Business & Economy

The Federal Government moved swiftly yesterday to dispel mounting speculation about the future of the troubled Ajaokuta Steel Company Limited, with officials insisting the decades-old industrial project remains structurally sound...

Oil prices retreated on Friday morning, declining despite expectations that this week's Federal Reserve interest rate cut would stimulate fuel consumption, as persistent demand concerns continue to weigh heavily on...

The Nigerian naira maintained relative stability against the British pound this week, trading at N2,035 to the pound in the official market on Thursday, as economic fundamentals continue to show...

Gold prices remained largely unchanged on Friday, trading in a narrow range as investors digested the Federal Reserve's latest monetary policy decision and reassessed the outlook for future rate cuts....

Global currencies swung wildly on Friday after the Bank of Japan (BOJ) surprised investors, while political chaos in major economies continues changing how markets expect central banks to act. The...

The U.S. dollar mounted a strong recovery on Thursday, climbing 0.5% against a basket of major currencies after Federal Reserve Chair Jerome Powell tempered expectations for aggressive rate cuts, despite...

Nigeria's downstream petroleum sector is witnessing a dramatic escalation in tensions as the Dangote Petroleum Refinery and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) engage in a...

The Nigerian government has distributed ₦330 billion directly to poor and vulnerable households through its National Social Safety-net Coordinating Office, Finance Minister Wale Edun announced during a press briefing in...

China's central bank opted to keep its benchmark interest rate unchanged on Thursday, signaling a measured approach to monetary policy even as the U.S. Federal Reserve moved to cut rates...

Oil markets stumbled on Thursday morning, with both major crude benchmarks retreating despite the Federal Reserve's decision to cut interest rates for the first time in over four years, as...