Browsing Category
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.
…
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;…