Economy

By Emmanuel Nduka Tech firm, Microsoft has concluded plans to lay off up to 10,000 employees as part of broader cost-cutting measures. This was disclosed by the company in a securities filing on Wednesday, making it...

By John Ikani  Cryptocurrency exchange FTX has announced that it has fallen victim to a massive hack, with hackers making off with a staggering $415 million worth of crypto assets. According to the CEO of FTX...

By John Ikani  Nigeria is once again the reigning king of African crude oil production, according to the latest report from the Organisation of Petroleum Exporting Countries (OPEC). The West African nation produced a whopping 1,235...

By John Ikani In a surprise move, the Nigerian Government has announced plans to phase out fuel subsidies earlier than its previously planned date of June 2023. Minister of Finance, Budget and National Planning, Zainab Ahmed,...

By John Ikani  In a move to expand energy access and strengthen international partnerships, the Democratic Republic of Congo (DRC) has awarded licenses for exploration of three natural gas blocks in Lake Kivu to companies from...

By John Ikani  Ghana's plan to restructure its domestic debt has hit a roadblock, as the government has been unable to fully implement the programme. The restructuring which was proposed as a solution to the country's...