Business & Economy

Oil prices edged lower in Asian trading hours on Tuesday, with market participants weighing a complex mix of bearish supply dynamics against geopolitical uncertainties that would typically support crude values....

Global currency markets staged a broad risk rally on Tuesday as traders responded enthusiastically to signs that the prolonged U.S. government shutdown may finally be drawing to a close, with...

In a landmark move that underscores Africa's accelerating shift toward sustainable transportation, the Fund for Export Development in Africa (FEDA) has announced a $75 million strategic investment in Spiro, a...

Nigeria's petroleum sector recorded a troubling disconnect in 2024, with crude oil and gas revenues plunging to ₦1.08 trillion from ₦1.90 trillion the previous year—a dramatic 43% decline—even as the...

The Nigerian Naira experienced a turbulent week in early November, posting modest losses against the US dollar on the official market while exhibiting sharp swings in parallel trading, as Africa's...

In a significant boost to regional cooperation efforts, Germany has announced a substantial financial commitment of €49 million—equivalent to approximately ₦82 billion—to support the Economic Community of West African States...

The U.S. dollar weakened in Monday trading as mounting optimism over an imminent end to the federal government shutdown provided relief to investors rattled by recent economic indicators showing consumer...

Oil prices climbed modestly in early on Monday trading as investors bet that an imminent end to America's prolonged government shutdown would reinvigorate demand in the world's largest oil-consuming nation,...

In what officials are calling a transformative shift in environmental policy, the Lagos State Government has formalized partnerships with three private sector firms to convert millions of tons of plastic...

The Lagos State Government has launched a major bond offering aimed at raising up to N200 billion from domestic investors, marking its latest foray into Nigeria's capital markets to finance...