Economy
World Bank Urges FG to Expand Cash Transfers After ₦658.9bn Payout
The Federal Government has disbursed ₦658.9bn in direct cash transfers to 10.46 million poor and vulnerable households as of September 2026, but the...
Wall Street Futures Rise as AI Stocks Rebound Ahead of Earnings
US stock market futures rose on Monday, October 19, as artificial intelligence (AI) stocks recovered from last week's sharp sell-off, while falling oil...
Nigeria Unveils $78.5 Billion Investment Pipeline as World Bank Targets $5.79 Billion in Private Financing
Nigeria has unveiled a pipeline of 65 investment projects seeking $78.5 billion in funding, as the federal government intensifies efforts to attract private...
US Producer Inflation Jumps as Gasoline Prices Surge, While UK Chancellor Defends Banks
US producer prices accelerated sharply in September as soaring gasoline costs added to inflationary pressure, while British Chancellor John Healey defended the banking...
Oil Tanker Shipping Costs Soar, Pushing Up Fuel and Food Prices Worldwide
The cost of transporting crude oil has surged sharply as the US-Iran conflict and attacks on shipping routes disrupt tanker operations, adding to...
US Toy Prices Climb Ahead of Holiday Season as Tariffs and Iran War Raise Costs
American consumers are facing higher toy prices ahead of the holiday shopping season as import tariffs and rising energy costs linked to the...
Nigeria’s Electricity Tariffs Face Fresh Scrutiny as Sector Losses Hit 40%
Nigeria’s high electricity tariffs are drawing renewed scrutiny, with Presidential Special Adviser on Power Lanre Babalola arguing that consumers should not be made...
IMF Warns Nigeria Against Fuel Subsidy Return, Backs Targeted Relief for Poor Households.
The International Monetary Fund (IMF) has cautioned the Federal Government against reinstating blanket petrol subsidies, urging it to prioritise targeted financial assistance for...
