Business News

Oil Jumps, Stocks Drop on Trump’s Hormuz Threat

Oil surged while stocks and bonds fell after President Donald Trump ordered a blockade of the Strait of Hormuz, heightening tensions with...

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Stocks’ Relief Rally Stalls as Crude Oil Rebounds

Stocks declined and oil rose as optimism over the US-Iran ceasefire faded after Tehran said several terms of the agreement had been...

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Nigeria, 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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Oil 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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Electricity 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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Oil 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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Nigeria, 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,...