Economy

By John Ikani Latest data from the Central Bank of Nigeria (CBN) has revealed that Nigeria’s external reserve fell below the $40 billion threshold it had maintained in over three months. The reserve levels - which...

By John Ikani Facebook co-founder Mark Zuckerberg saw his net worth decreased by almost $30 billion, following the record-breaking plunge of Meta shares on Thursday. With a current net worth of $84.3 billion, according to Forbes,...

By Esther Adesulu Oyewale Tomori, a Professor of Virology, has said Nigeria is now depending on the World bank and international agencies such as International Monetary Fund (IMF) to pay salaries of workers. Tomori spoke on...

By John Ikani Despite the tightening oil market, the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, adjusted its monthly production quota for member countries and participating non-OPEC oil-producing countries. This was even as...

By Emmanuel Nduka A Floating Production, Storage and Offloading (FPSO) vessel named ‘Trinity Spirit’ belonging to Shebah Exploration and Production Company Limited (SEPCOL) located in the Escravos area of Delta State exploded on Wednesday morning. The...

By Emmanuel Nduka The Nigerian Maritime Administration and Safety Agency (NIMASA) has secured approval of the Federal Government to privatize the N50 billion modular floating dock which has been idle for over three years. The floating...