economy
News on the global economies
Naira Appreciates to N1,660/$ in Parallel Market, Depreciates in Official Market
Abuja, Nigeria – The Naira strengthened slightly in the parallel market, appreciating to N1,660 per dollar on Monday, compared to N1,662 per dollar recorded last weekend.
In contrast, the currency weakened in the official foreign exchange market. According to data … Continue Reading
UK Skilled Worker Visa 2024: Step-by-Step Guide to Requirements, Eligibility, and Application
The UK Skilled Worker visa offers a clear path for skilled professionals to contribute to the country’s economy and workforce. To ensure a hassle-free application, prepare all required documents in advance and follow the outlined steps.
The UK government has … Continue Reading
World Bank to Approve $1.65bn Loans for Nigeria in 2025
Abuja, Nigeria – The World Bank is preparing to approve three significant loan projects for Nigeria in 2025, totaling $1.65bn, aimed at tackling critical developmental challenges across the country.
The loans will focus on addressing the needs of internally displaced … Continue Reading
Chrystia Freeland Quits as Canada’s Finance Minister Amid Tariff Dispute with Trudeau
Chrystia Freeland Resigns as Canada’s Finance Minister Amid Disputes with Trudeau Over Trump’s Tariff Threats, Economic Nationalism, and Cost-of-Living Relief Policies
Freeland Steps Down Over “Aggressive Economic Nationalism” Policy Dispute
Canada’s Finance Minister Chrystia Freeland has resigned, citing sharp disagreements … Continue Reading
CBN Declares Old Naira Notes to Remain Legal Tender Indefinitely
The CBN urged Nigerians to disregard rumors claiming the old Naira notes would cease to be legal tender by December 31, 2024. Mrs. Hakama reiterated that both old and redesigned notes should be accepted for all transactions and handled with
… Continue Reading
Nigeria Repays $1.22bn to IMF in Nine Months
Abuja, Nigeria – Nigeria has repaid $1.22 billion to the International Monetary Fund (IMF) over the course of nine months, according to external debt service reports from the Debt Management Office (DMO).
The payments were made as part of principal … Continue Reading
Trump Team Engages Biden, Ukraine Officials on Ending War with Russia
Trump Pushes for Immediate Ceasefire and Peace Talks With Biden, Ukraine Officials, as Ukraine War Nears Third Anniversary, but Critics Question Feasibility Amid Russian Gains and Complex Negotiations
President-elect Donald Trump’s national security team is actively exploring ways to end … Continue Reading
From Economic Turmoil to Historic Surplus: President Javier Milei Ends 123-Year Budget Deficit
How Javier Milei’s Bold Reforms Ended Argentina’s 123-Year Budget Deficit and Tamed Soaring Inflation
Argentina has achieved a historic milestone under President Javier Milei, ending its budget deficit for the first time in 123 years. Marking one year in … Continue Reading
UK Job Market Outlook 2025: Strong Demand for Tech, Healthcare, and Engineering Professionals
Skill Shortages in Technology, Healthcare, and Engineering Create Lucrative Opportunities Amid Rising Salaries and Intensifying Competition in the UK Job Market
The UK job market in 2025 is bracing for significant skill shortages, particularly in the technology, healthcare, and engineering … Continue Reading
Nigerians Transact N2tn Through USSD Codes in Just Six Months – New Report Reveals
USSD Transactions in Nigeria Surge in First Half of 2024 Amid Ongoing Debt Challenges
According to the Central Bank of Nigeria‘s recent electronic payment statistics, Unstructured Supplementary Service Data (USSD) codes facilitated an impressive 252.06 million transactions worth N2.19 … Continue Reading