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

Shareholders of Zenith Bank Plc on Tuesday approved the payment of proposed N94.19 billion (about $248m) dividend for the year ended December 31, 2020. The shareholders commended the board and

Secretary to the Government of the Federation (SGF) Boss Mustapha, says the election of Ngozi Okonjo-Iweala as the Director-general of the World Trade Organisation (WTO) will advance the cost of

African payments company Flutterwave on Tuesday announced a collaboration with PayPal to allow PayPal customers globally to pay African merchants through its ‘Pay with PayPal’ feature. Via this partnership, African businesses can

Nokia on Tuesday announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research capabilities, as the Finnish telecoms group seeks to

Nigeria’s consumer price index, which measures the rate of increase in the price of goods and services, rose to 17.33 percent in February hitting a four year high. According to

A new report has revealed that the ongoing recapitalisation of the Nigerian insurance industry will improve their capacity to underwrite risks, generate adequate returns on investments and make better contributions

British Airways’s new boss said vaccinated people should be allowed to travel without restriction and non-vaccinated people with a negative Covid-19 test, as he set out his ideas for a

Africa is expected to recover from its worst recession in half a century and reach 3.4 percent growth in 2021, the African Development Bank has said in its 2021 African