Tribal Chief Raoni to Confront Lula Over Amazon Oil
Indigenous leader Raoni Metuktire vows to give President Lula a 'talking-to' about controversial Amazon oil exploration and deforestation concerns at COP30.
Category : Economy
US stops penny production after 232 years
The United States has minted its last circulating penny, ending 232 years of production. Discover why this cost-saving move matters and what happens next to your coins.
Naira Gains as Pound Sterling Falls Below N2,000 Mark
Nigerian naira strengthens significantly against British pound, dropping below N2,000 in both official and parallel markets. CBN reforms drive currency stability as forex reserves hit $43.34 billion.
German experts cut 2026 GDP forecast to 0.9%
German economic experts criticize the government's €500bn spending plan, warning it will provide only a minor boost to the struggling economy. They have cut the 2026 GDP growth forecast to 0.9%. Read more for the full analysis.
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Nigeria Launches Talent Accelerator for Youth Jobs
Nigeria launches Talent Accelerator Network to close skills gaps and create millions of jobs in technology and green industries. Learn how this initiative will transform the workforce.
First G20 Summit in Africa: 5 Key Facts
Johannesburg hosts the historic G20 summit, marking its first African edition. Explore key priorities, US boycott, and global implications. Read more now!
Bangladesh Liquor Industry Thrives in Muslim Nation
Carew and Co, Bangladesh's only licensed distillery, reports record $10M profit despite operating in Muslim-majority country. Alcohol sales restricted to permit holders.
Guinea launches massive Simandou iron ore mine
Guinea officially launches production at Simandou, one of the world's largest iron ore mines. The $20 billion project promises economic transformation and thousands of jobs for the West African nation.
Naira Exchange Rate Stable Amid FX Reserve Growth
Nigerian naira shows minimal movement across forex markets as external reserves reach $43.34 billion. Expert analysis reveals stability outlook amid fluctuating dollar supply.
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Ghana Raises Minimum Wage to GH₵21.77 Daily
Ghana's government approves 9% salary increase for public sector workers and raises daily minimum wage to GH₵21.77 effective January 2026 to ease living costs.
Nigeria's 2025 Borrowing Exceeds Target by 55.6%
Federal Government borrowing hits ₦17.36 trillion, surpassing 2025 target by 55.6%. Experts warn of debt trap risks and economic consequences. Read full analysis.
$500m World Bank Loan for Nigerian MSMEs via DBN
Federal Government secures $500 million World Bank loan for MSMEs through DBN. Learn how this impacts small businesses and Nigeria's economy.
Nigeria, IMF Discuss Reforms & New Development Plan
Nigeria and the IMF held talks on economic reforms and the new National Development Plan. The government also approved new policies to revolutionise the civil service.
Maasai Fear VW Carbon Credit Scheme Threatens Heritage
Tanzania's Maasai community faces potential destruction of their ancestral way of life through Volkswagen's carbon credit initiative, dismissed as greenwashing by experts. Discover the full story.
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Naira falls to N1,436.58 as CBN intervenes with $50m
The Nigerian naira depreciated by ₦15 against the US dollar amid global tensions and CBN's $50 million intervention. Discover the market impact and expert outlook.
Nigeria Tops Africa in Currency Volatility
Olisa Agbakoba reveals Nigeria's naira has one of Africa's worst currency performances with 40% depreciation in 2024. He proposes three reforms to unlock 1.5 quadrillion naira in economic value.
COP30 Nations Propose Luxury Flight Tax on Elite
France, Spain and Kenya lead coalition at COP30 summit pushing for new taxes on business class, first class and private jets to make wealthy pay fair share for climate impact. Read more.
CBN Cuts Customs Rate to N1,421/$
The Central Bank of Nigeria has reduced the customs exchange rate to N1,421.23/$, lowering import costs. This reflects the Naira's ongoing appreciation in the forex markets.
Norway's $2.1T Fund: Ukraine Rescue Plan?
Norway, enriched by war, faces calls to use its $2.1 trillion sovereign fund to guarantee a massive €140B loan for Ukraine. Discover the moral and economic debate.
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Nigeria's reserves to hit $45bn after Eurobond success
Nigeria's foreign reserves are projected to reach $45 billion by December 2025 following a massively oversubscribed $2.3 billion Eurobond issuance, boosting the naira's performance.
Nexperia chip exports resume for German auto supplier
A German auto supplier, Aumovio, has secured a license to resume exports of critical Nexperia chips from China, signaling a de-escalation in a trade dispute. Read the full details.
Nigeria's Foreign Reserves Reach $43.3B Peak
Nigeria's external reserves surge to $43.3 billion, highest since 2018, as naira appreciates to N1,436.74/$1. Discover how this strengthens Nigeria's economic position.
Serbia fast-tracks army HQ demolition for Trump hotel
Serbia's parliament approves urgent demolition of bombed military headquarters for Jared Kushner's luxury hotel project, sparking public division and heritage concerns.
Naira Makes Africa's Top 10 Best-Performing Currencies
Nigeria's naira appreciated 3.4% in October 2025, ranking among Africa's 10 best-performing currencies. Discover the factors behind this impressive recovery and the full list of top currencies.
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Inside Germany's secret rare earth treasure chest
Explore Germany's hidden WWII bunker safeguarding rare earths vital for tech. With China controlling 92% of production, Europe faces a critical supply dilemma. Discover the strategic response.
Nigeria Cements Climate Leadership as COP30 Starts
Nigeria reinforces its position as West Africa's climate action pioneer with ambitious environmental policies and regional collaboration initiatives as world leaders gather for COP30.
FG Plans Transparent Transport System, May Unbundle NRC
The Federal Government announces sweeping reforms for Nigeria's transport sector, focusing on transparency and potential unbundling of the Nigerian Railway Corporation to boost efficiency and economic growth.
Trump Unveils Plans to Cut Weight-Loss Drug Costs
Former President Donald Trump announces groundbreaking initiatives to reduce costs of popular weight-loss medications, potentially transforming healthcare access for millions.
Nigeria gets $400M World Bank boost for IDPs, healthcare
Nigeria secures massive $400 million World Bank funding to support Internally Displaced Persons and revolutionize Sokoto State's healthcare system, signaling strong economic recovery.
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N100,000 Grant for Petty Traders: Apply Now!
Federal Government launches new portal for petty traders to apply for N100,000 grant. Batch C beneficiaries list released. Application process simplified for small business owners across Nigeria.
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