economy
News on the global economies
Ghana Turns to Dangote Refinery for Petroleum Imports, Eyes Broader Regional Collaboration
Ghana Eyes Dangote Refinery Imports to Boost Energy Security and Strengthen West African Economic Ties
In a move to strengthen energy security and deepen regional ties, the National Petroleum Authority of Ghana (NPA) is looking to import refined petroleum products … Continue Reading
Media Maven Peace Hyde Speaks On The Future Of Leadership
The World Economic Forum, Young Global Leaders annual summit took place in Singapore this year where the community which acts as an accelerator for a dynamic community of exceptional people with the vision, courage, and influence to drive positive change … Continue Reading
UK Ramps Up Deportations: Dozens of Nigerians, Ghanaians Sent Back in Largest Removal Since 2020
Largest Deportation of Asylum Seekers, Mainly Nigerians and Ghanaians from UK in Recent Years Sparks Debate on Immigration Crackdown
In a significant shift in immigration policy, the United Kingdom has deported 44 West African nationals—primarily Nigerians and Ghanaians—back to their … Continue Reading
Canada Cuts Permanent Residency Targets For Nigerians, Others As Trudeau Admits Policy Missteps
Canada to Cut Immigration Targets Amid Housing Crisis and Public Backlash, Trudeau Acknowledges Missteps
In a significant policy shift, Prime Minister Justin Trudeau announced Thursday that Canada will reduce its immigration targets, scaling back the Liberal government’s initial plan to … Continue Reading
Tinubu Slashes Official Convoys To 3 In A Bid To Cut Cost of Governance
President Moves to Cut Government Spending, Limits Official Convoys and Security Details for Top Officials
In a decisive move to curb government spending, President Bola Tinubu has restricted Federal Ministers, Ministers of State, and Heads of Agencies to a … Continue Reading
BREAKING: Tinubu Shakes Up Cabinet, Sacks 5 Ministers And Appoints 7 New Ministers
President Tinubu revamps his cabinet, dismissing five ministers and nominating seven new candidates for Senate confirmation in a move to boost governance.
In a bold move, President Bola Tinubu has sacked five of his ministers and reshuffled ten others in … Continue Reading
IMF Lowers Nigeria’s 2024 Growth Projection to 2.9%, Cites Inflation
Despite Nigeria’s inflation challenges, the IMF projects that the country’s inflation rate will stabilize at 25% by 2025, with further reductions expected to reach 14% by 2029.
Abuja, Nigeria – The International Monetary Fund (IMF) has downgraded Nigeria’s growth forecast … Continue Reading
SHOCKING: Nigerians Return to Chewing Sticks as Toothpaste Prices Skyrocket
Traditional Chewing Sticks Make a Comeback as Toothpaste Prices Push Nigerians to Seek Affordable Alternatives
The rising cost of living in Nigeria has pushed many households to revisit traditional practices, including the use of chewing sticks for oral hygiene, as … Continue Reading
GTBank Boosts Staff Salaries by 40% Amid Economic Turmoil, Retains Lowest Personnel Cost Among Top Banks
GtBank’s 40% Salary Boost Aims to Combat Inflation and Retain Talent While Maintaining Market-Leading Cost Efficiency
Guaranty Trust Bank (GTBank), Nigeria’s most cost-efficient commercial bank, quietly boosts its staff salaries by 40% as of September 2024, multiple employees have confirmed. … Continue Reading
FG Seeks $500m World Bank Loan for Education
World Bank Country Director for Nigeria, Dr. Ndiame Diop, confirmed that several additional projects are in the pipeline for Nigeria this fiscal year, primarily implemented at the state level.
Abuja, Nigeria – The Federal Government of Nigeria is in discussions … Continue Reading