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

The IHS Markit/BME Germany Manufacturing PMI was revised slightly higher to 60.7 in February of 2021 from a preliminary reading of 60.6 and compared to 57.1 in January. It remains

The President of Dangote Group, Alhaji Aliko Dangote, has said that the Nigerian economy will be boosted by over $2.5 billion annually through foreign exchange savings and exports from the

The Nigerian National Petroleum Corporation (NNPC) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have cautioned motorists against panic buying as fuel queues returned in Abuja and Lagos over

China’s Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world’s largest telecommunications equipment maker, battered by

RwandAir is set to become the first African airline to trial the International Air Transport Association (IATA) Travel Pass to enable safe international travel. airline will begin a three-week trial

Fitch Ratings has revised downward its 2021 growth forecast for Nigeria to 1.6 per cent, from its previous expectation of 2.3 per cent. The global rating agency in a statement

Qantas’s chief executive said international travel might resume by the end of October if the country is fully-vaccinated, as the Australia’s largest airline announced losses in profits due to the

Carmaker Aston Martin said a turnaround plan would see it takes the first steps towards profitability and boost sales this year after a deep loss in 2020 when the firm

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday led a delegation from the corporation to engage with the Chief of Defence Staff (CDS)

Australia’s law forcing Google and Facebook to pay for news is ready to take effect, though the laws’ architect said it will take time for the digital giants to strike

The Board of Directors of the African Export-Import Bank (Afrexim) has approved $2 billion to support the purchase of 270 million doses of Covid-19 vaccines for African countries, including Nigeria.

Nigeria’s President Muhammadu Buhari has said his administration is now awake and will pursue a poverty reduction strategy that will usher in a “rapid, sustained, sustainable and inclusive economic growth”. The President

Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks, a problem which combined with an earlier recall is likely to cost the

Central Bank of Nigeria Governor, Mr. Godwin Emefiele, has said that the CBN acted in the nation’s best interest by ordering banks, non-banking and other financial institutions not to facilitate

A dive in Bitcoin’s price this week spilled onto Tesla shares, shaving more than $110 billion off the electric carmaker’s value and some $20 billion from CEO Elon Musk’s net

Nigeria’s Securities and Exchange Commission (SEC) says it is collaborating with the Central Bank of Nigeria and critical stakeholders to create a regulatory framework for cryptocurrencies and other digital assets. Lamido Yuguda, the Director-General of SEC

Nigeria’s economy will continue to sink as long as the country continues to practice deregulation, and that is according to Bala Zakka. Mr Zakka, a petroleum engineer and public affairs