Economy

By John Ikani The Federal Government is set to collaborate with the Chinese company, Luan Steel Holding Group, for the establishment of a new steel plant in Nigeria. In addition, there are plans to initiate the...

By John Ikani The United Nations (UN) foresees a modest uptick in Africa's growth rate, projecting an increase from 3.3% in 2023 to 3.5% in 2024. Meanwhile, global growth is on a downward trajectory, expected to...

By Emmanuel Nduka Johann Rupert, a South African businessman, has overtaken Nigeria's Aliko Dangote as Africa's wealthiest person. The luxury goods tycoon and his family are currently the 201st wealthiest in the world, while Dangote is...

By John Ikani President Bola Tinubu's administration has issued a directive requiring all federally funded ministries, departments, and agencies to remit 100 percent of their revenues to a Sub-Recurrent Account, a component of the Consolidated Revenue...

By Enyichukwu Enemanna Nigeria says it is targeting at least two million barrels crude oil production per day in the 2024 fiscal year, over-shooting its OPEC+ quota of 1.38 million. The Saudi-led Organization of the Petroleum...

By Enyichukwu Enemanna President of Cameroon, Paul Biya says subsidy on petrol remains a heavy burden on public coffers, saying prices of petroleum products will certainly increase in the local market. In his annual end-of-year address...