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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...
ExxonMobil announced plans to invest $1.5 billion to further develop Nigeria’s USAN deepwater oil field. The energy giant declared this during a meeting on May 6...
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...
The search for the next African Development Bank (AfDB) President (2025) is gathering momentum. The current AFDB President, Dr. Akinwumi Adesina, serving his second five-year term,...
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...
Nigeria’s GDP has declined to 4th place among top African countries in 2024. The country, which until 2023 was Africa’s largest, fell to fourth place after...
