Business & Economy

The U.S. dollar maintained a steady course on Thursday as traders parsed through a contradictory batch of economic data, seeking clarity on the American economy's trajectory while bracing for what...

The naira weakened slightly against the US dollar in the second week of January, ending Wednesday's trading at N1,421 per dollar on the official foreign exchange market, Central Bank of...

Nigeria's Budget Office of the Federation has mounted a vigorous defense of its decision to repeal and reenact the 2024 and 2025 Appropriation Acts, pushing back against mounting criticism that...

Nigeria's beleaguered currency could be on track for a meaningful recovery this year, with the naira expected to strengthen to between N1,350 and N1,450 against the dollar, according to a...

The U.S. dollar maintained a narrow trading range on Wednesday as investors positioned themselves ahead of a crucial wave of American economic data that could reshape expectations for Federal Reserve...

Global oil prices declined sharply on Wednesday following President Donald Trump's announcement that the United States has secured an agreement to import up to $2 billion worth of Venezuelan crude,...

The eurozone's inflation rate decelerated to precisely 2.0% in December, meeting the European Central Bank's long-standing target for the first time in months, according to figures released on Wednesday by...

The Nigerian power sector maintained its heavy toll on government finances, with subsidy payments climbing to N458.75 billion in Q3 2024, highlighting ongoing fiscal pressures in the electricity industry even...

Gold prices tumbled on Wednesday as investors cashed in gains following a brief rally to multi-week highs, with a resurgent U.S. dollar adding downward pressure across the precious metals sector...

In a sweeping move to attract international capital and diversify its economy beyond oil, Saudi Arabia announced on Tuesday that it will open its financial markets to all foreign investors...