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World
Book “Spare” by Harry Sells a Record-Breaking 1.4 Million Copies On…
According to the publisher, Prince Harry's book "Spare" broke Penguin Random House's sales record by selling 1.4!-->…
Following a Fed Inflation Nudge, Global Shares Decline.
The first decline in global shares in three days occurred as a result of remarks made by two Federal Reserve!-->…
IMF: One-third of The Global Economy will Experience A Recession.
In 2023, a third of the world will experience a recession, according to the International Monetary Fund. This!-->…
Nigeria’s Foreign Portfolio Shows a $2.08 billion Deficit.
In spite of a challenging economic climate marked by currency issues and a decline in investor confidence,!-->…
The IMF Claims that Global Debt is Still Significantly Higher than Pre-pandemic…
The IMF reported that overall public and private debt declined by 10 percentage points to 247% of global gross!-->…
Super Central Bank Week Pressures Crypto Market.
Following its last six significant rate increases in 2022, the US Federal Open Market Committee (FOMC) declared!-->…
Despite Global Headwinds, Remittances Grew by 5% in 2022.
Remittances to low- and middle-income countries increased by an estimated 5% to $626 billion in 2022. Remittances!-->…
Global Central Bank Push for Rate Increase.
Central banks overseeing six of the 10 most heavily traded currencies delivered 350 basis points (bps) of rate!-->…
According to the ILO, Global Unemployment is Worsening.
According to the latest edition of the International Labour Organization Monitor on the World of Work,!-->…
The World Population will Surpass 8billion, with India Surpassing China.
World Population Prospects 2022, published on World Population Day, estimates that the world's population would!-->…
Nuclear Plant Site in Ukraine is Rocked by Explosions.
The Zaporizhzhya Nuclear Power Plant (ZNPP) in Ukraine saw powerful explosions that "abruptly ended a period of!-->…
Oil Tanker being Held in Equatorial Guinea Heads Back to Nigeria.
A spokesperson for the Nigerian Navy told Reuters that an oil super tanker that had been suspected by the!-->…
Climate Change: UK Commits £200million to Nigeria and Others.
The African Development Bank's Climate Action Window will get £200 million in support from the UK, according to!-->…
The World Bank Anticipates an 11% Drop in Energy Prices in 2023.
The World Bank predicts that energy prices would decline by 11% in 2023; this is due to a 60% increase this year!-->…
Ghana’s Cedi Ranks Last in the World Against the Dollar.
As speculators continued to force foreign cash into the west African nation prior to an agreement with the!-->…
“Japa”: The UK is Considering Stricter Regulations as Nigerians Bring…
According to the UK, there may be a cap on the number of relatives immigrants are to bring to the country.
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W’Bank Forecasts Nigerian Debt Service and Revenue At 102%.
The growing debt service-to-revenue ratio in Nigeria, according to the World Bank, is a cause for concern.The bank!-->…
World Bank Warns That Rate Increases Could Lead To A Recession.
Nigeria and other developing nations have been cautioned by the World Bank Group that raising interest rates!-->…
World Bank Contributes $30bln To Offset Food Shortages Worsened By War In Ukraine.
According to a senior bank official, the World Bank is prepared to contribute up to $30 billion; this is to help!-->…
World Bank Distributes $31.7billion, Gives $700million To Nigeria.
The World Bank reported that 2022 is among the ten warmest years on record. And that the effects of the climate!-->…
News Update On Russia and Ukraine.
The impact of rising energy costs on the continent was address by European leaders, while also reporting success!-->…
Global Economy Can Thank U.S. Consumers.
The U.S. consumer is coming to the rescue of the global economy. Back in 2009, companies turned to China to prop!-->…
Ukraine Strike Hits Fuel Depot At Zaporizhzhia Nuclear Plant.
Officials installed by Russia in Ukraine said that a Ukrainian missile strike punched a hole in the roof of!-->…
Russia Says It Shot Down Ukrainian Drone.
Russia's defence ministry said Russian forces shot down a Ukrainian drone; which was trying to attack the!-->…
The World Still Needs Oil And Gas – Elon Musk.
The world must continue to extract oil and gas in order to sustain civilisation, while continuing to also develop!-->…
Saudi Arabia To Invest $1 Billion In Pakistan.
Saudi Arabia plans to invest $1 billion in Pakistan, Saudi state TV reported.
Saudi King Salman bin Abdulaziz!-->!-->!-->…
British Pubs, Farms Raise Alarm Over Latest CO2 Production Halt.
Britain's drinks and food industry raised the alarm over the availability of carbon dioxide; after soaring energy!-->…
Emirates Airlines To Suspend Flights From Nigeria From September 1 Over $85million…
Emirates Airlines has announced the suspension of its flight operations to Nigeria, starting September 1, 2022,!-->…
Indian Govt Working With Cenbank To Control Inflation.
India's federal government is working with its central bank to take measures and control inflation, a top!-->…
40 Technical Colleges to Benefit from World Bank Environmental Safeguard Measures.
An estimated 40 Technical Colleges in Nigeria alongside the private sector would benefit from the World Bank;!-->…