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Economy
189 posts
Government to Meet with Cement Makers on July 1 to Tackle Price Hikes
Minister of Works David Umahi plans to meet with cement producers on July 1 to address soaring prices that are impacting national infrastructure projects.
Alan Greenspan, Legendary US Federal Reserve Chair, Passes Away at 100
Alan Greenspan, the influential former US Federal Reserve chairman who steered the American economy for nearly two decades, has died at age 100.
Fuel Prices Drop at Nigerian Stations Following Dangote Refinery Adjustments
Several Nigerian fuel stations have lowered pump prices by up to N55 per litre, following recent pricing adjustments at the Dangote Refinery.
KADIRS Aims for N20 Billion Monthly Revenue Through Fiscal Reforms
Kaduna State Internal Revenue Service Chairman Jerry Adams announced a new monthly revenue target of N20 billion, supported by recent fiscal reforms and increased taxpayer trust.
Optimism over US-Iran peace accord drives drop in oil prices
Oil prices fell sharply on Monday following reports that the United States and Iran are nearing a peace deal that could reopen the vital Strait of Hormuz.
Amazon UK Chief Rejects Narrative That Unemployed Youth Lack Motivation
Amazon's UK boss John Boumphrey argues that systemic failures in education are to blame for rising youth unemployment, not a lack of drive among young people.
UK Government Debt Reaches April Peak Not Seen Since 2020
UK public sector borrowing surged to £24.3bn in April, the highest level since 2020, as rising debt interest and benefit spending outweighed tax revenues amid economic uncertainty.
Fuel costs climb to peak levels not seen since start of Iran conflict
Petrol prices have reached 158.52p per litre, the highest level since the Iran conflict began, as rising global oil costs impact UK drivers.
IMF Raises UK Economic Outlook Despite Persistent Global and Local Risks
The IMF has lifted its 2026 UK growth forecast to 1%, citing unexpected economic momentum, though it warns that geopolitical tensions and internal uncertainty remain significant threats.