Economy
IMF Finalizes Staff-Level Deal for Ethiopia’s Fourth Review, Releases $261 Million
The International Monetary Fund (IMF) has finalized a staff-level agreement with Ethiopia regarding the fourth review of its $3.4 billion Extended Credit Facility...
US Weekly Unemployment Claims Experience Biggest Rise in Almost 4.5 Years
The U.S. experienced a notable increase in initial jobless claims, rising by 44,000 to a seasonally adjusted 236,000. This surge marked the largest...
Nigeria Greenlights $128 Million Payment to Resolve Gas Debts and Enhance Power Supply
Nigeria's Federal Government has approved the payment of 185 billion naira (around $128 million) to settle long-standing debts to gas producers supplying power...
Federal Reserve lowers primary interest rate, anticipates improved economy next year
The Federal Reserve has lowered its key interest rate by 0.25 percentage points to 3.6%, marking its third consecutive reduction. This decision highlights...
Ethiopia’s Striving for Major Infrastructure Developments Amid Growing Tensions
Ethiopia is undertaking major infrastructure projects, including Africa's largest airport and a nuclear power plant, to boost economic growth and reduce foreign aid...
EU nations’ envoys agree to end imports of Russian gas
European Union ambassadors have approved a significant plan to phase out Russian gas imports by late 2027, aimed at reducing the EU's energy...
Nigeria’s Economy Grows by 3.98% in Q3 Due to Non-Oil Sector Expansion
Nigeria's economy showed a growth of 3.98% in Q3 2025, as reported by the National Bureau of Statistics (NBS), up from 3.86% in...
Nigeria’s Economy is on the Rise, CBN Informs Senate
The Central Bank of Nigeria (CBN) has reported to the Senate that the economy is showing signs of strengthening, attributed to recent fiscal...
Recent Advances in the European Crisis
The European Union (EU) is currently facing a complex crisis marked by economic downturns, political instability, and a housing crisis, with Germany at...
Netflix’s $72 Billion Purchase of Warner Bros. Raises Industry Worries About Antitrust Problems and Job Cuts
Netflix's proposed $72 billion acquisition of Warner Bros. Discovery, announced on December 5, 2025, has sparked widespread concern in the entertainment sector, particularly...
