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.
Category : Economy
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.
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.
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.
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.
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.
Macron warns China on EU tariffs over trade deficit
French President Emmanuel Macron has warned China of potential EU tariffs if it fails to reduce its massive trade surplus with Europe. He calls it a 'life and death' issue for European industry.
Naira Drops to N1,454/$1 Amid Festive Dollar Demand
The Nigerian naira weakened against the US dollar, closing at N1,454/$1 as festive season demand spikes. CBN data shows a weekly decline, though rising reserves offer hope. Full analysis inside.
Divided US Fed Faces Contentious Rate Decision
The US Federal Reserve's final 2025 meeting is marked by internal conflict over a potential third interest rate cut, with a key data shortage complicating the decision. Read the full analysis.
Bagudu: Youth Skills Key to $1 Trillion Economy by 2030
Minister Bagudu says Nigeria can hit a $1 trillion economy by 2030, but only if its booming youth population is equipped with critical skills. He warns the opportunity is time-sensitive.
Lagos to Deepen Evidence-Based Planning for 2026 Budget
Lagos State government reaffirms commitment to data-driven budgeting and economic planning to unlock emerging sectors for a resilient and prosperous economy. Learn about the key strategies.
US Inflation Data Shows Consumer Strain Before Holidays
Fresh US inflation data reveals a 2.8% rise in September, putting pressure on consumers as the festive season peaks. The Fed faces a key rate decision amid mixed economic signals. Read the full analysis.
Tinubu's Wife Gives N200k Grants to 9,500 PWDs
Nigeria's First Lady, Oluremi Tinubu, has empowered 9,500 persons with disabilities with N200,000 business grants each. The initiative, launched on International Day of PWDs, is part of the Renewed Hope Initiative.
Naira Falls as CBN Releases New FX Rate, Gap Widens
The Naira faced fresh pressure on Thursday, depreciating in both official and parallel markets. The Central Bank of Nigeria's new rate shows a widening gap with the black market. Read the full analysis.
Lagos Named Nigeria's Most Business-Friendly State
Lagos State leads Nigeria's 2025 Subnational Ease of Doing Business ranking with an 85.6% score. Discover the top states and federal MDAs driving reform.
Boris Johnson, Ban Ki-moon, Dangote Attend Imo Summit
Imo State hosts a high-profile Economic Summit with global leaders like Boris Johnson and Aliko Dangote. Dangote announces major fertilizer investment plans. Discover the key outcomes.
German Factory Orders Rise More Than Expected
German industrial orders surged 1.5% in October, far exceeding forecasts. The rise, driven by defence procurement, signals a potential bottom for Europe's largest economy. Read the full analysis.
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