global economy
Trump Imposes 50% Tariffs on Indian Exports Over Russian Oil Trade
The United States government, under the leadership of President Donald Trump, has announced sweeping 50% tariffs on a wide range of Indian exports....
Naira Experiences Slight Appreciation Against Dollar, Closing Trading Week at N1,534.72
In a positive turn of events for Nigeria’s currency market, the Naira finished the week with a modest gain against the U.S. dollar....
UN Report: Developing Countries’ Debt Service Payments Reach Record $921 Billion in 2024
Debt service payments by developing nations surged to $921 billion in 2024, marking an increase of $74 billion from the previous year, a...
Trade Tensions and Tariffs Push Global Economy to Brink, UN Warns
The global economy is teetering on a fragile edge, warned the United Nations Department of Economic and Social Affairs (UN DESA) in a...
IMF Calls for Oil Sector Transparency in Nigeria to Safeguard Gains from Fuel Subsidy Removal
The International Monetary Fund (IMF) has underscored the critical need for enhanced transparency within Nigeria’s oil sector, cautioning that the fiscal advantages gained...
China Issues Stark Warning Against US Economic Deals at Its Expense Amidst Escalating Trade Tensions
As the protracted trade dispute between the world’s two largest economies intensifies, China has issued a firm warning to nations contemplating economic agreements...
Nigeria’s Economic Reforms Bolster Resilience Amid Global Headwinds, Says IMF
Significant economic reforms undertaken by Nigeria since 2023 have notably enhanced the nation’s capacity to withstand external economic shocks, according to the International...
China’s Robust Q1 Growth Faces Looming Tariff Threat
China’s economy demonstrated unexpected resilience in the first quarter of 2025, exceeding analyst expectations despite the mounting pressure of a trade war with...
Trump’s “Reciprocal Tariffs” Ignite Global Trade Tensions, Nigeria Impacted
A new wave of “reciprocal tariffs” implemented by the United States is poised to reshape global trade dynamics, with significant implications for nations...