In Lagos, Nigeria, a building collapses almost every two weeks. The impact is devastating, with countless lives lost beneath the ruins. These frequent tragedies reveal deep flaws in governance and rampant corruption. Regulations exist, but their enforcement is inconsistent and often ignored. Buildings fall, taking lives and futures with them, and no one is held […]
Related Posts
Petrobras Hits Record Market Value
Brazilian oil firm Petrobras reached a new valuation high of R$ 552 billion ($112 billion) due to strong growth and rising share prices. PETR3 shares grew over 8%, and PETR4 shares went up more than 9% since January. This growth shows the company’s strong performance and its impact on the market. President Jean Paul Prates […]
Third Consecutive Day of Dollar Decline Against Real
The U.S. dollar continued its downward trend against the Brazilian real, marking its third consecutive day of decline. This trend aligns with falling Treasury yields globally, as investors respond to recent U.S. inflation data and GDP reports. On Thursday, the spot dollar closed at 4.9228 reais, reflecting a 0.19% drop. Over three days, the currency […]
Angola Faces Steep Drop in Current Account Amid Oil Export Slump
In 2023, Angola saw its current account surplus dramatically decrease by 64.2% from the previous year, ending at $4.2 billion. This significant shrinkage was mainly due to a steep decline in oil export revenues. From a robust $11.76 billion in 2022, the balance plummeted to $4.21 billion in 2023. The National Bank of Angola (BNA) […]