Thursday, June 25, 2026
Nigeria to save N3trn from local content usage, says minister
Ogbonnaya Onu, Nigeria's Minister of Science and Technology says the present administration will ensure that Nigeria saves up to N3...
Read moreDetailsOil falls, gasoline jumps as Storm Harvey knocks out U.S. refiners
U.S. crude oil futures fell more than 3 percent Monday but gasoline prices surged to two-year highs as Tropical Storm...
Read moreDetailsNigeria’s inflation drops to 16.05 % in July- NBS
The country’s inflation as measured by Consumer Price Index (CPI), further dropped to 16.05 percent in July from 16.10 percent...
Read moreDetailsNigeria’s naira devaluation is a risk to country’s external debt – PwC
A devaluation of the Nigerian naira will be a key risk to the sustainability of the country’s foreign debt, PricewaterhouseCoopers (PWC),...
Read moreDetailsLebanese private-equity firm hunts Africa diaspora for deals
EuroMena Funds, a Beirut-based private-equity firm that has raised $350 million since 2006, plans to almost double assets as it...
Read moreDetailsHurricane Harvey hits U.S. petroleum industry, oil markets become tumultuous
Oil markets were roiled Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling...
Read moreDetailsChina is creating the world’s largest power company
China's government led by President Xi Jinping approved the merger of Shenhua Group Corp., the country’s top coal miner, with China Guodian...
Read moreDetailsTwo most powerful central bankers deliver back-to-back warnings
The world’s two most powerful central bankers Friday delivered back-to-back warnings against dismantling tough post-crisis financial rules that the Trump...
Read moreDetailsNigeria’s interbank lending rate drops on liquidity injection
Nigeria’s overnight lending rate dropped to 12 percent Friday after spiking to almost 100 percent Wednesday due to a liquidity...
Read moreDetailsCentral banks’ pursuit of inflation has turned Sisyphean, analysts call for its end
Central banks globally have spent years fruitlessly trying to awaken long-dormant inflation, and some analysts say it's time to stop...
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