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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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Trump warns Iran over protest deaths as unrest spreads

U.S. President Donald Trump has warned that the United States is “locked and loaded” and ready to intervene if Iranian security forces violently kill protesters during the latest wave of anti government demonstrations.​In a statement and social media posts, he said Washington would “come to the rescue” of peaceful protesters if Iran follows what he called its “custom” of shooting people to crush dissent.​ The warning comes as nationwide protests in Iran entered their fifth day, with at least several people reported killed and dozens injured in clashes with security forces over deepening economic hardship and political grievances.​Demonstrations, initially sparked by soaring inflation, the collapse of the rial and rising living costs, have spread to new cities including the religious centre of Qom, where crowds have openly called for an end to the ruling theocracy.​ Trump’s comments raise the pressure […]

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Tinubu says new tax laws will boost prosperity

President Bola Ahmed Tinubu has assured Nigerians that his government’s new tax regime will support shared prosperity, sustained growth and long-term economic stability.​In his New Year message, he said the reforms are meant to harmonise taxes, end multiple taxation, raise revenue sustainably and strengthen funding for infrastructure and social programmes, not to overburden citizens.​He praised states that have already adopted harmonised tax laws, noting that a streamlined system will reduce excessive levies and improve Nigeria’s fiscal foundation.​ Tinubu said the difficult reforms carried out in 2025 are already producing measurable gains despite global economic headwinds, and that more benefits will reach ordinary Nigerians in 2026.​He highlighted a growth plan to bring at least 10 million Nigerians into productive economic activity by empowering at least 1,000 people in each of the country’s 8,809 wards through agriculture, trade, food processing and mining.​The […]

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2026 marks stronger phase for Nigeria’s economic growth

President Bola Tinubu says 2026 will mark the start of a stronger phase of economic growth for Nigeria built on reforms carried out in 2025.In his New Year message, he explained that the country closed 2025 with steady GDP growth, more stable exchange rates and inflation falling toward government targets.​He noted that annual GDP growth is expected to exceed four percent for 2025, with trade surpluses and better investor confidence helping to stabilise the economy.​ Tinubu said his government will focus in 2026 on reducing inflation further so that prices of goods and services become more manageable for households.​He added that the aim is to ensure that the benefits of economic reforms are felt by every Nigerian home, not just by big companies or investors.​According to him, this includes creating more jobs, protecting incomes and improving living standards through targeted […]

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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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Trump tells Americans ‘the best is yet to come’ ahead of national address

President Donald Trump has told Americans that “the best is yet to come” as he prepares to deliver a nationally televised address from the White House, promising to outline what he sees as major achievements and future plans for the country. The primetime speech, scheduled for Wednesday at 9 p.m. Eastern Time, comes as recent polls show growing public dissatisfaction with his handling of the economy and cost of living.​ In a social media post announcing the address, Trump said it had been “a great year” for the United States and insisted that better days lie ahead. He is expected to use the speech to defend his economic agenda, immigration policies and security measures, while arguing that his administration is steering the country towards renewed prosperity.​ The president is likely to emphasise job creation, stock market gains and efforts to […]

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More Money For Govt Yet Nigerians Get Poorer

A new analysis has shown that funds shared by the Federation Accounts Allocation Committee to the three tiers of government have surged sharply in the last four years, yet living conditions for most Nigerians keep deteriorating. The report revealed that total FAAC allocations jumped from about N9.18 trillion in 2022 to N10.9 trillion in 2023 and N15.26 trillion in 2024, an increase of roughly 66 percent within two years.​ Despite this rise in public revenue, poverty indicators remain grim, with more households struggling to afford food, transport, health care and housing. Rising inflation, weak job growth and the impact of subsidy removal have combined to wipe out any potential benefits of higher government earnings for ordinary citizens.​ Data in the report show that states and local governments have also benefited significantly from the higher inflows, receiving record amounts from FAAC […]

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La BCEAO maintient ses taux directeurs

La BCEAO maintient sa politique monétaireLa Banque centrale des États de l’Afrique de l’Ouest a décidé de conserver ses taux directeurs au même niveau, indique Togo Matin dans son édition de mercredi. Le taux directeur principal demeure fixé à 3,25 %, un choix qui traduit la volonté de la BCEAO de préserver la stabilité monétaire alors que l’environnement économique reste fragile au sein de l’UEMOA. D’après le journal, cette orientation s’inscrit dans une démarche de prudence : elle vise à maîtriser les pressions inflationnistes tout en accompagnant la dynamique de reprise observée dans les pays de l’Union.

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Trump Signs Order Cutting Tariffs on Beef, Coffee, and Other Essential Imports

President Donald Trump signed an order exempting agricultural imports such as beef, bananas, coffee, tomatoes, and more from US tariffs, effective Thursday, to mitigate cost-of-living pressures. This move comes as American voters face rising prices, especially for beef and coffee, which have jumped roughly 20% this year due to climate shocks and disrupted trade. The tariff exemptions also include avocados, coconuts, and pineapples—products not grown in the US in sufficient quantity. Coffee industry leaders praise the decision, saying it will stabilize prices for consumers and secure supply for businesses. The order follows new trade deals with Argentina, Guatemala, Ecuador, and El Salvador, which also benefit from tariff waivers for certain agricultural goods. While Trump’s administration maintains tariffs on some items to address perceived unfair trade practices, these exemptions specifically target commodities critical for domestic demand and affordability. Policymakers acknowledge that […]

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 Nigeria’s Economy Grows But Poverty Still Rising – Report

A new economic report reveals a difficult reality for Nigeria: while the national economy is showing signs of recovery, the number of people living in poverty continues to increase. The report by Quartus Economics states that Nigeria's economy began to stabilize and grow in 2024. It credits this improvement to the "bold but necessary" reforms implemented by President Bola Tinubu in 2023, primarily the removal of the costly fuel subsidy. However, this economic growth has not yet translated into better living conditions for many citizens. The report highlights that the damage from the previous decade (2014-2023) was severe. During that time, the economy shrank significantly in dollar terms while the population grew by over 40 million people. This combination of a smaller economy and a larger population pushed an additional 65 million Nigerians below the poverty line. The report concludes […]

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