Economic News

The Organization of Petroleum Exporting Countries and Allies (OPEC+) is now producing 3.58 million barrels per day less than its targets, or about 3.5% of global demand, highlighting the oil...

Prudential Zenith Life Insurance Limited (“PZL”) has announced its audited financial results for the year ended 31st December 2021, recording a 75% growth in profit after tax (PAT) of ₦1.13b compared...

In August, the United States of America created 315,000 new employment to strengthen the economy in the face of deteriorating indicators. As the US is still recovering from losses incurred...

Yesterday in Abuja, at the conclusion of the most recent Monetary Policy Committee (MPC) meeting for 2020, CBN Governor Godwin Emefiele made this statement. "It is outrageous that even analysts...

The African Development Bank will receive a $5 million grant from the US government to boost regional efforts to reduce methane gas emissions, according to the US government. Methane is...

The Central Bank of Nigeria has announced that the eNaira platform won't be available for some time (CBN). On Thursday, CBN tweeted many times about this along with the news...

Nigerian economist and entrepreneur Anthony Onyemaechi Elumelu is one of Africa's leading investors and businessmen. Tony Elumelu, as he is popularly known across the world, believes strongly that the private...

Elon Musk's SpaceX and T-Mobile are teaming up to offer mobile users phone service via Starlink satellites, the companies announced on Thursday. The service will be particularly useful in areas...

Naziru Isyaku Rabiu has resigned from the board of BUA Foods Plc, one of Nigeria's biggest and publicly-traded food production companies. A corporate disclosure that was filed with the Nigerian...

The world's richest family saw its net worth slide on Tuesday after a profit warning led to Walmart stocks plunging 7.6%. The Walton family saw $11.4 billion of its fortune wiped...