World Bank Warns Global Commodity Prices to Jump 23% in 2026
ABUJA, Nigeria – Global commodity prices are projected to rise by 23 per cent in 2026 as conflict in the Middle East, disrupted grain…
Topic
Global Economy
World Bank Appoints Mulyani to Lead IDA22 Funding Drive for World’s Poorest Countries
ABUJA, Nigeria – The World Bank Group has appointed former Indonesian Finance Minister Dr. Sri Mulyani Indrawati as Independent Co-Chair of the International Development…
AI Boom Drives Record Global Intangible Investment
GENEVA – AI investment is driving global spending on software, research, data and other intangible assets to a record $10 trillion in 2025, according…
BAT Axes 9,000 Jobs in Global Shake-Up
LONDON – British American Tobacco (BAT) announced plans on Monday to eliminate 5,500 jobs and outsource another 3,500 positions globally as the tobacco giant…
Nigeria Rejects IMF Loans Despite $50bn Global Financing Offer
ABUJA, Nigeria – Nigeria rules out seeking new financing from the International Monetary Fund, even as the lender prepares up to $50bn in support…
IMF Warns Middle East War Threatens Global Growth, Food Security
WASHINGTON, D.C. – The International Monetary Fund warns that the ongoing Middle East conflict could slow global economic growth and worsen food insecurity, even…
World Bank Flags Growing Gap Between Rich, Poor Economies
ABUJA, Nigeria – The global economy is showing unexpected resilience despite trade tensions and policy uncertainty, but this stability is concealing widening inequality between…
IMF Raises Global Growth Forecast but Warns of Trade War Risk
ABUJA, Nigeria – The International Monetary Fund (IMF) has revised upward its 2025 global growth projection to 3.2%, citing milder tariff shocks and favourable…