Fed Chair Powell Warns of Stalled Job Growth as High Rates, AI, and Energy Pressures Weigh on U.S. Economy

The U.S. economy may appear steady on the surface, but beneath that calm lies a growing strain that policymakers can no longer ignore. Federal Reserve Chair Jerome Powell has raised fresh concerns about the labor market, revealing that private sector job growth has remained essentially unchanged for the past six months. At first glance, the…

Power Minister Adebayo Adelabu Apologises to Nigerians, Promises Quick Resolution to Electricity Challenges

Nigeria’s Minister of Power, Adebayo Adelabu, has issued a public apology to citizens over the ongoing electricity challenges affecting homes, businesses, and industries across the country. Speaking at a press conference in Abuja, the minister acknowledged the hardship caused by the disruptions, particularly as the country experiences intense heat during the dry season. He expressed…

CBN Named Global ‘Central Bank of the Year’ 2026 Amid Major Economic Reforms

The Central Bank of Nigeria has been recognised on the global stage after clinching the prestigious “Central Bank of the Year” award at the 2026 Central Banking Awards, marking a significant milestone in the country’s financial recovery journey. The award, announced by the Central Banking Awards Committee, highlights the bank’s sweeping monetary and structural reforms…

Nigeria’s Power Crisis Deepens as DisCos Record ₦2.4 Trillion Losses in Two Years

Nigeria’s electricity challenges are worsening, with power distribution companies recording massive financial losses that are further destabilising the already fragile sector. Recent data from the Nigerian Electricity Regulatory Commission shows that electricity distribution companies, commonly known as DisCos, lost a combined ₦2.349 trillion between 2024 and 2025 due to persistent billing inefficiencies and weak revenue…