Nigeria’s Minister of State for Petroleum, Timipre Sylva on Friday denied there are plans by the federal government to increase the current price of premium motor spirit, popularly known as

The Organisation of Petroleum Exporting Countries (OPEC) on Thursday pruned the demand outlook for crude oil in the next two quarters, in keeping with the group’s plans to keep a

Exports and imports from Britain to the European Union plunged during the first month of the country’s new trade relationship with the bloc, according to data published on Friday with

Stakeholders in Nigeria’s capital market have hailed the final approval given by the Securities and Exchange Commission (SEC) and the Corporate Affairs Commission (CAC) for the demutualisation of the Nigerian

The Nigerian Stock Exchange (NSE) says it has completed its demutualisation process after it received final approvals of its demutualisation plan from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC). The

The proliferation of fintech services across Africa remains in full swing as investors remain bullish about the opportunities that abound in the sector. Flutterwave, African-focused payments company has announced that

The global economic outlook has brightened as vaccine rollouts gain speed and the United States launches a vast new stimulus package, the OECD said on Tuesday, hiking its forecasts. The

Tesla Inc’s stock extended losses on Monday and is now down by a third from its January record high, making it the third time in about a year that the

With the sustained rally of crude oil prices, there is pressure on Nigeria’s federal government to save the windfall as analysts and the organised private sector (OPS) predict a surge

Brent crude futures surged above $70 a barrel on Monday for the first time since the Covid-19 pandemic began, while US crude touched its highest in more than two years,

Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, on Saturday highlighted the benefits of the newly introduced “CBN Naira 4 Dollar Scheme,” an initiative aimed at incentivising senders and

The Central Bank of Nigeria (CBN) has introduced a scheme that rewards senders and recipients of international money transfers through CBN licensed International Money Transfer Operators (IMTOs). The CBN says

Foreign portfolio investors (FPIs) will not be barred from participating in the Open Market Operations (OMO) auctions, Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, has said. Emefiele, in

Boeing Co has raised concerns over the design of arch-rival Airbus’ newest narrow-body jet, the A321XLR, saying a novel type of fuel tank could pose fire risks. The US plane

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday warned against Nigeria repeating the mistakes of the past by neglecting agriculture. He said the country

Oil price rose from its biggest slump since November 2020, ahead of a key meeting of the Organisation of Petroleum Exporting Countries (OPEC) that may see some supply returned to

Volvo’s entire car line-up will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the