Oil prices saw a slight recovery on Tuesday after a 2% drop in the previous session following reports that the Chinese economy grew faster than expected...
The World Bank Group President, David Malpass, has warned that global growth is expected to be weak in 2023, slowing to two per cent from 3.1...
Despite a larger-than-expected draw in U.S. crude oil and fuel stocks, oil prices fell slightly on Wednesday as the market weighed worsening economic prospects against the...
China and Malaysia are exploring the possibility of setting up an Asian Monetary Fund, signaling a shift away from US dollar dominance in the region. The...
The Nigerian government has secured an $800 million grant from the World Bank to provide palliatives for 10 million households, or 50 million vulnerable Nigerians, ahead...
According to a report from the National Bureau of Statistics (NBS), Nigeria’s capital importation dropped by 20.47% to $5.32 billion in 2022 from $6.70 billion in...
The National Bureau of Statistics (NBS) has released its Premium Motor Spirit (PMS) Price Watch report for January 2023, revealing a significant increase in the average...
Inflation in Nigeria has continued to rise in January 2023, with a new 17-year high of 21.82 per cent, according to the National Bureau of Statistics....
The Nigerian Export Promotion Council (NEPC) has announced its aim to increase non-oil exports and drive economic growth in 2023. Mrs. Iyabode Abe, the Ekiti State...
One of the main reasons for the current fuel scarcity is a shortage of foreign exchange, which makes it difficult for oil companies to import gasoline