Oil prices surged as much as 12% on Friday after new suggestions that Opec nations were set to cut oil production. The United Arab Emirates’ energy...
JOHANNESBURG — Weakened by scandal and policy missteps, South Africa’s president, Jacob G. Zuma, pledged in a state of the nation address on Thursday to revive...
The central bank injected around N234bn ($1.2bn) in matured open market operations bills on Thursday and additional refunds on cash deposited by commercial lenders for foreign...
The global equity bear market deepened in Asia, with Japanese stocks suffering their worst week since 2008 amid anxiety over central banks’ ability to revive the...
The Nigerian currency, naira, hit a record low on Thursday at the parallel market as demand for the US dollar surges. The local currency was exchanged...
Senate President, Bukola Saraki, has lamented that ineffective implementation of past budgets and abandonment of projects have led to wastage that has negatively affected the nation’s...
The Federal Government on Thursday sealed an agreement of $11m (N2.17bn) with the Japanese Government for an emergency improvement of electricity supply facilities in Abuja. The...
Guinness Nigeria Plc, a subsidiary of Diageo, has disclosed that in support of the Federal Government’s policy on diversification and local content, it is targeting an...
The Managing Director of the International Monetary Fund, Christine Lagarde, has said the organisation remains available for Nigeria whenever the country needs financial assistance from it....
Credit Suisse has turned bearish on the U.S. dollar versus the other two G3 currencies for the first time since the greenback’s scintillating rally began in...
