Data from the Central Bank of Nigeria has shown that the country’s trade surplus rose year-on-year (YoY) by 69 per cent. This is an increase to $11.58 billion in the first ten months of 2022 (January to Read More
Tags :Economy Update
Bloomberg reports that the unemployment rate in South Africa has surged to the highest on a global list with 82 countries.According to Statistics South Africa, the unemployment rate rose from 34.4% to 44.4% in the second quarter Read More
The Togolese government has revealed its plans to revive its once struggling cotton sector through its recent privatization and industrialization efforts.At a press conference held in mid-June, the chairman of the board of directors Read More
The African Development Bank has said the intervention package of its $10 billion COVID-19 relief facility which has it began disbursing since the heat of the pandemic in 2020 is boosting the recovery of several African countries.Read More
Experts have revealed that the food crisis situation in West Africa might worsen between June and August 2021, with as many as 27 million people needing immediate food aid.Currently, 20 million people face a food crisis in Read More
New reports have shown that 770,000 people signed up for unemployment benefits in America despite reported steadily recovering economy.The report from the US Department of Labour on Thursday showed that jobless claims climbed from 725,000 from Read More
The Labor Department has said the unemployment rate in the US fell to 6.3%, down 0.4 percentage points from December.Despite the steady economic growth, the US economy has only been able to add only 49,000 jobs in Read More
Amazon has been ordered to pay almost 62 million to flex workers following the outcome of a recent probe by the U.S. Federal Trade Commission (FTC). Amazon is to officially pay $61.7 Read More
