Eight OPEC+ member countries on Saturday announced a sharp increase in oil production for the month of June at the risk of driving down already very low prices.
Economy
Most viewed
Popular
-
Warren Buffett says will retire from Berkshire Hathaway by year's end
-
Meta fighting Nigerian fines, warns could shut Facebook, Instagram
-
Warren Buffett: billionaire investor with simple tastes
-
CBEX opens up about what happened to investors funds, mentions withdrawal date
-
CBEX defies EFCC probe, resumes operations, promises bonuses and easy withdrawal to new investors
Starbucks names Chipotle boss Brian Niccol as new CEO
Starbucks said Tuesday that Brian Niccol, chief executive at Chipotle, would be the coffee chain's new CEO -- just over a year after current boss Laxman Narasimhan took over the role. Niccol will start in his new role on September 9, with Starbucks chief financial officer Rachel Ruggeri serving as interim CEO until then. bys/bfm
Senegal media sound alarm with news blackout
Senegalese news organisations widely heeded a call Tuesday for a news blackout to protest against economic measures by the new government which they say threaten the industry. At a newspaper kiosk in the centre of the capital Dakar, Homere Badiane said he empathised with the organisers of the protest.
Poland signs $10 bn deal for US Apache attack helicopters
Poland signed Tuesday a $10 billion deal to buy 96 Apache attack helicopters from US manufacturer Boeing, announcing the latest upgrade to Warsaw's military capabilities. "This is the landmark purchase by Poland for its armed forces of... 96 state-of-the-art AH-64E Apache attack helicopters," Defence Minister Wladyslaw Kosiniak-Kamysz told reporters.
Naira triumphs against dollar For 7 days in a row after CBN auctioned FX to dealers, sets new Rate
The Nigerian currency, the naira, has continued to gain against the US dollar in all markets in the last seven days following a series of interventions by the CBN
Mercedes-Benz Korea discloses EV battery makers after fire
Mercedes-Benz Korea released the names of its electric vehicle battery suppliers on Tuesday, bowing to public outrage after one of its cars burst into flame in a parking lot earlier this month. The Mercedes-Benz model EQE 350 that exploded into flames had a battery from Chinese manufacturer Farasis Energy, Mercedes Korea disclosed on its website Tuesday.
Tomato price crashes from N150,000 to N60,000 per basket as harvest season begins
The cost of a basket of tomatoes has plummeted from N150,000 to no more than N60,000 in key markets nationwide, particularly in Lagos and Abuja...
Asian stocks build on gains ahead of US inflation data
Asian stocks mostly rose again Tuesday as worries about a US recession that sent markets into turmoil last week eased ahead of key inflation data, while oil prices held gains on concerns about a broader war in the Middle East.
Fitch downgrades Israel citing war in Gaza
US credit rating agency Fitch downgraded Israel a notch on Monday, warning that its ongoing conflict against Hamas in Gaza could last "well into 2025" and weigh on economic activity. "The conflict in Gaza could last well into 2025 and there are risks of it broadening to other fronts," Fitch said in a note.
Nigeria successfully repays foreign debts as CBN reports rise in diaspora remittances
Recent data from the Central Bank of Nigeria (CBN) shows a rise in international payments by the bank as the naira gains and FX reserves increase.
Economy
Load more