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UBS Analysts Lower Global Growth Forecasts Amid Trump Tariff Uncertainty April 22, 2025 UBS analysts have once again downgraded their global economic growth forecasts, citing heightened uncertainty surrounding U.S. President Donald Trump’s aggressive tariff policies. The Swiss investment bank now projects a sharper slowdown in global trade and economic activity for 2025, with significant impacts … Read more
The African Improvement Financial institution (AfDB) and the Financial Group of West African States (ECOWAS) Fee have signed a $12 million grant settlement to implement the Rice Resilient Worth Chains Improvement Venture (REWARD) and increase meals safety in West Africa. The signing ceremony occurred on the ECOWAS Fee Headquarters in Abuja, Nigeria, marking a big … Read more
The statement “Houthis say they are ready to escalate after US strikes Yemen” aligns with recent reports following U.S. military actions in Yemen. On March 15, 2025, the U.S. launched large-scale airstrikes targeting Houthi-controlled sites, marking the most significant military operation in the Middle East since the current U.S. administration took office. These strikes were … Read more
CAC Moves to Delist 100,000 Dormant Companies, Grants 90-Day Grace Period Abuja, – The Corporate Affairs Commission (CAC) has announced plans to strike off over 100,000 dormant companies from its register in a sweeping regulatory cleanup aimed at improving business transparency and compliance. Affected firms have been given a 90-day grace period to regularize their … Read more
The Federal Competitors and Client Safety Fee (FCCPC) of Nigeria has responded sharply to Meta’s reported menace to exit the nation following a $290 million tremendous, describing it as a “calculated transfer” to sway public opinion and stress the fee into reversing its choice. The tremendous, upheld by the Competitors and Client Safety Tribunal in … Read more
Dollar Strengthens as Markets Process Ukraine Summit Outcomes Singapore, August 19, 2025 – The U.S. dollar edged higher against major currencies on Tuesday, gaining 0.31% to reach a dollar index of 98.122, as global financial markets grappled with the implications of a recent White House summit involving U.S. President Donald Trump, Ukrainian President Volodymyr Zelenskyy, … Read more
The Nigerian All-Share Index closed the week ending March 21, 2025, on a downward word, shedding 992.17 factors, because the premium index and all subsectors besides client items confronted declines. This displays a 0.94% dip, with the index falling from 105,955.13 to 104,962.96, slipping under the vital 105,000-mark. Buying and selling exercise additionally noticed a … Read more
FG Inks $328.8 Million Deal with China’s CMEC to Boost Nigeria’s Power Grid April 9, 2025 – Abuja, Nigeria – The Federal Government of Nigeria has signed a landmark $328.8 million contract with China Machinery Engineering Corporation (CMEC) to overhaul the nation’s beleaguered power infrastructure, a move hailed as a critical step toward ending chronic … Read more
Lagos State Government Demolishes Shanties and Unapproved Buildings in Ikeja GRA Lagos, May 10, 2025 – The Lagos State Government launched a significant enforcement operation on Saturday, May 10, 2025, to demolish illegal structures and makeshift shanties in the Ikeja Government Reserved Area (GRA), citing security, environmental, and urban planning concerns. Led by the Lagos … Read more
Richard Mofe-Damijo’s “Radio Voice” Scores ₦34.7 Million Opening at Nigerian Box Office Lagos, Nigeria – April 19, 2025 Nollywood icon Richard Mofe-Damijo (RMD) has made a triumphant debut as an executive producer with his latest film, Radio Voice, which grossed an impressive ₦34.7 million at the Nigerian box office in its first week following its … Read more