Economy

By Emmanuel Nduka On Saturday, February 3, 2024, reports by local media in Nigeria suggested that the Nigerian Government is considering a conversion of foreign currencies held in domiciliary accounts of Nigerians to naira. The move...

By Lucy Adautin The US oil production helped ExxonMobil and Chevron bag their second-biggest annual profits in a decade despite slide in prices that tempered earnings from the records hit in 2022. America’s oil supermajors yielded...

By Lucy Adautin Investor enthusiasm surrounding Big Tech's financial gains from generative artificial intelligence (AI) was tempered, following warnings from Microsoft and Google regarding increased costs this year in the competitive race to develop cutting-edge AI...

By Lucy Adautin The International Monetary Fund (IMF) has downgraded its forecast for Nigeria’s 2024 economic growth to 3.0 percent. This represents one percentage point below the growth forecast of 3.1 percent made in October 2023....

By Lucy Adautin HSBC has been fined £57.4m by the Bank of England (BoE) for "serious failings" over its requirements to protect customer deposits. The bank failed to accurately identify deposits eligible for Britain's Financial Services...

By Enyichukwu Enemanna Latest report by the International Monetary Fund (IMF) on least indebted countries in Africa puts East Africa’s Tanzania on a clear lead, standing as a beacon of fiscal responsibility in the region and...