Business & Economy

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...

Nigeria's economy remains stubbornly cash-dependent, with an overwhelming majority of physical currency circulating outside the formal banking system, new data from the Central Bank of Nigeria reveals. In November 2025,...

The Indian rupee strengthened against the U.S. dollar on Tuesday, buoyed by dollar sales from state-run banks and a favorable shift in market sentiment across Asia, though currency traders reported...

Gold prices climbed to their highest level in approximately a week on Tuesday, continuing a robust rally driven by investor flight to safety following the extraordinary capture of Venezuelan President...

Global oil prices registered modest gains on Tuesday as traders navigated the delicate balance between forecasts of abundant supply and mounting questions about Venezuela's crude production capabilities following the dramatic...

The U.S. dollar extended its retreat in Asian markets on Tuesday, pressured by a confluence of easing geopolitical anxieties and renewed speculation about Federal Reserve monetary policy flexibility, as traders...

The Dangote Petroleum Refinery has moved swiftly to quash circulating reports of an imminent shutdown, describing the claims as deliberately orchestrated misinformation designed to destabilize Nigeria's downstream petroleum sector. In...

Saudi Arabia's non-oil sector continued its growth trajectory in December, though momentum slowed to its weakest pace in four months as businesses grappled with market saturation and increasingly competitive conditions,...

Nigerian businesses are bracing for relief on the lending front, with borrowing rates anticipated to decline gradually over the coming months amid expectations of a more resilient naira, according to...

In a deal that signals a major consolidation within Africa's rapidly evolving fintech sector, Flutterwave, the continent's largest fintech company, has acquired Nigerian open banking startup Mono in an all-stock...