Economy

193 Articles
Economy

Efcc Declares Former Petroleum Minister Timipre Sylva Wanted over Alleged $14.8 Million Refinery Fund Diversion

‎The Economic and Financial Crimes Commission (EFCC) yesterday declared former Minister of State for Petroleum Resources, Chief Timipre Sylva, wanted over an alleged...

EconomyWorld

Trump Administration Requests Supreme Court to Suspend Order for Complete SNAP Benefits in November

The Trump administration has appealed to the U.S. Supreme Court to suspend a lower court’s order requiring full funding for the Supplemental Nutrition...

Economy

South Africa and Nigeria Taken Off International Financial Crime Monitoring List

In a pivotal advancement for Africa’s financial sector, the Financial Action Task Force (FATF) has delisted South Africa, Nigeria, Mozambique, and Burkina Faso...

Economy

South Africa and Nigeria Stripped from FATF ‘Grey List’ Following Enhanced Anti-Money Laundering Measures

The Financial Action Task Force (FATF) has officially removed South Africa, Nigeria, Mozambique, and Burkina Faso from its “grey list” of countries under...

Economy

Engaging with Africa is Serious Business, Warns Nigerian Minister

Nigerian Foreign Minister Yusuf Tuggar emphasized the importance of fostering respectful and mutually beneficial trade relationships between Africa and developed countries. He criticized...

Economy

Floods Erase $42 Billion from Australian Real Estate Market: Report

Australia’s property market has faced a severe downturn, with an estimated $42.2 billion loss in national property values primarily due to increased flood...

Economy

US-China trade tensions obscure global economic forecast as a ‘new normal’ takes shape.

The global economy is currently grappling with severe challenges as U.S.-China trade disputes escalate, creating a “new normal” filled with uncertainty and possible...

Economy

EU Mulls Implementing Restrictions on Chinese Investments, Such as Technology Transfers

The European Union (EU) is contemplating new conditions for Chinese companies wishing to invest in Europe, particularly regarding technology and know-how transfers. This...

Economy

EU suggests measures to protect steel industry, alarming UK manufacturers

The European Union has proposed substantial changes to its steel import policies to boost domestic production and tackle global overcapacity. Key aspects of...

Economy

African trade bloc COMESA introduces digital payment system.

The Common Market for Eastern and Southern Africa (COMESA) has launched a Digital Retail Payments Platform (DRPP) designed to enhance cross-border trade among...