Turkey’s lira plunged 15 percent to near its all-time low after markets opened following President Tayyip Erdogan’s shock weekend decision to sack a hawkish central bank governor and install a

Saudi Arabia’s state-backed oil giant Aramco announced Sunday that its profits nearly halved in 2020 to $49 billion, a big drop that came as the coronavirus pandemic roiled global energy

The US-Nigeria Investments Summit has announced it will hold a global trade and investment event for 2021 in September. The event will hold in New York, United States. The summit

Central Bank of Nigeria Governor Godwin Emefiele on Saturday said the digital economy was crucial in the efforts by the federal government to drive growth over the next few years.

Former Vice President Atiku Abubakar has faulted the $1.5 billion vote by the federal government to rehabilitate the Port Harcourt Refinery, describing the cost as prohibitive and suspicious. According to

The Financial Derivatives Company (FDC) has warned that the rising crude oil prices, which could go above $100 per barrel, may sway the federal government to jettison its economic reform

Nigerian fintech startup Kuda has raised $25 million in a Series A round led by Valar Ventures, the firm co-founded and backed by PayPal co-founder Peter Thiel, with Target Global,

The Bank of England voted unanimously to keep its benchmark interest rate on hold at a record low of 0.1 percent and to leave its bond-buying programme unchanged during its

The Federal Reserve foresees the economy accelerating quickly this year yet still expects to keep its benchmark interest rate pinned near zero through 2023, despite concerns in financial markets about

Airtel Africa, a leading provider of telecommunications and mobile money services in fourteen countries across Africa, has announced the signing of a $200 million agreement with global impact investing platform,

Now worth a whopping $6.6 billion, producer, rapper, and fashion mogul Kanye West is the richest African American in the United States, according to Forbes Magazine. He is now also

A Milan court on Wednesday acquitted energy companies, Eni and Royal Dutch Shell, along with some of their past and present managers, including Eni Chief Executive, Claudio Descalzi, in one

Nigeria’s Federal Executive Council (FEC) has approved $1.5 billion for the rehabilitation of the Port Harcourt refinery as proposed by the Ministry of Petroleum Resources. The weekly FEC meeting approved the amount at

BMW expects at least half of its sales to be zero emission vehicles by 2030, setting a more conservative target than some rivals in the race to embrace cleaner driving.

The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, on Tuesday defended the apex bank’s restrictive trade policy, stressing that it was meant to protect local industries from unfavourable