Business & Economy

Tesla's sales in Europe saw a sharp decline of 49 percent in January and February compared to the same period last year, according to the ACEA Manufacturers’ Association. Aging models...

Samsung Electronics co-CEO Han Jong-hee, who played a key role in establishing the company’s leadership in the global television market, died of a heart attack Tuesday, aged 63, the company...

The Federal Government of Nigeria seeks to learn from Egypt’s expertise in power generation and transmission, describing the North African country as a role model in the energy sector. The...

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has emphasized that the proposed tax reform bill will be crucial in eliminating regulatory hurdles and fostering the expansion of...

UK Finance Minister Rachel Reeves announced plans to cut government operational costs by 15 percent within four years as she grapples with strained public finances. Her comments came ahead of...

Nigeria remains open to cryptocurrency companies despite its ongoing $80 billion lawsuit against Binance, according to Information Minister Mohammed Idris. The government sued Binance in February over alleged economic losses...

The naira recorded a slight appreciation of 0.16 percent to 1530.52/$ from 1532.93/$ in the previous trading session on the Nigerian Foreign Exchange Market at the close of trading on...

Dangote Refinery has announced a temporary suspension of petroleum products to the domestic market in Naira, following the failure of the Federal Government to renew the crude-for-Naira deal, the company...

Nigeria and Brazil have officially signed the commercial phase of the $1.1 billion Green Imperative Project (GIP) deal as part of measures to ensure food security in Nigeria. According to a...

Billionaire businessman Aliko Dangote has announced plans to build a seaport and expand cement production in Ogun State. He revealed this during a meeting with the Ogun State officials on Monday. Dangote told...