting Lagos State's comprehensive blue economy framework could unlock Nigeria's massive maritime potential and transform coastal communities.
US Fed Signals Rate Cuts: Impact on Nigeria's Economy
The US Federal Reserve is preparing for interest rate reductions in its final 2024 meeting, setting the stage for economic shifts that could impact Nigeria's markets and inflation trends in 2025.
Sanusi: Delayed Subsidy Removal Caused Economic Crisis
Former CBN Governor Lamido Sanusi exposes how postponed fuel subsidy elimination triggered Nigeria's current economic hardship during Kaduna book launch.
NGX Loses N91bn as Investors Cash Out
The Nigerian Exchange witnessed significant profit-taking activities this week, resulting in a staggering N91 billion decline in market capitalization amid mixed trading sessions.
Judiciary Key to Nigeria's Tax Clarity - FIRS
FIRS Chairman Zacch Adedeji emphasizes judicial insight as crucial for resolving tax disputes and attracting foreign investment to Nigeria's economy.
FirstBank Redeems $350M Eurobond, Shows Financial Strength
Nigeria's premier banking institution, FirstBank, has successfully redeemed its $350 million Eurobond, demonstrating robust financial health and reinforcing investor confidence in the Nigerian banking sector.
Boko Haram Forced Jonathan to Keep Fuel Subsidy - Sanusi
Former CBN Governor Sanusi Lamido Sanusi reveals how Boko Haram insurgency compelled President Goodluck Jonathan to reverse fuel subsidy removal in 2012, exposing the intricate link between terrorism and economic policy in Nigeria.
21 Nigerian States Rely on FAAC for 70%+ Revenue
New fiscal data reveals alarming dependency on FAAC allocations across 21 Nigerian states, raising concerns about economic sustainability and governance.
Trump Heads to South Korea for Potential Xi Meeting
Former US President Donald Trump makes strategic move to South Korea, eyeing crucial meeting with China's Xi Jinping as global economic dynamics shift. Exclusive details inside.
Sanusi: APC Should Credit Jonathan for Economic Policies
Former Emir Muhammadu Sanusi II makes stunning declaration, saying current administration should acknowledge Goodluck Jonathan's economic contributions in latest political revelation.
Nigeria Finds Its Voice: Kebede Leads Sustainable Africa Push
Ethiopian visionary Gerishon Kebede leads groundbreaking initiative positioning Nigeria at the forefront of Africa's sustainable development movement, challenging global narratives.
Court Freezes Nestoil Assets in $1B Debt Case
Federal High Court issues Mareva injunction against Nestoil, freezing company assets amid explosive $1 billion debt case with Sahara Energy. Legal battle reveals corporate financial tensions.
16 Vessels with Petroleum Set for Lagos Ports Arrival
Significant economic boost expected as 16 vessels carrying petroleum products, general cargo, and containers prepare to dock at Lagos ports this week, enhancing Nigeria's supply chain.
Nigeria Aims for $1 Trillion Economy by 2030
Nigeria's Minister of Budget and Economic Planning, Abubakar Bagudu, has unveiled an ambitious roadmap to transform the nation into a $1 trillion economy by 2030 during high-level talks with European Union ambassadors in Abuja.
Stock Market Boom: Why Records Are Breaking Worldwide
Discover the surprising reasons behind global stock market surges and what it means for Nigeria's economy and investors in 2024.
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