Economy

By Enyichukwu Enemanna Nigeria's state-owned oil firm has again come under scrutiny following allegation that its 2022 rebranding from the Nigerian National Petroleum Corporation into the Nigerian National Petroleum Company Limited cost the sum of ₦5.9...

By Enyichukwu Enemanna Saudi Arabia, Russia and five other OPEC+ member nations increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the organisation, following the sudden withdrawal of the...

By Enyichukwu Enemanna  China’s new zero‑tariff policy for 53 African nations is receiving the backing of officials and business leaders in South Africa and Kenya who say the move will open fresh trade opportunities, cut costs...

By Enyichukwu Enemanna The United Arab Emirates (UAE) says it is taking exit from the groups of major oil producing nations, the OPEC and OPEC+ next month, nearly six decades of holding the organisation's membership. The...

By Enyichukwu Enemanna  Democratic Republic of Congo’s inspectorate of mines on Monday said it has created a paramilitary unit to secure mining sites and mineral supply chains, as it makes efforts to tackle smuggling and insecurity...

By Enyichukwu Enemanna US President, Donald Trump has slammed economic sanctions on a major China-based oil refinery and nearly 40 shipping companies and tankers involved in transporting Iranian oil. The move, announced Friday makes good Trump’s...