Category: Economy
Risks and Rewards of AUD/USD in Foreign Exchange Trading
The AUD/USD closed higher last week, defying expectations of a stronger US dollar and hawkish signals from the Reserve Bank of Australia (RBA). Despite ongoing[more...]
Rising Cost of Living in Nigeria Sparks Sharp Increase in Personal Loans
The rising cost of living in Nigeria has prompted a sharp increase in personal loans as individuals seek to maintain their standard of living and[more...]
Investor Uncertainty Prevails as RBA Maintains Interest Rates
The Reserve Bank of Australia (RBA) has once again opted to maintain the cash rate, leaving it unchanged at 4.35 per cent. This decision comes[more...]
Nigerian Citizens Favor Price-Control Policies Over Minimum Wage Hike as Inflation Surges
Rising Inflation Prompts Nigerian Citizens to Advocate for Price-Level Control Nigeria's inflation rate has continued its upward trajectory, reaching 33.95 percent in May 2024, up[more...]
Australia’s Unemployment Rate Declines to 4% in May: A Positive Outlook for the Economy
--- The Australian Bureau of Statistics reported that the country's headline unemployment rate reached 4% in May, marking a 0.1 percentage point decline from April.[more...]
World Bank Raises Concerns Over Nigeria’s Monetary Policy Tightening
The World Bank has raised concerns about the Central Bank of Nigeria's (CBN) monetary policy tightening and its effectiveness in controlling inflation. In the Global[more...]
Nigeria’s Finance Minister Addresses Closure of 800 Companies in 2023
In a recent statement, Minister of Finance and Coordinating Minister of the Economy, Wale Edun, addressed the closure of approximately 800 companies in Nigeria in[more...]
Economists Give Mixed Grades to Australian Treasurer’s Budget
Leading economists from the Australian National University and the Economic Society of Australia have provided mixed assessments of Treasurer Jim Chalmers' third budget. The economists[more...]
Obasanjo Criticizes Nigeria’s Economic Policies Under President Bola Tinubu
Former President Olusegun Obasanjo has criticized the administration of President Bola Tinubu over the poor implementation of the removal of subsidy from petroleum products and[more...]
Young Australians Struggle in the Face of Economic Crisis, Experts Fear Generational Inequality Worsening
Young people in Australia are facing an economic crisis, with high living costs, low rental vacancy rates, and unattainable house prices contributing to their struggles.[more...]
