Business & Economy

Transcorp Hotels Plc, one of Nigeria's leading hospitality companies, has delivered a stellar third-quarter performance, with pre-tax profit surging 70.6% to N10.1 billion from N5.9 billion in the corresponding period...

The Nigerian construction industry is reeling from an unprecedented surge in steel rod prices, with some sizes experiencing increases of up to 210% between 2023 and 2025, forcing developers and...

The World Bank is set to resume concessional lending to Uganda with more than $2 billion in new financing over the next three fiscal years, ending a contentious, nearly two-year...

Global oil prices extended their losing streak for a second consecutive session on Tuesday, with benchmark crude futures sliding deeper into territory not seen since the spring as the twin...

Gold prices pulled back from record territory on Tuesday as investors took profits following Monday's historic rally, while a strengthening dollar added downward pressure on the precious metal that has...

The Indian rupee clawed back most of its early gains to close modestly higher on Monday, in a trading session marked by what market participants describe as calculated intervention by...

The Nigerian naira came under renewed pressure in the foreign exchange market last week, sliding against the US dollar despite sustained efforts by the Central Bank of Nigeria to shore...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has emerged as a cornerstone of federal government revenue generation this year, transferring N6.215 trillion to the Federation Account between January and September...

The U.S. dollar posted modest gains against the Japanese yen while slipping marginally versus the euro on Monday, as currency markets navigated a complex landscape of political developments across major...

Nigeria's manufacturing sector faces a deepening crisis as its reliance on imports of raw materials surges, dealing a significant blow to the government's long-standing import substitution strategy and raising urgent...