economy

The new British finance minister Jeremy Hunt has reversed nearly all of Prime Minister Liz Truss's mini-budget that had sparked market turmoil. He has also reined in a vast energy subsidy plan, saying the…

Nigeria's President, Muhammadu Buhari says his administration has improved the economy of Nigeria by lifting millions of its citizens from poverty. The President made the declaration in a nationwide broadcast to mark the 62nd …

The Nigerian government says plans are underway to raise the annual production capacity of cashew nuts to over 500,000 metric tonnes. The Nigerian Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo said this during a press…

The Lagos Chamber of Commerce and Industry has said that rising inflationary pressure, forex challenges, debt servicing and weak revenue generation have put a serious strain on the Nigerian economy. In a statement titled, “LCCI statement…

China's central bank has surprised markets with key lending rates cuts to revive demand. The country's economy unexpectedly slowed in July, data showed on Monday, with factory and retail activity squeezed by Beijing's zero-COVID policy…

Russia's economy shrank by 4.0% year-on-year in the second quarter of 2022, preliminary data from the federal statistics service Rosstat shows. This comes after Moscow sent its armed forces into Ukraine on Feb. 24, triggering sweeping…

China's economy has contracted sharply in the second quarter of 2022, as widespread coronavirus lockdowns hit businesses and consumers. Gross domestic product (GDP) fell by 2.6% in the three months to the end of June from the previous…

The presidential candidate of the New Nigeria People’s Party, Rabiu Kwankwaso, has said his administration would tackle insecurity and turn around the economy if elected as president in 2023. Kwankwaso stated this in Calabar while…

"Angola should open its borders more to the new Brazilian entrepreneurs who want to invest in different sectors," this is the opinion of a Brazilian couple who have been settled in the country for more than 30 years. The entrepreneurs…

Ghanaian President Akufo-Addo has announced the opening of sea and land borders vowing the economy would soon rebound after two years. The reopening of the borders was expected by many Ghanaians, who depend on cross-border trade with…