Economy

By John Ikani The Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Kesiye Wabote has asserted that African nations seeking to achieve economic prosperity must develop local capabilities to process, utilize,...

Thousands of homes and offices in the capital of Guinea-Bissau have been thrown into darkness after a Turkish firm, Karpowership, disconnected power supplies over unpaid bills totalling $15m (£12m). Karpowership is one of the world's biggest...

By John Ikani The gap in exchange rates between Nigeria's official and unofficial foreign exchange (FX) markets has significantly widened, surpassing a 100 percent increase, as the naira's value fell across markets on Tuesday. On Tuesday,...

By John Ikani Brent crude stands firm at $91 per barrel following a review of global crude prices on Wednesday. Widely regarded as a benchmark, Brent crude is used as a reference point for pricing other...

By Enyichukwu Enemanna Ugandan authorities will commence direct flighta from Kampala to Nigeria on Thursday, October 19, 2023, the country's Ambassador to Nigeria, Nelson Ocheger has announced. At a visit on Tuesday to Nigeria's Minister of...

By Emmanuel Nduka In commemoration of the 2023 International Day for Eradication of Poverty, President Bola Tinubu has launched the Renewed Hope Conditional Cash Transfer for 15 million households. The launch was held at the Press...