Economy

By Ebi Kesiena Nigeria’s Minister of Information and National Orientation, Mohammed Idris has emphasized economic reforms by the government to turn around the lives of every Nigerian. At a world press conference on Wednesday in Abuja,...

By Lucy Adautin  The Federal Government of Nigeria expended over ₦633.30 billion on electricity subsidies during the first quarter of 2024, according to recent findings. The Nigerian Electricity Regulatory Commission's quarterly report highlighted that this figure...

By Emmanuel Nduka Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, has ordered the grounding of Arik Air, throwing many passengers of the airline in disarray. The development followed litigation issues with April Air's creditors....

By John Ikani Ethiopia's economy has undergone a significant shift as the government relaxes strict currency controls. The birr, the nation's currency, has depreciated by a substantial 30% against the US dollar, according to the Commercial...

By John Ikani French energy giant TotalEnergies announced on Monday, its decision to withdraw from two offshore gas fields in South Africa, citing economic viability concerns. The company holds a 45% stake in the block where...

By John Ikani The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, has assured Nigerian oil and gas service companies of continued support to sustain the impressive growth in local content...