Business News
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627Nigeria, Indonesia Deepen Economic Ties
Nigeria and Indonesia have taken a significant step towards strengthening bilateral relations, as the Ambassador of the Republic of Indonesia to Nigeria,...
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618Oil Slides Below $100 After Trump Announces Two-Week Ceasefire
Oil fell below $100 per barrel on Wednesday after U.S. President Donald Trump said he had agreed to a two-week ceasefire with...
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408Electricity Tariff Hike Imminent as Gencos Step Up Pressure
Electricity generation companies have called on the Nigerian Electricity Regulatory Commission to urgently review electricity tariffs following the Federal Government’s recent increase...
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333Oil Prices Climb as Hormuz Stays Shut Ahead of Trump Deadline
Oil prices extended gains on Tuesday as a U.S.-imposed deadline loomed for Iran to open the Strait of Hormuz or be “taken...
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401Nigeria, China Bilateral Trade Volume Surpasses $28b
The trade volume between Nigeria and China has surpassed $28 billion as both countries strengthen bilateral relations built on mutual respect, non-interference,...
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401Middle East War Will Trigger Stagflation, IMF Warns
The International Monetary Fund (IMF) has warned that the ongoing war in the Middle East would push up prices and weaken economic...
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382Africa Loses $88b Yearly to Illicit Financial Flows, Says Edun
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said Africa loses about $88 billion to illicit financial flows...
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435
Oil Whipsaws as Traders Weigh Iran De-escalation Report Against Prolonged Hormuz Closure
Oil prices were little changed on Tuesday as investors weighed the possibility of U.S. President Donald Trump ending the Iran war against...
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408Nigeria Gains Zero-Tariff Access to Chinese Market
Nigeria’s trade relationship with China is set for a major boost as a new zero-tariff policy on Nigerian exports to the Asian...
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412Crude Oil and LNG Supply are at Risk of the Worst-Possible Scenario
A month after U.S. and Israeli strikes on Iran, global markets for the supply of crude oil, refined products and liquefied natural...
