Brazilian Vice President lands in Nigeria for landmark strategic dialogue talks
Brazil’s Vice President Geraldo Alckmin arrived in Abuja on Tuesday for high-level bilateral talks.
Business and Economy
How rising Middle East tensions could impact the naira
Rising Middle East tensions following U.S. airstrikes on Iran’s nuclear facilities are expected to push global oil
Rising oil prices may strengthen Nigeria’s economy and support the naira
Following U.S. attacks on Iranian nuclear facilities, global oil markets have surged, offering Nigeria a fiscal advantage amid growing geopolitical tension.
US oil refineries cut back operations due to weak fuel outlook
Despite expansions by major companies like ExxonMobil, Valero, Marathon, and Citgo, refinery operations are once again shrinking.
Local lawmakers move to delay Tesla’s robotaxi launch in Austin
Seven Texas lawmakers have urged Tesla to postpone its planned June 22 robotaxi launch in Austin until new state regulations take effect on September 1.
European common debt is the way to topple the dollar
Investors looking for alternatives to the US dollar.
Fed holds interest rates, expects two cuts in 2025 as Powell flags inflation concerns
“Everyone that I know is forecasting a meaningful increase in inflation in coming months from tariffs,” he said.
Israel-Iran war impacts Nigeria as Dangote refinery, depot owners raise fuel prices
Dangote Refinery increased its price from N825 to N840 per litre. Rainoil’s price rose to N900 from N850, while Fynefield and Mainland adjusted theirs to N930 and N920, respectively.
Why top Nigerian banks may suspend dividends until 2028
Three of Nigeria’s biggest banks—Access Holdings Plc, Zenith Bank Plc, and First Bank Holdings—may suspend dividend payments until 2028
FDI flows to developing countries plunge to lowest point since 2005 – World Bank
Developing economies received just $435 billion in FDI in 2023, the lowest since 2005, according to new World Bank data