Business & Economy

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...

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...