Economy

By John Ikani The Federal Government of Nigeria is retracting civil claims amounting to $1.1 billion against Eni SpA, an energy producer. The Ministry of Justice, as per a letter seen by Bloomberg, will unconditionally and...

By Enyichukwu Enemanna Nigeria can no longer rely on borrowing to fund its budget, Minister of Finance and Coordinating Minister for the Economy told the Senate on Thursday. Wale Edun spoke when he appeared before the...

By Riches Soberekon The African Development Bank (AfDB) has announced that it has officially lodged a complaint with the Ethiopian government following the arrest of two of its staff members in Addis Ababa last month. In...

By John Ikani A new chapter in human capital development (HCD) for enhanced local content implementation in the hydrocarbons subsector began on Tuesday with the inauguration of an Oil and Gas Sector Skills Council and launch...

By John Ikani Against the backdrop of an enduring surge in food prices, Nigeria has experienced a 10th consecutive uptick in the inflation rate, reaching a new pinnacle of 27.33% for October. Analysts foresee further surge...

By John Ikani UK inflation decelerated more sharply than anticipated in October, registering at 4.6 percent, courtesy of a downturn in energy prices. With the development, Prime Minister Rishi Sunak confidently announced that he has successfully...