Tag: #GlobalEconomy
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NO IMF SOS… FOR NOW: NIGERIA SAYS REFORMS ARE DOING THE HEAVY LIFTING
While many economies are knocking on the IMF’s door, Nigeria says, “We’re good for now.” Nigeria has ruled out any immediate move to seek financial support from the International Monetary Fund, with Finance Minister Wale Edun insisting ongoing reforms are holding the line. Speaking in Washington, Edun said the country is leaning on homegrown economic…
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FUEL CRISIS BITES: OVER 400 GAS STATIONS SHUT DOWN IN PHILIPPINES
Soaring fuel prices are forcing hundreds of gas stations to close, raising fears of shortages and market manipulation. The Philippine National Police says more than 400 gas stations across the country have shut down operations as fuel prices continue to surge. PNP spokesperson Randulf Tuano revealed that closures have jumped sharply from 273 on March…
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MIDEAST WAR SHOCKWAVES: GLOBAL ECONOMIC RECOVERY UNDER THREAT – SACCI WARNS
Rising conflict in the Middle East is rattling global markets and casting doubt on economic recovery plans worldwide. The South African Chamber of Commerce and Industry has warned that ongoing conflict in the Middle East is worsening instability in global financial markets and threatening economic recovery prospects in South Africa and beyond. In a statement,…
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SHETTIMA TAKES NIGERIA TO DAVOS: 2026 ECONOMIC OUTLOOK ON GLOBAL STAGE
Nigeria is set to make its pitch on the world’s biggest economic platform. Vice-President Kashim Shettima will present Nigeria’s 2026 economic outlook at the 56th World Economic Forum (WEF) in Davos, Switzerland, where global leaders, investors and policymakers converge. According to his spokesman, Stanley Nkwocha, Shettima has arrived in Davos to lead Nigeria’s delegation and…
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XI JINPING AND RUSSIAN PRIME MINISTER MISHUSTIN PLEDGE TO EXPAND MUTUAL INVESTMENT DESPITE GLOBAL TURBULENCE
Chinese President Xi Jinping met Russian Prime Minister Mikhail Mishustin in Beijing’s Great Hall of the People to affirm a strong commitment to deepen China-Russia relations amid challenging global conditions. Xi highlighted that despite “turbulent” external environments, the two nations continue progressing towards higher-quality development, stressing the strategic importance of fostering this partnership. The leaders…
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NIGERIA-SOUTH AFRICA COOPERATION MARKS AFRICA’S STRONG VOICE AT G20
The United Nations Development Programme (UNDP) has praised the growing cooperation between Nigeria and South Africa as a crucial platform ensuring Africa’s priorities are heard in global decision-making arenas. Varsha Redkar-Palepu, UNDP Deputy Resident Representative, spoke at the G20-Africa outreach meeting on industrialisation and agriculture held in Abuja, ahead of the G20 Summit in Johannesburg…
