French conglomerate LVMH has purchased a 50% stake in rapper-mogul Jay-Z’s Champagne house, Armand de Brignac. Popularly known as ‘Ace of Spades’ for the vibrant metallic bottles that house the

British Airways owner IAG raised total liquidity by 2.45 billion pounds ($3.4 billion), through a loan and deferred pension contributions, and said it continued to explore other debt opportunities to

Oil prices rose on Monday as the slow return of US crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from

The Financial Derivatives Company Limited (FDC) has stressed that Nigeria’s high unemployment (27.1%), its large youth population, as well as its poverty rates, mean that the country is effectively seating

There are strong indications that Tuesday’s injunction of a Federal High Court, Lagos, barring Royal Dutch Shell’s Nigerian subsidiary from withdrawing money at 20 local banks until it ring-fences potential

Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier. The world’s most popular cryptocurrency

Bitcoin is an “economic side show” and a poor hedge against a decline in equity prices, analysts at JP Morgan said in a sobering assessment that could undercut the cryptocurrency’s

Analysts on Thursday called on the federal government to implement the 2021 budget to boost infrastructural development, ensure policy consistency and proper management of the Covid-19 pandemic in order to

Africa’s largest economy Nigeria, has officially exited recession helped by the gradual return of economic activities following the easing of restricted movements and stimulus packages by the Central Bank of

The International Monetary Fund (IMF) has cautioned against transacting in cryptocurrency, saying regulating the digital currency remains a concern not just to the Central Bank of Nigeria (CBN) but to

A steady rise in oil prices since late last year could presage a new ‘supercycle’ in oil as the world economy recovers from the pandemic, the Financial Times has reported.

Jeff Bezos has reclaimed his title of world’s richest person, ending Elon Musk’s roughly six-week reign on top of the list. Musk lost about $4.5 billion Tuesday after Tesla (TSLA)

The federal government of Nigeria says it is still paying over $131.14million in electricity tariff subsidy, despite the recent hike in prices paid for power by Nigerians and incessant complaints

British inflation edged up in January as locked-down consumers paid more for food and sellers of furniture and other household goods offered smaller-than-usual New Year discounts to people seeking to

Rio Tinto, the world’s biggest producer of iron ore, has rewarded investors with the biggest dividend in its history after what its new chief executive described as a “year of

BHP Group on Tuesday reported its best first-half profit in seven years and declared a record interim dividend, as top metals user China’s strong appetite for iron ore to support

Nigeria’s annual inflation rate climbed for a 17th straight month to 16.47% in January of 2021, according to figures released by Nigeria’s National Bureau of Statistics. It was the highest inflation

Oil prices rose on Tuesday as a cold front shut wells and refineries in Texas, the biggest crude producing state in the United States, the world’s biggest oil producer. Prices

Struggling luxury car brand Jaguar will be fully electric by 2025, the British company said Monday as it outlined a plan to phase out internal combustion engines. Jaguar Land Rover,

Asian shares advanced to record highs on Monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington, while oil prices