Economy

By Oyintari Ben Inflation in the UK dropped to a 15-month low of 7.9% in June, a larger-than-expected decline that pushed the pound down, boosted real estate markets and gave Prime Minister Rishi Sunak a lift....

By John Ikani Nigeria's national currency, the naira, is facing continued downward pressure as it dropped to N860 per dollar at the parallel market on Wednesday. This marks a significant depreciation of N35 or 4.2 percent...

By John Ikani The Independent Petroleum Marketers Association of Nigeria (IPMAN) has explained that the recent increase in the pump price of petrol from N500 to over N617 was necessary for their businesses to survive. In...

By John Ikani The Group Chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC), Mele Kyari has attributed the recent surge in petrol pump prices, now standing at N617 per litre, to market forces....

By John Ikani Russia has announced that it is ending its participation in an agreement that had allowed Ukraine to export its grain by sea. The agreement, known as the Black Sea Grain Initiative, was brokered...

By Enyichukwu Enemanna Nigeria’s headline inflation rate rose for the sixth consecutive time, hitting 22.79 per cent in June 2023, data released on Monday by the National Bureau of Statistics (NBS) indicates. The June rate is...