Black Thursday

In his re­cent bud­get pre­sen­ta­tion, Fi­nance Min­is­ter Dave Tan­coo said the gov­ern­ment has “se­ri­ous lo­cal and in­ter­na­tion­al in­vestors” and “will restart the Guaracara Re­fin­ery at Pointe-a-Pierre”. Good. But nev­er for­get the shut-down, the ‘Petrotrin Sin’ by the last ad­min­is­tra­tion in which for­mer Fi­nance Min­is­ter Colm Im­bert was a piv­otal fig­ure.…

Advertisement Bringing Back Fuel Subsidy Will Crash Naira to N4,000/$ — Finance Minister The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has cautioned that any attempt to reintroduce petrol subsidy would trigger capital flight, erode investor confidence, and push the naira to as low as N4,000…

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Borrowing costs have surged above 6% - their highest level in nearly three decades...Read More

Gaetan Babout moved to New Caledonia 14 years ago, seeking a quieter life in the South Pacific territory that shares his mother tongue. But when deadly riots sparked by proposed voting reforms engulfed Nouméa in 2024, Mr Babout, who is from France originally, found himself on the front line of…

TLDR The Dow, S&P 500, and Nasdaq all fell Friday after a stronger-than-expected August jobs report The US economy added 162,000 jobs in August, far above the 55,000 forecast Traders raised their bets on a September Fed rate hike to around 60% odds Lululemon stock crashed 16% after cutting its…

Pakistan’s Eid-ul-Azha economy has reportedly witnessed a significant slowdown this year, with traders and business groups claiming that overall commercial activity declined by as much as 60 percent compared to previous years. According to retailers and market representatives, rising inflation, heavy taxation, and increasing financial pressure on households severely affected…

The Minister of Solid Minerals Development, Dele Alake, Thursday said the removal of fuel subsidy by President Bola Tinubu in 2023 stopped Nigeria’s economy from crashing. He said this at the 2026 Nigeria Revenue Service-Ministry of Solid Minerals Development (NRS-MSMD) joint stakeholder sensitisation programme (North Central), Thursday. He stated that…

The Minister of Solid Minerals Development, Dele Alake, has said that the removal of fuel subsidy by the President Bola Tinubu’s administration in 2023 saved Nigeria’s economy from crashing. Mr Alake stated this during the 2026 Nigeria Revenue Service-Ministry of Solid Minerals Development (NRS-MSMD) joint sstakeholder sensitisation programme (North Central).…

Someone at Blizzard definitely forgot a decimal point, because Diablo 4 players are currently abusing a ridiculous 900% gold drop exploit in Lord of Hatred. Opportunistic grinders are pulling in billions per run before the devs even have a chance to hotfix it...Read More