Economy

By John Ikani The Nigerian Content Development and Monitoring Board (NCDMB) has agreed to spearhead the discussions at the upcoming 2023 National Conference, focusing on the establishment of local content synergy between the insurance industry and...

By John Ikani Nigeria's Central Bank has initiated a float of the exchange rate, signalling a departure from its long-standing fixed foreign exchange policy. The move aims to loosen control over rates and introduce greater flexibility....

By Enyichukwu Enemanna Kenyan President William Ruto has called on African nations to shift away from using the US dollar for intracontinental trade and opt for the use of local currencies for the purposes of buying...

By John Ikani Weak demand concerns, coupled with an unexpected increase in US crude stocks, put downward pressure on oil prices on Wednesday. Brent crude futures dipped by 0.4% to $74.01 a barrel, while US West...

Nigeria has displaced Angola to reclaim its spot as Africa’s largest producer of crude oil, a data for oil production covering the month of May 2023, released by the Organization of Petroleum Producing Countries (OPEC) has...

By John Ikani The latest data released by the Bureau of Labor Statistics indicates a slowdown in U.S. inflation for the month of May. Both the consumer price index (CPI) and the core CPI, excluding food...