Economy

By Emmanuel Nduka Nigeria's naira plunged to a new all time low on the parallel market last weekend, as it exchanged at N620 to the dollar, down 0.8 per cent due to pressure on demand for...

By John Ikani  The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari has assured Nigerians that the determination of fuel prices would continue to be a decision by...

By Enyichukwu Enemanna Nigeria’s oldest airline, Aero Contractors, has temporarily suspended operations over worsening economic crisis. It cited high cost of maintenance, skyrocketing fuel prices, inflation, and forex scarcity resulting in high foreign exchange rates as...

By Ebi Kesiena South Africa is on a drive to expand the existing pool of Black Industrialists. The objective is to accelerate transformation, ensuring that Black-owned businesses become active players in the mainstream economy. Over the...

By John Ikani  The Petroleum Technology Association of Nigeria (PETAN) has taken bold steps in expanding the African local content agenda to maximize cross-border collaboration in the upstream, midstream, and downstream sectors. The move is a...

By John Ikani  An oil and gas service company, Coleman Technical Industries Limited (CTIL), has commissioned its multi-billion-dollar fibre optic cable manufacturing factory as it targets maximising advantages of the African Continental Free Trade Area (AfCFTA)...