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Iran’s Khamenei vows no retreat as nationwide protests grow

Iran’s supreme leader Ayatollah Ali Khamenei says Iran will not back down as protests continue across the country over rising prices and economic hardship. The latest unrest has spread to major cities, with demonstrators complaining about high inflation, a weak currency and the rising cost of living.​ Khamenei accused some protesters of acting on behalf of foreign enemies and warned that the state would not tolerate what it calls rioters attacking public property. He said the Islamic Republic would not yield to pressure and described those involved in violence as mercenaries for outsiders.​ Authorities have limited internet access and disrupted communications as the protests have grown, leaving many parts of Iran largely cut off from the outside world. Domestic flights have been cancelled and local news websites have struggled to update, further restricting information from inside the country.​ Officials are […]

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Nigerians recall harsh 2025 but hope for relief in 2026

Many Nigerians say 2025 was one of the hardest years in recent times, marked by rising prices, insecurity and deep uncertainty. In spite of this, they are looking to 2026 with cautious hope that living conditions will improve.​ In Owerri, some residents described 2025 as a year of crippling hardship, especially for people in small businesses and daily trading. A trader, Chinonso Nze, said the economic climate was poor and that surviving the year felt like a miracle for many families.​ He blamed the hardship on high inflation and worsening insecurity that made travel dangerous in many parts of the country. According to him, kidnappings and attacks on highways left commuters feeling unsafe and afraid to move freely.​ Nze also expressed concern about a new tax regime expected to take effect in 2026, warning that it could further strain already […]

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Institute Seeks Regulatory Commission to Fix Nigeria’s Ailing Courier, Logistics Sector

Professor Simon Emeje, Chairman of the Courier and Logistics Management Institute (CLMI), has called for the urgent establishment of an independent regulatory commission to reposition Nigeria’s courier and logistics industry. Despite being Africa’s largest economy, Nigeria is among less than 3% of countries without such independent regulation, leaving the industry plagued by inconsistent tariffs, conflicting policies, and a harsh business climate. Emeje warned that stagnant regulation forces firms to close or shift sectors and lamented overlapping controls from customs and other agencies. He emphasized the need for technical, not political, oversight and expanded professional training in logistics. He noted the sector’s economic potential (valued at $60 billion, with assets up to ₦20 trillion) and called for logistics education in universities. Emeje also highlighted the long-delayed regulatory bill, drafted in 2005 but never enacted, and urged Nigeria to boost intra-African trade […]

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Lessons from Poland’s Industrial Agenda for Nigeria’s $1 Trillion Economy Goal

Poland’s economic rise—from post-communist instability in 1989 to the world’s 20th largest, $1 trillion economy—offers valuable lessons for Nigeria’s development aspirations. Despite an initial period of recession, unemployment, and inequality, Poland pursued rapid market reforms, increased transparency, and focused on local resources and innovation. Key drivers included: Strong investment in technology and private sector-led industrial growth Policy reforms supporting local content, manufacturing, and energy independence Gradual integration with major world economies, including the EU and NATO Emphasis on solving domestic problems, decarbonising power, and building human capital Poland’s energy transformation blends coal, gas, and renewables—offering Nigeria ideas for maximising its gas and coal reserves, improving electricity, and attracting foreign investment. The partnership potential is highlighted by ongoing Polish-Nigerian economic cooperation, especially in energy and trade. Major Polish companies and public-private initiatives in logistics, alternative fuels, and industrial technology demonstrate the […]

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Joke Silva Urges Action to Restore Tinapa Film Village

Veteran actress Joke Silva has called on the Nigerian government and stakeholders to revive the Tinapa Film Village in Calabar. She expressed concern about the neglected state of the facility, which was built to boost filmmaking, tourism, and entertainment in Nigeria. Speaking in Abuja, Joke Silva noted that Tinapa was designed as a major center for film production, complete with world-class studios and housing for filmmakers. However, she lamented that the site is now underused and its amenities are deteriorating. “It is sad to see Tinapa, which was created with so much hope, not living up to its original vision,” she said. “The film village had the potential to change Nigeria’s movie industry and offer jobs to many young people.” Tinapa Film Village was envisioned in the early 2000s to help make Cross River a leading destination for creativity and […]

