Economy

By Lucy Adautin British energy major Shell has agreed to sell its Nigerian onshore oil and gas subsidiary in Nigeria to a consortium of five mostly local companies for up to $2.4 billion, after nearly a...

Hopes of new projects that would revitalize the Nigerian oil and gas industry and grow local content appear close to realization as the Managing Director and Country Chair TotalEnergies E&P Nigeria Limited, Mr. Matthieu Bouyer reconfirmed...

By Lucy Adautin Nigeria's annual inflation rate continued to accelerate to hit a nearly 30-year high of 28.9% in December 2023, up from 28.2% in the prior month. This was disclosed in the National Bureau of...

By Lucy Adautin The 54th annual meeting of the World Economic Forum (WEF) is all set to begin from today January 15 and will continue till January 19, 2024 at the local Swiss Alpine School in...

By Enyichukwu Enemanna A new report by Africa: The Big Deal, a platform for startup funding, shows capital injection in Kenya accounted for 28 per cent of all funds raised on the African continent in 2023,...

By Lucy Adautin Nearly 40% of jobs in the world could suffer due to the rise of artificial intelligence (AI), a trend which is likely to deepen inequality, according to the International Monetary Fund (IMF). IMF...