supply chain

Construction

Construction Spending Declines as Material Costs Surge and Tariffs Loom in the Horizon

The construction sector in Nigeria has been facing a growing challenge as the industry sees a significant decline in overall spending, largely attributed to rising material costs. This shift has impacted the ability of contractors and project managers to maintain their budgets and timelines, leading to a ripple effect across engineering, procurement, and construction industries

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Forex News

Germany’s IFO Business Climate Index Beats Estimates in January

Germany’s business confidence improved more than expected in January, as the IFO Business Climate Index showed a stronger-than-anticipated rise. This increase signals renewed optimism among companies despite ongoing economic challenges. Since inflationary pressures and weak demand have weighed on business activity, the latest data suggests that sentiment may be shifting in a more positive direction.

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