The Managing Director/Chief Executive Officer (CEO) of Coronation Merchant Bank, Paul Abiagam, has said there is growth potential for Africa to unlock if the governments could trust financial institutions with managing the reserves of the nations. He said this at Arise TV’s Global Business Report on Tuesday, November 16, while sharing his thoughts on other …
The Centre for the Promotion of Private Enterprise [CPPE] has pointed out that, despite the overall disinflation report, five sectors accounted for 84 per cent of October’s inflationary burden. The sectors are food and non-alcoholic beverages; transport; housing, water, electricity, gas and utilities; education; and health. In a statement on Monday by its Chief Executive …
Post-election protests have brought Douala, Cameroon's economic capital, to a near standstill. Shops remain shuttered, markets are empty, transport services are disrupted, and the rising cost of basic goods is squeezing households already struggling with high inflation. Economists estimate the city is losing over 10 billion CFA francs (about €15 million) daily due to business …
For the first time in history, the U.S. Labor Department will miss releasing its key employment report for a second consecutive month, as the ongoing government shutdown stretches into its second month, the longest ever recorded. The data blackout has left economists, investors, and policymakers struggling to gauge the true state of the American economy. …
Financial expert Funsho Doherty has slammed the recently approved 15% import duty on petrol and diesel, warning that it could further strain Nigerian households already grappling with high fuel costs. In an open letter to Senate President Godswill Akpabio, Doherty, who previously worked with Goldman Sachs & Co., PNC Advisors, Arthur Andersen, and served as …
The average interest rate on the most popular U.S. home loan has dropped to its lowest level in over a year, following softer inflation data that reinforced expectations of another Federal Reserve rate cut. According to the Mortgage Bankers Association (MBA), the rate on a 30-year fixed mortgage fell by seven basis points to 6.30% …
Global stock markets climbed on Monday, buoyed by renewed optimism over progress in U.S.–China trade talks, while gold and bonds fell as investors shifted toward riskier assets. Top economic officials from both countries reached a preliminary trade deal framework ahead of a meeting between Presidents Donald Trump and Xi Jinping in South Korea later this …
The U.S. Federal Reserve is expected to announce another quarter-point interest rate cut this week, its second this year as policymakers move to cushion a slowing labour market and maintain economic stability. Analysts predict the rate reduction will bring the federal funds rate to between 3.75% and 4.00%, with more cuts likely in December or …
The Malian government has shut down all schools and universities across the country following a severe fuel crisis caused by a militant blockade. Education Minister Amadou Sy Savane announced on state television Sunday that classes would be suspended for two weeks. He explained that the fuel shortage has disrupted the movement of teachers and school …
More than 75 million Americans receiving Social Security and Supplemental Security Income (SSI) benefits will see their monthly payments rise by 2.8% in 2026, marking the first time in three years that the annual adjustment has outpaced the previous year’s increase. The Social Security Administration (SSA) announced the cost-of-living adjustment (COLA) on Friday, shortly after …
