Economy

Nigeria’s inflation rate rose from 20.77% in September 2022 to 21.09% in October 2022 amid soaring food prices, the National Bureau of Statistics (NBS) has said. The Bureau also said …

Britain is expected to increase state pension and welfare payments in line with inflation in next week’s budget, the Times newspaper reported. British Prime Minister Rishi Sunak is expected to …

The Bank Customers Association of Nigeria, BCAN, has appealed to the Central Bank of Nigeria, CBN, to extend the deadline for returning of the old notes, as the nation gear …

As the dust raised by the plan of the Central Bank of Nigeria, CBN, to redesign the local currency begins to settle into the reality of managing the already concluded …

The Bank of England raised interest rates to 3 per cent on Thursday from 2.25 per cent, its biggest rate rise since 1989 as it warned of a “very challenging” …

The global economy is approaching a recession as economists polled by Reuters once again cut growth forecasts for key economies while central banks keep raising interest rates to bring down …

Taiwan’s economy minister has drummed up new business worth T$30 billion ($940 million) in meetings with top executives at four major tech firms in California’s Silicon Valley, the ministry said …

U.S. President Joe Biden on Saturday criticized British Prime Minister Liz Truss’s original economic plan as a mistake and said he was not concerned about the strength of the soaring …

Global growth is expected to slow further next year, the IMF said Tuesday, downgrading its forecasts as countries grapple with the fallout from Russia’s invasion of Ukraine, spiraling cost-of-living and …

The Managing Director, and Chief Executive Officer of the Nigerian Export Promotion Council (NEPC), Ezra Yakusak, says the non-oil sector has contributed over two billion dollars to the Nigerian economy …