Economy

By Enyichukwu Enemanna Federal Government of Nigeria on Wednesday announced an $800m palliatives for 10 million households or 50 million Nigerians from World Bank in form of cash, ahead of the planned removal of subsidy on...

By John Ikani KPMG, a leading global consulting firm, has forecasted that Nigeria's already high unemployment rate will continue to worsen, reaching a staggering 40.6% in 2023. In its recently released report, 'Global Economic Outlook', KPMG...

By Enyichukwu Enemanna Chicago fast-food giant, McDonald’s has temporarily closed operations in U.S. offices as the company prepares to notify corporate employees about layoffs, a published report has indicated. The Wall Street Journal cited an internal...

By John Ikani Crude oil prices surged on Monday after the Organisation of Petroleum Exporting Countries (OPEC) announced surprise cuts in monthly output. A statement released by OPEC revealed that the cartel announced a cut in...

By Enyichukwu Enemanna The office of the Attorney General in Switzerland says it has opened an investigation into the circumstances surrounding embattled bank Credit Suisse, which is set to be acquired by rival UBS. The attorney...

By John Ikani The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote has been conferred with the Champion Of Local Content Development In Africa Award. Engr. Wabote picked the award...