Tag: rates
Mortgage Rates Jump in Response to Geo-Political Uncertainty
What happened to mortgage rates this week? Mortgage rates jumped 11 basis points to 6.11% this week as volatility caused by geo-political uncertainty outweighed relatively soft economic data. The ongoing conflict in Iran has stoked fears of wartime inflation, sending yields on the 10-year Treasury climbing and driving mortgage rates higher. This shift comes despite
High Interest Rates Threaten Growth, Stakeholders Warn CBN
CBN Governor, Olayemi Cardoso High interest rates remain a major concern for businesses, with stakeholders warning that persistently tight monetary policy could slow economic growth and limit access to credit. President of the Enugu Chamber of Commerce, Industry, Mines and Agriculture, Nnanyelugo Onyemelukwe, said the Central Bank of Nigeria’s (CBN) reforms have strengthened transparency and
Amid low flu vaccination rates, rising morbidity, health officials clash over inoculation policies
Jerusalem Post / Health & Wellness Israeli health officials call for sanctions on anti-vaxxers as flu morbidity rate rises Only 17% of Israelis have been vaccinated; health fund CEOs are divided over sanctions versus accessibility. A patient at a Maccabi Health Center in Jerusalem receives a vaccination against the 'H1N1' swine flu. Israeli health authorities
Mortgage Rates to Fall Following Weak July Jobs Report
Mortgage rates will fall today following a weaker-than-expected jobs report that increases the odds of a September rate cut. U.S. employers added 73,000 jobs in July, fewer than the roughly 100,000 expected by forecasters. Almost all of the job creation previously reported for May and June was revised away and the unemployment rate ticked up
Mortgage rates surge over 7% as tariffs hit bond market
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February. Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went into effect.
IMF: BoJ likely to raise interest rates again this year
Nada Choueiri, Deputy Director of the International Monetary Fund’s (IMF) Asia-Pacific Department and its mission chief for Japan, said on Friday that the “Bank of Japan (BoJ) is likely to raise interest rates again this year.” Additional quotes See them reaching levels deemed neutral to the economy by end-2027...
Mortgage rates stay calm before possible tariff enforcement
Last week, the housing data demonstrated stability even as we approached potential tariff enforcements starting on Saturday...
Tax rates and bonuses: What changes for employees in Italy in 2025?
Italy’s newly passed budget brings a series of changes that will affect workers' paychecks, tax rates and various benefits starting in 2025...
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“2027 election campaign has officially kicked off” – Isaac Fayose backs Peter Obi
Isaac Fayose has declared that the 2027 election campaign has begun and called on Nigerians to support Peter Obi, while describing the APC-led government as a “failed government.” His comments have generated mixed reactions online, with some Nigerians backing Obi and others urging voters to simply support their preferred candidates. Nigerian businessman and social commentator
Nigeria's
Nigeria’s N11.9 Trillion Debt: FG Cites Subsidy Removal as Fiscal Stabiliser
The Federal Government has disclosed that it borrowed N11.9 trillion between June 2023 and December 2025, asserting that recent economic reforms prevented the nation’s debt profile from escalating significantly higher. According to data released in a recent report, the N11.9 trillion figure reflects the government’s efforts to finance budgetary deficits and critical infrastructure projects during
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MeTL Group to invest $250 million in Mozambique expansion
Tanzania’s MeTL Group has announced a $250 million investment plan to expand its operations into Mozambique, a move expected to create approximately 20,000 jobs across the country. The capital injection, led by the conglomerate’s founder and billionaire Mohammed Dewji, marks a significant strategic push to deepen the group’s footprint within the Southern African Development Community
Kebbi
Kebbi Releases N172m to Avert University Staff Strike
The Kebbi State government has released N172.15 million to settle outstanding staff allowances at Abdullahi Fodio University of Science and Technology, in a move intended to prevent an imminent industrial action by the Academic Staff Union of Universities (ASUU). The disbursement follows a period of escalating tension between the university’s academic staff and the state
Hospitality
Hospitality Ventures Management Group Announces Appointment of Pete Sams as President
Photo Credit: Hospitality Ventures Management Group ATLANTA, Georgia—Hospitality Ventures Management Group (HVMG) announced that Pete Sams has joined the company as president. In this role, Sams will oversee the day-to-day business and be responsible for company performance. “After a thoughtful and diligent search process and spending significant time getting to know Pete both personally and