Fuel prices across Nigeria have surged sharply as the country grapples with a severe petrol shortage with Lagos and Kano facing some of the worst impacts...
President Bola Tinubu is set to officially commission the upgraded West Africa Container Terminal (WACT) in Onne, Rivers State, next Wednesday. The $115 million or N178.2...
The Federal Government has announced the payment of N205 billion to Generation Companies (Gencos) as part of its ongoing efforts to address the longstanding debt crisis...
Nigeria’s headline inflation rate eased slightly to 33.40% in July 2024, down from 34.19% in June 2024. Despite this modest reduction, the inflation rate remains high...
Nigerian refineries, including the massive Dangote Refinery, have increased their domestic crude oil requirements by 24% for the second half of 2024 to 597,700 barrels per...
Saudi Arabia’s economy has experienced its fourth consecutive quarterly contraction due to continued declines in the oil sector. According to preliminary data released by the General...
The Bank of Ghana has announced it will maintain the benchmark interest rate at 29% for the third consecutive time to rein in rising inflation. Governor...
As Nigeria grapples with soaring inflation and a faltering naira, Goldman Sachs is calling for a substantial increase in interest rates to stabilize the economy and...
Under Cairo’s scorching sun, the bustling streets reveal an unexpected twist in dramatic price drops on big-ticket items like cars and appliances. Following March’s significant currency...
The Monetary Policy Committee (MPC) is set to convene on July 22-23, 2024, amid soaring inflation and economic challenges in Nigeria. Led by Olayemi Cardoso, the...
