World Bank Says 622m People To Live In Extreme Poverty By 2030
The World Bank estimates that by 2030, 622 million people (7.3% of the global population) will still be living in extreme poverty due to stalled efforts to eradicate it. This…
Tinubu Says Nigeria and Other African Countries Are Still Underdeveloped Despite Having Many Mineral Resources
President Bola Tinubu stated that Africa holds a large share of the world’s mineral reserves, including 92% of global platinum, 56% of cobalt, and 54% of manganese, yet the continent…
Fuel Price Today
Africa’s richest person, Aliko Dangote, recently released official samples of petrol from his Lagos refinery. He assured that local production of this fuel will help stabilize the Naira by correcting…
Cardoso Lists The New Causes of Nigeria’s Inflation
Olayemi Cardoso, Governor of the Central Bank of Nigeria (CBN), has issued a call for fiscal authorities to address emerging inflationary pressures. He noted that while “monetary factors leading to…
Top 10 African countries with the cheapest fuel prices in April 2024.
It’s really hard to exaggerate how important low fuel prices are, especially in developing countries like many in Africa. Low gas prices affect many parts of a country’s economy. They…
Nigeria Asks The US to Return More Stolen Money
On Monday, Nigeria’s Federal Government formally requested that the United States government repatriate additional illicit funds that had been channeled out of Nigeria through its banking system. During the 6th…
Unemployment is severely affecting Nigerian students and others in Canada.
A severe unemployment crisis is impacting over a million international students in Canada, including Nigerians. This situation has raised concerns about Canada’s relaxed immigration policies and the shortage of low-income…
Wale Edun Laments, Nigerians are saving their money in dollars because they don’t trust the Naira anymore
Finance Minister Wale Edun stated, “Nigerians are saving in Dollars because they have lost faith in the country’s currency, naira.” He explained that the recent appreciation in the Naira’s value…
Blue Economy: AU, Nigeria Strategize
The blue economy, or the ocean economy, is a term used to describe the economic activities associated with the oceans and seas. The World Bank defines the blue economy as…
ZiG, a gold-backed currency launched by Zimbabwe to combat inflation.
Zimbabwe’s central bank has introduced a new type of money, called “Zim Gold” (ZiG), which is supported by gold, foreign currencies, and other valuable minerals, aiming to address the issue…