In a startling turn of events, the United Nations food agency’s rice price index surged by 2.8% in July, marking its highest level in almost 12 years. The sharp increase has been…
In a series of significant developments, British Foreign Minister James Cleverly concluded a productive four-day visit to Africa, sealing pivotal agreements with Zambia aimed at fostering cooperation in clean energy and critical…
As the global economy continues to evolve, one crucial metric stands tall as a key indicator of a nation’s economic health: Gross Domestic Product (GDP). GDP is an essential tool used by…
In a move that has sent shockwaves through the global food markets, India, the world’s largest rice exporter, has ordered a halt to its largest rice export category. The decision to ban…
During S&P Global’s emerging market conference in London, one of the firm’s top sovereign rating analysts, Frank Gill, highlighted the positive economic policy developments in Nigeria and Kenya. Gill also, however, expressed…
Nigeria’s average daily petrol consumption has experienced a remarkable 28% decline since President Bola Tinubu made the crucial decision to eliminate the popular yet financially burdensome fuel subsidy at the end of…
According to a recent study conducted by the Atlantic Council, digital currencies have garnered significant attention worldwide, with 130 countries, representing 98% of the global economy, currently exploring the development of their…
Nigeria’s economy faces a significant hurdle as annual inflation rose to 22.41% in May, up from 22.22% the previous month, according to the National Bureau of Statistics (NBS). The country’s largest contributors…
In a remarkable turn of events, Nigeria’s banking index witnessed an astounding surge of 23%, propelling it to a level not seen in over two decades. This surge took place on Wednesday…