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Africa Could Become World’s Fourth Largest Economy by 2050 – WTO

The World Trade Organisation (WTO) has projected that Africa could become the world’s fourth largest economy by 2050 if it fully harnesses its population growth, resources, and trade potential. WTO Director-General Ngozi Okonjo-Iweala said in an interview with CNN that trading within Africa remains far more expensive than with other regions, with intra-continental trade costs estimated to be about 20 percent higher. “It costs 20 percent more for us to trade with each other on the continent than with others externally,” she said, linking this to poor infrastructure, inefficient border management, and high transport costs. Despite these challenges, Okonjo-Iweala said Africa’s economic outlook remains promising. “The African continent has a lot of resources and a lot of things going for it. But there are also many challenges,” she noted. WTO data shows that only 18 percent of Africa’s exports remain […]

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Visit Nigeria Initiative Launched to Promote Tourism and National Image

A new national movement called the Visit Nigeria Initiative has been launched to reshape global perceptions of Nigeria and strengthen connections with the diaspora. Endorsed by the Federal Government, the initiative aims to position Nigeria as a top destination for tourism, culture, and investment. In a statement shared with The Guardian, the initiative’s Communications Office said the project was unveiled at a private event in Abuja. During the event, British-Nigerian strategist and author Charmaine Hayden was announced as the first Brand Ambassador. Hayden, known as a cultural commentator and former fund manager, has been recognized among the Financial Times’ 100 BAME Tech Leaders and Forbes’ Top 25 Black British Business People. She is the founder of the UK-Ghana Investor Group and advises several African governments on foreign investment strategies. The Visit Nigeria Initiative is described as a long-term platform combining […]

Chinese President Xi Jinping speaks at the APEC summit in South Korea, calling for global cooperation
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Xi Jinping urges global cooperation and free trade at APEC summit as Trump departs early

Chinese President Xi Jinping has urged world leaders to strengthen economic globalisation and uphold multilateralism at the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea — an event notably missed by US President Donald Trump. Xi took the spotlight during the two-day summit, which began on Friday, meeting with several regional leaders while Trump left South Korea a day earlier after signing deals aimed at cooling tensions in the ongoing trade war between Washington and Beijing. “The more turbulent the times, the more we must work together,” Xi said at the opening session. “The world is undergoing a period of rapid change, with the international situation becoming increasingly complex and volatile.” Positioning China as a champion of free trade, Xi warned against protectionist measures and economic decoupling — a veiled criticism of Trump’s “America First” policy and tariff-driven trade […]

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Trump Eyes ‘Great Deal’ with China Ahead of High-Stakes APEC Summit

As anticipation builds ahead of a pivotal U.S.-China meeting, former U.S. President Donald Trump has declared that he expects to seal a “great deal” with Chinese President Xi Jinping—one that could reshape trade relations between the world’s two largest economies. Speaking at a business luncheon on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju, South Korea, Trump described the expected deal as “something very exciting for everybody,” emphasizing that resolving tensions would be far better than “fighting and going through all sorts of problems.” The comments come as Trump prepares for his first face-to-face meeting with Xi since launching his second trade war against Beijing. The meeting, scheduled for Thursday in Busan, is expected to focus on tariff reductions, fentanyl production control, and rare earth mineral exports—issues central to the strained U.S.-China relationship. Trade Tensions, Tariffs, and […]

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ISSER Urges Government to Treat Waste Management as an Economic Growth Strategy

Experts from the University of Ghana’s Institute of Statistical, Social and Economic Research (ISSER) are calling on government to redefine waste management as an engine for economic growth, rather than treating it solely as a public health challenge. In a new policy paper titled “The High Cost of Improper Waste Management and Poor Sanitation on Ghana’s Economy,” the ISSER team argues that effective sanitation systems could generate billions in economic value, create new employment opportunities, and improve environmental outcomes. According to the report, every US$1 invested in sanitation could yield up to US$5.50 in economic returns, based on data from the World Health Organization (WHO). The researchers estimate that if Ghana were to dedicate just 1% of its GDP — approximately US$883 million — to sanitation and waste management, the country could generate as much as US$4.86 billion in overall […]

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