Economy
US Wealth Rises $26 Trillion as Inflation and Housing Costs Strain Households
The wealth of American households has increased by about $26 trillion since the end of former President Joe Biden’s administration, but persistent inflation,...
Freight Costs Leave Americas With Heavy Oil Glut as Europe and Asia Face Supply Shortages
Rising tanker costs and limited shipping capacity have left large quantities of heavy crude oil stranded in North and South America, even as...
Nigeria Targets $2.1 Billion Annual Forex Savings Through Sugar Self-Sufficiency Plan
Nigeria could save about $2.1 billion annually in foreign exchange if it achieves self-sufficiency in sugar production under a 10-year programme being implemented...
Oil Prices Above $100 Weigh on US Stocks as Investors Await Bank Earnings
US stock markets traded unevenly on Monday, October 12, as rising oil prices and renewed geopolitical tensions weighed on investor confidence ahead of...
Buratai: $1bn Arms Fund Went to Defence Ministry
Former Chief of Army Staff, Lieutenant General Tukur Buratai, has denied personally receiving any part of the $1 billion approved for defence procurement...
Federal Government Tightens Accountability Measures for MDAs
The Federal Government has stepped up efforts to enforce accountability, improve efficiency and ensure measurable performance across Ministries, Departments and Agencies (MDAs), warning...
Fitch Raises Nigeria’s Economic Outlook to Positive, Maintains B Credit Rating
Fitch Ratings has revised Nigeria’s credit outlook from stable to positive while maintaining the country’s long-term sovereign credit rating at ‘B’, citing stronger...
NNPCL Records ₦7.2 Trillion Profit as Oil Production and Financial Performance Improve
The Nigerian National Petroleum Company Limited (NNPCL) recorded a profit after tax of ₦7.2 trillion in 2025, strengthening its financial performance despite lower...
