Japan’s Takaichi Orders Economic Package to Tackle Inflation
Japan’s new Prime Minister Sanae Takaichi is preparing an economic stimulus package that is likely to exceed last year’s $92 billion to help households tackle inflation, government sources familiar with the plan said on Wednesday. The package of more than…
NNPC Reduces Fuel Pump Price
The Nigerian National Petroleum Company Limited, NNPCL, has reduced the pump price of premium motor spirit, PMS. According to Dailypost correspondent who went round NNPCL filling stations at Kubwa Expressway, Central Business District, and Wuse Zone 4, Abuja, on Saturday…
Nigeria’s economy grows strongly amid high inflation, World Bank says
A drone view of The Abuja City Gate, monument that acts as a ceremonial entrance to the new capital, in Abuja, Nigeria, May 10, 2025. REUTERS/Sodiq Adelakun/File Photo Purchase Licensing Rights , opens new tab ABUJA, May 12 Nigeria’s economy…
Morocco’s Auto Labor Cost: Just $106 Per Vehicle
German manufacturers face particularly high labor costs, averaging $3,307 per vehicle – over 31 times Morocco’s cost – due to strong labor unions and strict regulations on working hours. The “Getting Under the Hood of Automotive Labor Cost Per Vehicle”…
U.S. and China Will Meet for Second Day of Trade Talks
Top officials are scheduled to conclude their weekend of trade negotiations in Geneva on Sunday. Top economic officials from the United States and China will meet on Sunday in Geneva for their second day of high-stakes negotiations, discussions that are…
IMF, World Bank Issue Playbook for Faster Debt Restructurings
Global financial leaders on Wednesday launched a blueprint for emerging-market debt restructurings, an effort to streamline a process that has grown increasingly lengthy and complex for some of the world’s poorest countries. Officials from G-20 countries, the International Monetary Fund…
Niger Republic Seeks Nigeria’s Help Amid Fuel Crisis Despite Diplomatic Strain
Despite months of strained diplomatic relations and fiery rhetoric, the Republic of Niger has turned to Nigeria for urgent assistance following a crippling fuel shortage in the landlocked West African nation. According to findings by Akelicious, a high-powered delegation of…
Burkina Faso Reclaims Its Gold Industry, Establishes First National Refinery
Burkina Faso has taken a groundbreaking step towards economic sovereignty by establishing its first-ever gold refinery. After gaining full control of its gold mining sector, the country now refines its own gold, ensuring that more wealth stays within its borders….
CBN shifts MPC meeting to February 19, 20
The Central Bank of Nigeria has rescheduled the 299th Monetary Policy Committee meeting earlier slated for February 17 and 18, 2025. In a statement on Monday, the apex bank said the meeting will now be held on February 19 and…
Five countries where Naira has more value than local currency
For Nigerians planning to travel abroad without worrying about fluctuating exchange rates, there are destinations where the naira holds more value than the local currency. Exchange rates can significantly impact travel budgets, and choosing a country where the naira is…