Consumers desperate for relief from the scourge of sky-high petrol prices won’t get it soon, if the latest forecast from Goldman Sachs commodity analysts is anything to go by. In

The Central Bank of Nigeria (CBN) has said it is set to introduce the Unstructured Supplementary Service Data (USSD) code as part of steps to improve the Central Bank Digital

The costs of gas, food and other necessities jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged

Nigeria emerged West Africa’s largest recipient of Foreign Direct Investment (FDI), with its flows doubling to $4.8 billion, mainly due to a resurgence in investments in the oil and gas

Nigeria’s total public debt stock, comprising the debt obligations of the federal government, states and the Federal Capital Territory (FCT) rose from N39.56 trillion in December 2021 to N41.60 trillion

Two brothers from the wealthy Gupta family have been arrested in the United Arab Emirates, the South African government has announced. Atul and Rajesh Gupta are accused in South Africa

Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake

The proposed national carrier for Nigeria, Nigeria Air will receive its Air Transport Licence (ATL) from the Nigerian Civil Aviation Authority (NCAA) today in preparation for it to start operation

Stakeholders in Nigeria’s power sector have warned that the sector faces imminent collapse as a results of a myriad of challenges. Speaking with journalists om Sunday, they highlighted the acute

Nigeria’s federal government on Saturday explained that the drop in electricity generation was a result of the partial shutdown of the Oben gas plant for the repair of critical gas

Nigeria’s federal government has suspended plans to raise about $950 million in overseas bonds, as a result of unfavourable market conditions during the timeframe approved for the fundraising, the Minister

President Muhammadu Buhari on Thursday in Madrid, Spain, met with two Spanish companies doing business in Nigeria and assured them of a safe, secured and prosperous Nigeria for businesses to

For the first time since April 2020, when the Covid-19 pandemic hit the global oil industry, the Organisation of Petroleum Exporting Countries (OPEC) on Thursday increased Nigeria’s production quota to

Tesla CEO Elon Musk has a “super bad feeling” about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to

Stakeholders in the public finance accountability space in Nigeria on Thursday bemoaned the inability of the country to benefit from the exploitation of its natural resources, especially with skyrocketing oil

The federal government has explained why the $3.1 billion contract for complete automation of the Nigeria Custom Service (NCS) approved by the Federal Executive Council (FEC) in 2020 was reversed.

The world’s richest man appears to have had it with this whole working-from-home business. Elon Musk, chief executive officer of Tesla Inc., weighed in on the return-to-office debate Wednesday on

Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote has advised Nigeria’s federal government to introduce a single-digit tax regime to encourage investments in the downstream and

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr. Gbenga Komolafe, has said Nigeria lost about N434 billion (about $1 billion) to oil theft between January

With Nigeria’s fuel subsidy payout averaging N500 billion monthly, total expenditure on subsidy could hit a record N6 trillion mark by year-end, the International Monetary Fund (IMF) warned on Monday.