The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week’s surge. The Labour Department reported 224,000 initial claims for the week ending December 13, a decline of 13,000 from the previous week. Economists had expected 225,000 claims. Claims data have fluctuated in recent weeks due to seasonal adjustments …
In a significant shift for Nigeria's energy market, the price of Premium Motor Spirit (PMS), also known as petrol, has fallen sharply to ₦739 per litre ahead of the Yuletide season. Motorists in Lagos have formed long queues in some MRS filling stations in Lagos as they seek to buy petrol. The pump price drop …
Oil prices climbed more than 2% on Wednesday after U.S. President Donald Trump ordered a full blockade of sanctioned oil tankers operating in and out of Venezuela, triggering fresh concerns over supply disruptions. Brent crude futures rose $1.41, or 2.4%, to $60.33 a barrel by 10:18 GMT. U.S. West Texas Intermediate (WTI) gained $1.42, or …
President Bola Ahmed Tinubu has urged Nigerians not to fear about the new tax regime set to begin next year, promising significant benefits for low-income earners, small businesses, and essential sectors. Speaking at the 8th Annual Senator Abiola Ajimobi Roundtable and the 76th posthumous birthday lecture of the late Oyo State governor at the University …
The Debt Management Office (DMO) has urged state governments to follow the Fiscal Responsibility Act and other borrowing laws. It warned that loans taken outside the legal framework could weaken fiscal stability at the sub-national level. The Director-General of the DMO, Ms. Patience Oniha, delivered the message on Tuesday in Abuja. She spoke at a …
Nigerian Ports Authority (NPA) has reported a dramatic 1,085 per cent year-on-year surge in export-laden containers during the third quarter (Q3) of 2025. The latest operational data released by the NPA on Monday, December 15, shows that export-laden containers rose from 5,812 Twenty-foot Equivalent Units (TEUs) in Q3 2024 to 69,039 TEUs in Q3 2025. This is …
Iran has introduced a new pricing tier for its nationally subsidised gasoline in an effort to rein in rising economic pressures, marking the most significant adjustment to the country’s fuel-subsidy system since the 2019 price hike that sparked widespread protests and a violent crackdown. Under the revised system, Iranian motorists can still purchase 60 litres …
Tax MoU: The Only Mistake France Made Was Codifying Our Requests for Assistance – Oyedele The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Professor Taiwo Oyedele, has stated that the only error committed by France in the landmark Memorandum of Understanding (MoU) aimed at strengthening bilateral cooperation and advancing the digital transformation …
Canada’s annual inflation rate remained at 2.2% in November, unchanged from October, Statistics Canada reported on Monday. The steady rate was primarily driven by rising food prices, which increased at their fastest pace in more than two years. A year-on-year drop in gasoline and shelter costs partially offset the food price surge. November marked the …
The Trump administration has unveiled a campaign to hire 1,000 engineers for two-year stints in federal government roles, according to a government website on Monday. The initiative seeks professionals with expertise in software engineering, artificial intelligence, cybersecurity, and data analytics. Successful candidates will be placed in positions across various government agencies, with most roles located …
