Economy

Germany's economy, the largest in Europe has officially slipped into recession according to data released by the country's statistics office on Thursday. The data disclosed a 0.3% decline in gross domestic product (GDP) for the quarter...

Two international firms, TotalEnergies and Africa Oil have announced their decision to quit from Project Oil Kenya in Turkana County. To this end, authorities have announced that Tullow Oil plc, a global independent oil and gas...

Britain has recorded the most significant drop in inflation since the onset of the cost of living crisis, with the annual rate falling to 8.7% in April. However, amidst this decline, food prices continued to surge...

Nigeria's determination to boost its crude oil reserves received a significant push as the Nigerian National Petroleum Company Limited (NNPCL) commenced an oil drilling campaign in the Wadi-B area of Borno State. This marks the long-awaited...

The Central Bank of Nigeria (CBN) has taken decisive action by revoking the operating licences of numerous financial institutions in the country. The decision, which affects 132 microfinance banks, four primary mortgage banks, and three finance...

Nigeria is placing its hopes on a colossal new refinery, constructed by Aliko Dangote, the wealthiest individual in Africa, to eradicate its $26 billion foreign-exchange expenses for petroleum products and fertilizer imports. Speaking at the commissioning...