Economy

By John Ikani Chad has in a move that has taken many by surprise, announced its decision to nationalize all assets belonging to multinational oil giant Exxon Mobil including exploration permits and hydrocarbon. The government's general...

By Enyichukwu Enemanna Nigeria's Minister of Aviation, Hadi Sirika has assured that despite the litany of hurdles, the national carrier Nigeria Air will be launched at a date not later than May 29, a date the...

By Ebi Kesiena The World Bank on Wednesday said it approved a $7 billion loan to support Egypt’s push to empower the private sector and enhance its efforts to combat the impacts of climate change. According...

By John Ikani Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has expressed his regrets to Nigerians for the inconvenience caused by the recent rise in failed electronic banking transactions. Speaking at the conclusion...

By John Ikani Zimbabwe has taken steps to improve the welfare of civil servants by awarding them a 100% salary increment, government-owned daily, The Herald reports. The salary hike, however, barely keeps up with Zimbabwe's soaring...

By John Ikani KPMG, a prominent accounting firm, has stated that Nigeria's inflation is being driven by a complex mix of demand pull and cost push factors, making policy measures aimed at controlling spending potentially ineffective...