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Tag: GLOBAL ECONOMY

Visual representation of fluctuating inflation rates with abstract graph elements and a cool color palette.
economics

Nigeria’s Consumer Inflation Drops to 22.97% in May

June 17, 2025June 17, 2025 - by Sofia Nawab - Leave a Comment

Nigeria’s consumer inflation fell to 22.97% in May from 23.71% in April, indicating a slight easing in high inflation. The statistics agency reports this decline, which, while modest, is significant …

Nigeria’s Consumer Inflation Drops to 22.97% in May Read More
Colorful abstract representation of economic stability and growth, featuring geometric shapes and warm tones.
economics

Colombia Inflation Rate Hits Lowest Level Since 2021

June 10, 2025June 10, 2025 - by Marcus Chen - Leave a Comment

Colombia’s inflation rate fell to 5.05% in May 2025, the lowest since October 2021, driven by lower inflation in sectors like transportation and housing. The monthly rise in consumer prices …

Colombia Inflation Rate Hits Lowest Level Since 2021 Read More
Dried coffee plants under bright sunlight, reflecting increased prices due to rain shortages.
Business / economics

Lack of Rain in Brazil Boosts Coffee Prices

June 7, 2025June 7, 2025 - by Liam Nguyen - Leave a Comment

Brazil’s drought is driving coffee prices up, causing supply concerns and potential long-term impacts on the market. As rainfall remains scarce, experts warn of difficulties ahead for both producers and …

Lack of Rain in Brazil Boosts Coffee Prices Read More
Market price increase in Libya's regions depicted by colorful bar graphs and currency symbols.
Companies / economics

WFP Reports On Libya’s Rising Market Prices In April 2025

May 31, 2025May 31, 2025 - by Liam Nguyen - Leave a Comment

In April 2025, Libya’s Full Minimum Expenditure Basket (MEB) increased 0.7% to LYD 909.44, with the eastern region now the most expensive. Notable price hikes in various towns reflect ongoing …

WFP Reports On Libya’s Rising Market Prices In April 2025 Read More
Waorani people's fight for rights in Ecuador's Amazon rainforest, emphasizing Indigenous sovereignty and environmental justice.
Business / economics / Technology

Global Indigenous: Waorani People Fight for Their Rights in Ecuador

May 30, 2025May 30, 2025 - by Carmen Mendez - Leave a Comment

The Waorani people in Ecuador oppose government-backed oil auctions on their ancestral lands, highlighting issues of Indigenous rights and Free, Prior, and Informed Consent. Worldwide, Indigenous communities face digital misinformation …

Global Indigenous: Waorani People Fight for Their Rights in Ecuador Read More
A conceptual illustration of economic stress, featuring a heavy burden symbolized by a large boulder marked Naira and dollars, set against a dark sky to represent Nigeria's financial concerns.
Business / Companies / economics

Nigeria Faces Debt Surge with Fresh $24bn Borrowing Proposal

May 28, 2025May 28, 2025 - by Carmen Mendez - Leave a Comment

President Bola Tinubu’s proposed foreign loans could push Nigeria’s public debt from N144.67 trillion to over N182.91 trillion by 2026. Economists express concerns over sustainability and debt management as Nigeria’s …

Nigeria Faces Debt Surge with Fresh $24bn Borrowing Proposal Read More
A flowing river symbolizing reduction with calm waters and lush greenery under a bright blue sky.
economics

Nigerians Reduce Spending on Medical Tourism: 2024 Report Indicates $2.41 Million Expenditure

May 24, 2025May 24, 2025 - by Sofia Nawab - Leave a Comment

Nigerians spent $2.41 million on medical tourism in 2024, a 36.91% decrease from $3.82 million in 2023. The spending was predominantly concentrated in the first half of the year, with …

Nigerians Reduce Spending on Medical Tourism: 2024 Report Indicates $2.41 Million Expenditure Read More
Business

CAG Report Reveals Critical Lapses in Tanzania’s Infrastructure Sector

April 18, 2025April 18, 2025 - by Sofia Nawab - Leave a Comment

The CAG’s audit report outlines significant shortcomings in Tanzania’s infrastructure, including financial mismanagement, project delays, and inadequate supervision in transportation projects, with an emphasis on the urgent need for regulatory …

CAG Report Reveals Critical Lapses in Tanzania’s Infrastructure Sector Read More
Business / Companies / economics

Fitch Projects Significant Increase in Nigeria’s External Debt Service for 2025

April 16, 2025April 16, 2025 - by Liam Nguyen - Leave a Comment

Fitch projects Nigeria’s external debt service to rise to $5.2 billion in 2025 from $4.7 billion in 2024, with significant repayments including $1.1 billion due for a Eurobond. Concerns about …

Fitch Projects Significant Increase in Nigeria’s External Debt Service for 2025 Read More
Business / Companies / economics

Nigeria Allocates $2.32 Billion for Debt Servicing to World Bank and IMF in 2024

April 13, 2025April 13, 2025 - by Sofia Nawab - Leave a Comment

In 2024, Nigeria allocated $2.32 billion for debt servicing to the World Bank and IMF, a sharp increase from $998.92 million in 2023. Servicing payments to the IMF reached $1.63 …

Nigeria Allocates $2.32 Billion for Debt Servicing to World Bank and IMF in 2024 Read More

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