Economic News

U.S. West Texas Intermediate (WTI) crude futures were at $60.44 per barrel at 0032 GMT on Monday, down $1.50 per barrel, or 2.4 percent, from their last settlement. Oil prices...

Energy giant Royal Dutch Shell on Thursday said net profit edged higher to $6 billion in the first quarter, with the advance capped by cooler oil prices and a dip...

The International Monetary Fund, IMF, has said Nigeria and South Africa will continue to draw back the economic growth of the rest of Sub-Saharan Africa if steps are not taken...

The dollar climbed across the board on Tuesday as financial markets re-opened after the Easter holiday and traders favored the greenback ahead of the release on Friday of U.S. gross...

World Bank loan portfolio in Nigeria now stands at $8.67bn, an investigation has shown. Loans from the International Development Association, one of the three arms of the World Bank, make...

  Trading on the Nigerian Stock Exchange (NSE) resumed after the Easter holidays on Tuesday with a loss of 0.03 percent. Specifically, the All-Share Index shed 10.31 points or 0.03...

The Organisation of the Petroleum Exporting Countries (OPEC), is upbeat at the prospect of the Dangote Oil Refinery, in driving world crude oil refining capacity increase especially in Africa by...

The National Production Monitoring System recently deployed by the Department of Petroleum Resources as an accounting solution for crude oil and gas is expected to engender transparency, curb crude oil...

World oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major...

After hearing Microsoft Corp. co-founder Bill Gates give a speech about the internet three decades ago, Eric Yuan decided he wanted to become part of the Silicon Valley dot-com boom....