By ALIYU AMINU ABUBAKAR ABDULLAHI (A. A. A. A.) SHEHU Turkey Takes the Economic Lead TURKEY has emerged as the world’s largest Muslim-majority economy by nominal Gross Domestic Product (GDP), overtaking both Indonesia and Saudi Arabia in a development that reflects changing economic dynamics across the Islamic world. Recent international economic estimates place Turkey’s economy […]
By FRANKLIN FRANCIS FREY The Persistent Myth of Easy Prosperity FEW economic ideas are as politically attractive—or as dangerously misunderstood—as the belief that governments can simply print more money to solve financial problems. Whenever countries experience recession, unemployment, budget deficits or mounting public debt, calls often emerge for governments to “print more money” to stimulate […]
By LIM TEAN Beyond De-Dollarisation: Is Russia Trading Dollar Dependence for Yuan Dependence? Russia-China Trade Reaches Historic Currency Shift ONE of the most significant developments in global finance since the escalation of the Russia-Ukraine conflict has been the near-complete removal of the United States dollar from trade between Russia and China. According to Russian government officials, […]
US-Iran Conflict Enters New Phase Over Strait of Hormuz THE conflict between the United States and Iran has entered a more volatile phase, with both countries shifting their focus from conventional military operations to a strategic struggle over control of the Strait of Hormuz, one of the world’s most important maritime trade corridors. Fresh US […]
Middle East Conflict Enters Dangerous New Phase RENEWED military confrontation between the United States and Iran has intensified geopolitical tensions, disrupted global energy supply routes and prompted fresh concerns over the outlook for the world economy. The latest escalation followed the collapse of a fragile ceasefire brokered in June, after Washington accused Iran of attacking […]
Low Oil Inventories Renew Concerns Over Energy Prices A senior executive at ExxonMobil has warned that declining crude oil inventories in the United States could expose consumers to significantly higher fuel prices if supply conditions tighten further. Speaking at the Bernstein Strategic Decisions Conference in New York, ExxonMobil Senior Vice-President Neil Chapman said commercial petroleum […]
Energy Shock Reverberates Across Developing Economies THE escalating crisis in the Middle East is creating fresh economic challenges for emerging markets, with countries such as Nigeria facing growing inflationary pressures as global oil prices climb. According to recent findings highlighted by the McKinsey Global Institute’s Global Economics Intelligence report for April 2026, geopolitical tensions in […]
A Warming Global Economic Warning A new report by the World Economic Forum (WEF) has raised concerns over increasing fragmentation in the global financial system, warning that geopolitical tensions, trade restrictions, and economic rivalries are imposing heavy costs on the world economy. The report suggests Nigeria and other emerging markets could be among the hardest […]
Sanctions and the Currency Shock THE geopolitical fallout from the Russia–Ukraine War has triggered one of the most significant shifts in global financial architecture in decades. Following sweeping sanctions imposed by the European Union and the United States, Russia moved aggressively to reduce its dependence on the US dollar in international trade—particularly in energy transactions. […]
Rising Tensions Within OPEC+ SPECULATION about the possible exit of the United Arab Emirates from OPEC has reignited debate about the stability of the global oil alliance known as OPEC+. While no formal withdrawal has occurred, underlying tensions have been building for years, particularly around production quotas. The UAE, one of the group’s fastest-growing producers, […]