IMF approves $235.6 million budget-support loan for Kenya
The Executive Board of the International Monetary Fund (IMF) has approved a $235.6 million loan disbursement to Kenya. Ikeanumba Africa...
MRS, Oando increases fuel price, as fuel scarcity hit NNPC
Oil marketers have increased the price of Premium Motor Spirit (PMS) against the warning of the Federal Government, as fuel...
What you should know about Anslem Oshionebo and Opeyemi Odeyale, the fintech founders jailed in the US for breaching anti-money laundering rules
The businessmen were accused of failing to maintain adequate anti-money laundering controls on their fintech platform. The failure allowed some...
Top 10 African countries with the highest number of millionaires in 2022
South African citizens have the greatest combined wealth at $651 billion, followed by Egypt ($307 billion) and Nigeria ($228 billion)....
Investors selling off investments in oil futures over recession fears
Hedge fund managers are selling off oil futures amid fear that projected recession could cause demand for the commodity to...
OPEC’s demand forecast drags crude oil prices down
Brent and the West Texas Intermediate (WTI) crude oil fell Tuesday evening, as the Organization of Petroleum Exporting Countries (OPEC)...
Angola edges Nigeria to remain Africa’s biggest oil producer for second straight month
Angola has retained its position as the biggest oil producer in Africa for the second straight month. New data released...
Rising diesel price, multiple taxation, others cripple our operations, Nigeria manufacturers cry out
The Manufacturers Association of Nigeria (MAN) has requested the government to review its diesel importation channel, to prevent industries from...
Nigerian National Petroleum Company secures court order to stop ExxonMobil from leaving Nigeria
The Nigerian National Petroleum Company (NNPC) Limited has secured an injunction from the Federal High Court in Abuja restraining the...
Inflation overtakes COVID-19 as the world’s biggest worry
According to a new survey, inflation is the biggest concern facing people globally countries. Worry about inflation has been on...