Browsing Tag
Economy
288 posts
World Bank Grants Nigeria New $1.25 Billion Loan
The World Bank has provided a $1.25 billion loan to Nigeria under a new six-year partnership framework aimed at boosting employment and private sector growth.
UN Warns 61 Nations Remain Vulnerable Following Strait of Hormuz Reopening
A UN report highlights that 61 vulnerable economies continue to face significant oil and food price shocks despite the reopening of the Strait of Hormuz.
World Bank Plans to Halt China Loans by 2031
The World Bank is set to stop providing loans to China by 2031, transitioning its role from a creditor to a knowledge partner as the country's economy continues to evolve.
Donald Trump reports $1.2 billion in cryptocurrency earnings for 2025
Financial disclosures indicate Donald Trump accrued $1.2 billion through cryptocurrency ventures in 2025, largely driven by his involvement with World Liberty Financial and various digital asset licensing agreements.
Escalating Economic Distress Fuels Surge in Nigerian Emigration
A surge in Nigerians fleeing to neighboring African nations is being driven by severe economic hardship and widespread insecurity, according to government reports and experts.
June Market Downturn: Investors Shed N13.3 Trillion Amid Profit-Taking
Investors on the Nigerian Exchange lost N13.3 trillion in June as profit-taking dominated, while FTSE Russell delayed Nigeria’s Frontier Market status due to settlement cycle concerns.
Wednesday Morning Brief: Top 10 Nigerian News Stories
This morning's summary covers the APC's candidate list reshuffle, President Tinubu's praise for Nyesom Wike, ongoing evacuations from South Africa, and various security and political updates across Nigeria.
Nigerian Government Offers Incentives to Boost Local Smartphone Manufacturing
The Nigerian government is offering tax waivers and special incentives to phone manufacturers who commit to building production plants in Nigeria by November to improve device affordability.
A New Exodus: Are Nigerians Turning Their Backs on Their Homeland?
A shifting trend of migration sees Nigerians increasingly looking abroad, including to Egypt, for better prospects, highlighting a growing crisis of confidence in the nation's capacity to provide a stable future.
Why Gen Z is preparing for a future without state pensions
A significant portion of Gen Z doubts the future of the state pension, leading many to reassess their saving habits, career paths, and retirement expectations in an increasingly uncertain financial landscape.