Category: Economy
Why Clarity and Caution Should Guide Central Banks’ Communication During Uncertain Times
In an era of uncertainty, central banks find themselves grappling with the delicate balance between transparency and cautious communication. As global economies encounter unprecedented challenges,[more...]
Nigeria Customs Service Records 127% Increase in Revenue in First Half of 2024
Nigeria Customs Service Revenue Soars by 127% in First Half of 2024 The Nigeria Customs Service (NCS) has reported a substantial increase in revenue for[more...]
Asia’s Limited Exposure to CrowdStrike Outage
The global IT outage on Friday, triggered by a single update to CrowdStrike software on Microsoft Windows, brought many operations to a standstill. However, businesses[more...]
CBN Increases Interest Rate to Tame Inflation: Expert Highlights Impact and Economic Implications
The recent decision by the Central Bank of Nigeria (CBN) to increase the benchmark lending rate has sparked discussions and raised concerns about its impact[more...]
Central Bank of Nigeria Governor Warns of Prolonged Monetary Tightening Amid Rising Inflation
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has issued a cautionary note regarding the impact of persistent inflation on the nation's[more...]
Nigeria Battles High Inflation as CBN Governor Links It to Failed Intervention Funds
The failed N10 trillion intervention funds and N27 trillion ways and means (W&M) are being cited as contributing factors to the high inflation that Nigeria[more...]
The Illusion of Tax Cuts: What Politicians Don’t Tell You
In the latest flurry of government spending, the Albanese administration has once again invested significant taxpayer dollars into advertising the income tax cuts that took[more...]
Federal Government Launches Ecnomic and Financial Inclusion Initiative to Transform Nigeria’s Economy by 2030
The federal government of Nigeria recently unveiled a new initiative to establish an operating model and framework for Economic and Financial Inclusion, aimed at transforming[more...]
New Laws and Tax Brackets Kick in on July 1: What You Need to Know
As the 2024-25 financial year began on July 1, a series of new laws and regulations came into effect in Australia. These changes, including new[more...]
Nigeria’s Debt-to-GDP Ratio Hits All-time High
Nigeria's debt-to-GDP ratio has surpassed 50% for the first time in history, signaling a concerning milestone for Africa's largest economy. The Debt Management Office (DMO)[more...]
