Prescription drug prices in the United States have recorded their sharpest annual decline in more than six decades, offering a rare sign of relief for consumers even as broader healthcare costs continue to rise. Prices for prescription drugs fell 3.1 per cent in the 12 months through July 2026, marking the steepest year-on-year decline since…
The United States Securities and Exchange Commission (SEC) has postponed a meeting that was expected to advance its proposed Regulation Crypto framework, delaying a closely watched step in the agency’s efforts to establish clearer rules for digital assets. The SEC had scheduled the meeting for Friday, August 14, with a single agenda item focused on…
US stocks have reached another major milestone, with the S&P 500 climbing above 7,800 for the first time as strong technology shares and improving investor sentiment continue to push Wall Street higher. The benchmark index rose sharply on Thursday, August 13, reaching a new record and accelerating its recent run. The S&P 500 was up…
U.S. President Donald Trump has claimed that Iran has privately agreed to the terms being sought by Washington, but is unwilling to publicly acknowledge the understanding. Trump said Tehran had accepted what the United States was asking for but was reluctant to confirm it openly, suggesting that Iranian leaders were concerned about how such an…
South Africa remains safe for Nigerians and other international visitors, according to the South African Consul-General to Nigeria, Prof. Bobby Moroe, who has encouraged Nigerians to continue visiting the country despite concerns over reported attacks involving foreign nationals. Moroe made the remarks during an interview on Nigerian Info FM, where he addressed concerns surrounding the…
Nigeria and Canada have taken a significant step toward strengthening diplomatic and economic ties by signing an expanded air transport agreement that will pave the way for direct scheduled flights between the two countries for the first time. The landmark agreement, signed in Abuja, is expected to improve air connectivity, boost trade, promote tourism, encourage…
The Kevin Warsh-led Federal Reserve could raise interest rates as early as September if upcoming inflation data shows that price pressures remain persistent, according to a report that has heightened investor attention ahead of key economic releases. The possibility of another rate hike marks a shift from expectations that the central bank might begin lowering…
President Bola Tinubu has called on the People’s Republic of China to establish a strategic partnership with Nigeria focused on geophysical data sharing, technology transfer, and technical cooperation to unlock the country’s vast marine resources and accelerate the growth of its blue economy. The proposal, which emphasizes collaboration over traditional foreign assistance, was disclosed by…
U.S. President Donald Trump has publicly criticized energy giants ExxonMobil and Chevron for posting massive profits during a period of elevated global oil prices, arguing that American consumers should benefit through lower fuel costs. Speaking to reporters at the White House on Monday, Trump said the two oil companies had earned excessive profits as a…
The U.S. Treasury market could come under renewed pressure if the Federal Reserve does not provide a clearer roadmap for achieving its 2% inflation target, according to Bank of America strategist Mark Cabana. In a research note released on Tuesday, Bank of America said it expects the Federal Reserve to leave interest rates unchanged at…
