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Currency Devaluation Impacts Wealth of African Millionaires, 1,600 Nigerians Dropped From Dollar Millionaire List...
In a recent report by Henley and Partners, currency depreciation and underperforming stock markets swept off the wealth of Africa's millionaires.
This erosion of...
World Bank Report: Rising Inflation Pushed 10 Million Nigerians into Poverty in 2023
According to the World Bank's 'Macro Poverty Outlook for Nigeria: April 2024', rising inflation coupled with weak earnings resulted in 10 million Nigerians slipping...
US Sanctions Woke China, and Today American Firms Are Losing Ground in China
The periwinkle rarely drops the precious gems until it is cracked. For years, China has possessed latent capabilities in the semiconductor industry. But magically, to...
China’s Semiconductor Industry Surges 40% Amid US Trade Restrictions
In the wake of US trade restrictions on advanced chip-making equipment, China's integrated circuit (IC) output witnessed a remarkable surge of 40% to 98.1...
Nigeria’s FX Reserves Not Being Used to Defend the Naira – Central Bank Governor
Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has sought to allay concerns surrounding the country's declining external reserves, which have...