Economy

President of Bassirou Diomaye Faye has assured that proceeds from the sale of oil and gas in his country will be “well managed” as the West African nation started producing oil for the first time. Australian...

By John Ikani The International Energy Agency (IEA) has issued a stark warning, predicting a significant oil surplus by 2030. The forecast hinges on a confluence of factors: rising oil production and a clean energy transition...

By John Ikani Nigeria has thrown its hat in the ring to become the home of the newly proposed Africa Energy Bank (AEB). The government believes its position as a leading energy producer and its central...

By Lucy Adautin  The British unemployment rate has increased, while earnings growth remains high, according to official data released on Tuesday. The unemployment rate reached 4.4% in the three months leading up to April, marking the...

By John Ikani Nigeria's National Bureau of Statistics (NBS) reported a significant increase in Value Added Tax (VAT) collection for the first quarter (Q1) of 2024. According to the VAT Q1 2024 Report, the total VAT...

By Emmanuel Nduka Like P&G, GlaxoSmithKline and Microsoft, Guiness has announced plans to exit the Nigerian market, citing the harsh economic climate which it says is making business unprofitable. The stout company now joins a long...