Business & Economy

Gold prices fell more than 1% on Thursday as traders recalibrated U.S. rate expectations amid surging oil prices and ongoing Middle East uncertainty. Spot gold dropped 1.2 percent to $4,451.47...

The Nigerian Electricity Regulatory Commission (NERC) has taken a significant step toward strengthening Nigeria’s evolving electricity market with the inauguration of a new collaborative platform designed to improve regulatory coordination...

A Federal High Court in Lagos has nullified the Central Bank of Nigeria's (CBN) January 2024 removal of Union Bank's board and management, ruling that the apex bank overstepped its...

NNPC Ltd. CEO Bayo Ojulari says Nigeria's oil and gas sector is done with promises—the next decade belongs to execution. Speaking at the prestigious CERAWeek Leadership Dialogue, hosted by S&P...

The Central Bank of Nigeria (CBN) has directed all International Money Transfer Operators (IMTOs) to open dedicated naira settlement accounts with authorized dealer banks in a move set to overhaul...

Global oil markets tumbled on Wednesday after the US delivered a sweeping 15-point proposal to Iran aimed at ending the Middle East war, sending benchmark crude prices tumbling more than...

Gold staged a sharp rebound on Wednesday, climbing as much as 2 percent before settling 1.6 percent higher at $4,545.34 an ounce by 07:51 GMT, its strongest one-day gain in...

The Chinese arm of German luxury automaker BMW is recalling 179,527 vehicles in the country after regulators identified a wiring flaw in the front-cabin air conditioning system that could damage...

The Bank of Israel has delivered a sobering verdict on the cost of two years of unrelenting conflict: the bank said that Israel has lost roughly $57 billion, which is...

Residents and businesses in Lagos woke up to another day of flickering lights and silent generators on Tuesday, as Ikeja Electric confirmed a sharp drop in electricity supply caused by...