Economy

Ships navigate the Strait of Hormuz as Iran sets conditions for reopening the strategic waterway

Iran lists demands to reopen Strait of Hormuz

Iran has set a series of conditions for the Strait of Hormuz reopening. It…

By Maha Christopher
Dollar to Naira rate showing official and parallel market exchange rates on August 7, 2026

Dollar to Naira rate today, August 7, 2026

The Dollar to Naira rate remained relatively stable on Friday, August 7, 2026. The…

By Maha Christopher
Shipping containers at a Chinese port as exports rise on stronger global demand for AI-related technology

China export boom continues as global AI demand lifts tech shipments

The China export boom continued in July as strong global demand for artificial intelligence-related…

By Maha Christopher
United States visa and passport documents following the introduction of a new immigrant visa bond pilot

US increases visa bonds for immigrants to $250,000

The US visa bond pilot may require selected prospective immigrants to post bonds reaching…

By Maha Christopher
Fuel nozzle at a filling station following Dangote Refinery’s petrol and diesel price reduction

Dangote cuts petrol by N50, diesel by N80

The Dangote petrol price cut has reduced the refinery’s ex-depot rate for Premium Motor…

By Maha Christopher
Venezuela quake death toll climbs to 2,954

Italy approves €100m relief package after powerful Naples earthquake

The Italian government has approved a 100 million euro ($115 million) emergency relief package…

By Christian George

Stakeholders fear safety risks as Nigeria pushes CNG, electric vehicle transition

Stakeholders in Nigeria’s automotive sector have expressed concerns over safety challenges that could hinder…

By Christian George
WASHINGTON, DC – JUNE 22: U.S. President Donald Trump delivers remarks before signing an executive order in the Oval Office of the White House on June 22, 2026 in Washington, DC. President Trump signed two orders on quantum computing. Andrew Harnik/Getty Images/AFP (Photo by Andrew Harnik / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

US states file lawsuit to stop Trump tariffs

  Twenty-five states have sued President Donald Trump's administration over a wave of tariffs…

By Juliet Anine

Makinde faults Tinubu’s economic policies, says Nigerians face deepening hardship

Oyo State Governor and presidential candidate of the Allied Peoples Movement, Seyi Makinde, has…

By Christian George

NRS releases guidelines on taxation of virtual assets

  The Nigeria Revenue Service has issued comprehensive guidelines on the taxation of virtual…

By Juliet Anine
Nigeria’s electricity transmission infrastructure amid concerns over ₦10tn power sector investments

₦10tn power interventions leave electricity supply stuck near 4,500MW – Report

About ₦10tn in power sector investments, loans, guarantees and government interventions has failed to…

By Maha Christopher
Ships near the Strait of Hormuz as Iran and Oman discuss a new maritime route

Iran nears Hormuz deal with Oman as US suspends planned strikes

Iran says it is close to reaching a Hormuz deal with Oman over a…

By Maha Christopher

US partners Japan in rare move to support weakening Yen

The United States has intervened in Japan’s currency market for the first time in…

By Christian George
Nigerian passport and United States visa documents illustrating the permanent US visa bond programme

Full list: Nigeria, 49 others face up to $20,000 US visa bond

Nigeria and 49 other countries have been included in the permanent US visa bond…

By Maha Christopher
oil

MRS, AA Rano slash petrol pump prices as fuel market eases

MRS filling stations, which market petrol supplied by Dangote Refinery, alongside several other retail…

By Christian George