The Organisation of Petroleum Exporting Countries (OPEC) has predicted that despite increasing stability in the demand for crude oil by China and India, there will be a reduction in the

The Nigerian National Petroleum Corporation (NNPC) has said it remitted N47.42 billion (about $122m) to the Federation Account Allocation Committee (FAAC). “From August 2019 to August 2020, total NNPC remittances to

Nigeria’s inflation rate increased by 14.23% (year-on-year) in October 2020, this is 0.06% higher than the rate recorded in September 2020 (13.71%). Rising food prices continued to be the primary

Asian stocks hit a record high on Monday as vaccine optimism and strong economic data from China and Japan outshone worries about rising coronavirus cases, lifting just about every sector.

Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy. The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian

Nigeria’s Federal Inland Revenue Service (FIRS) has disclosed that receipts from tax, which were previously supplementary, now account for about 70% of Nigeria’s total revenue. FIRS said other revenue lines,

There were indications on Friday that the naira had fallen to its weakest level in six weeks in informal trading as Central Bank of Nigeria (CBN) interventions in the official

Moody’s Investor Service has affirmed the African Development Bank’s AAA credit rating, with a stable outlook. “The credit profile of African Development Bank (AfDB) is supported by the bank’s robust

The Nigerian government is in the process of accessing a $750m World Bank loan on behalf of states, the country’s Minister of Finance, Budget and National Planning, Zainab Ahmed, announced

The Nigerian Stock Exchange has announced that a market-wide circuit breaker kicked in Thursday at 12:55p.m, when the NSE All-Share Index (NSE ASI) rose beyond the set threshold of 5%,

US Federal Reserve Chairman Jerome Powell said the economy continues to need help despite progress toward a Covid-19 vaccine, suggesting that the US Congress “may have to do more” to

The UK economy expanded the most on record in the third quarter, a rebound that’s since been undermined by an increase in virus cases and new restrictions on businesses. Growth

The African Development Bank and the Government of Uganda have signed a $500,000 grant agreement for financing of Micro, Small and Medium Enterprises (MSMEs) to boost business linkages on the

Pfizer CEO Albert Bourla filed to sell millions of dollars of his company’s stock on Monday – the day the pharmaceutical giant announced positive data about its coronavirus vaccine. The

The US Federal Aviation Administration is in the final stages of reviewing proposed changes to Boeing Co’s 737 MAX and expects to complete the process in the “coming days,” the

The United Nations (UN) has boosted Nigeria’s Economic Sustainability Plan with $250 million. The offer, which is aimed at complementing Nigeria’s COVID-19 economic recovery efforts under the Nigerian Economic Sustainability