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The Bank of England, on May 8, cut the UK’s main interest rates by 25% from 4.5% to 4.25%. It is the Bank of England’s fourth...
China’s central bank, the People’s Bank of China, cut its key interest rates on May 7. At the same time, it injected some liquidity into its...
The African Export-Import Bank (Afreximbank) would fund the African Energy Bank (AEB) with $19 billion. The Minister of State for Petroleum (Oil), Heineken Lokpobiri, disclosed this...
Nigeria has officially joined the Asian Infrastructure Investment Bank (AIIB). During the Federal Executive Council (FEC) meeting on May 5, the President formally approved Nigeria’s full...
According to the European Commission, Eurozone’s consumer confidence dropped to -16.7 in April 2025, its lowest level since late 2022. The fall in Eurozone consumer confidence...
Seplat Energy Plc’s revenue increased by 350% year over year in Q1 2025, reaching an impressive $809.3 million, a significant jump from $179.8 million recorded in...
According to the Nigerian Export Promotion Council, Nigeria’s non-oil export sector continued its growth trajectory in Q1 2025, recording a 24.8% increase compared to the same...
The International Monetary Fund (IMF), on April 24, urged Nigeria and other African countries to bolster their fundamentals to withstand global shocks amid the US-China trade...
SLB (formerly Schlumberger), the world’s largest oilfield services provider, on April 25, issued a gloomy outlook for 2025. The service cited lower spending by oil producers...
SBM Intelligence released its 2025 Jollof Index for Nigeria & Ghana on April 23. The report paints a grim picture of Nigeria’s escalating food crisis. The...
