One of Africa’s fastest growing airlines Air Peace on Thursday took delivery of its third brand new Embraer 195-E2 aircraft. The airline revealed that it will take delivery of all

A World Bank-led project declined to award a contract to lay sensitive undersea communications cables after Pacific island governments heeded U.S. warnings that participation of a Chinese company posed a

The naira, which has been under pressure at the parallel market, staged a major recovery on Thursday to close at N483 to a dollar. Thursday’s rate made the naira stronger

The International Monetary Fund has expressed concern over the re-emergence of fuel subsidy in Nigeria in the face of the country’s low revenue mobilisation. The IMF in a statement at

Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has warned that rather than being a positive development, the rising prices of crude oil in the

A Nigerian court has sentenced Francis Atuche, a former Managing Director of the defunct Bank PHB (now Keystone Bank), to six years imprisonment for defrauding the bank of N25.7 billion (about

The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, on Tuesday said efforts are ongoing to reduce the country’s import bill by about 35 per cent. He

British inflation unexpectedly jumped above the Bank of England’s 2.0% target in May when it hit 2.1% and looks set to rise further as the country re-opens its economy after

The international price of crude oil continued its rise Monday, extending three weeks of gains on the back of improving outlook for fuel demand as countries ramp up the lifting

Nigeria’s Minister of Transportation, Mr. Rotimi Amaechi, on Monday unfolded plans by the federal government to take more Chinese loans to expand rail services to more states. Amaechi, who featured

Tanzanian President Samia Suluhu Hassan has urged the country’s central bank to be prepared for the use of digital currencies. President Samia told the Bank of Tanzania on Sunday to

Nigeria’s crude oil production output hit record low levels in May, the June Monthly Oil Market Report (MOMR) of the Organisation of Petroleum Exporting Countries (OPEC), has shown. The monthly

A new report by Financial Derivatives Company Limited (FDC) has indicated that Nigeria’s oil and gas industry loses as much as $15 billion in investments annually due to the delayed

The Group of Seven richest democracies sought on Saturday to counter China’s growing influence by offering developing nations an infrastructure plan that could rival President Xi Jinping’s multi-trillion-dollar Belt and

A mystery bidder has paid $28m (£20m) for a seat on Amazon founder Jeff Bezos’s first crewed spaceflight by the billionaire’s Blue Origin company. This winning bid was made at

The Central Bank of Nigeria (CBN) has unveiled plans to launch a digital currency before December. The Director, Information Technology, CBN, Ms. Rakiya Mohammed, said Thursday during a virtual media

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Thursday admitted that the federal government is exceeding its borrowing plan for 2021, blaming the development on the COVID-19