Tag: economy
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...]
ASX Plummets 1% as Inflation Surges
The Australian Stock Exchange (ASX) took a hit as consumer price data for May sparked concerns over rising inflation. The S&P/ASX 200 plunged by 1%[more...]
US Job Growth Soars in May, Unemployment Rate Rises to 4%
The latest data from the Bureau of Labor Statistics shows that the US labor market experienced a significant surge in job growth in May, adding[more...]
Australia’s Economy Teeters on the Brink of Recession
The bad news on the economy continues to flow. The latest GDP figures reveal that the Reserve Bank of Australia (RBA) has achieved its wish[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...]
Nvidia’s All-Time High Sends Mixed Signals to Stock Market
Nvidia shares hit an all-time high, keeping the stock market steady as the Nasdaq achieved a new record, benefitting retirement accounts. The news of an[more...]
Why Interest Rates May Not Fall for Another Year: Implications for Australia’s Economy and Federal Budget
The Reserve Bank of Australia (RBA) has made a significant shift in its assumptions about interest rate cuts, impacting its expectations for Australia's economy. Previously,[more...]
Utilities and Consumer Staples Lead Stock Market Rally
The stock market has shown signs of recovery after a rough April, and two sectors have emerged as leaders in this rebound. Since April 16th,[more...]
The Reserve Bank’s Interest Rate Dilemma: A Balancing Act
Amidst economic uncertainty and a precarious financial landscape, the Reserve Bank of Australia (RBA) finds itself at a crossroads, grappling with the delicate balance between[more...]
