In a transformative shift for Nigeria’s energy landscape, the nation’s petrol import bill plummeted by 54% in the first quarter of 2025, dropping from N3.81 trillion in Q1 2024 to N1.76 trillion, according to the National Bureau of Statistics (NBS). This dramatic decline, also reflecting a 47% reduction from N3.3 trillion in Q4 2024, is … Read more
Federal Reserve Chairman Jerome Powell spoke at the European Central Bank (ECB) Forum on Central Banking in Sintra, Portugal, on July 1, 2025, at 9:30 a.m. ET (3:30 p.m. IST). The panel, moderated by Bloomberg’s Francine Lacqua, focused on the global economy amid policy shifts, featuring Powell alongside ECB President Christine Lagarde, Bank of England … Read more
The Fed Opens Up to Rate Cuts: “With Duties Increasing the Risks for Inflation” In a significant shift, the U.S. Federal Reserve (Fed) is signaling it may cut interest rates in the near future, citing rising inflationary pressures from new tariffs as a key concern. As of August 22, 2025, the Fed has kept its … Read more
The most recent data available on weekly mortgage application volume in the United States is from the Mortgage Bankers Association (MBA) Weekly Mortgage Applications Survey for the week ending July 18, 2025. According to posts found on X, mortgage applications decreased by 0.2% compared to the previous week. Refinance applications, which are sensitive to interest … Read more