UK inflation slowed last month but held above 10 percent on soaring food prices, official data showed Wednesday, further fuelling a cost-of-living crisis despite a series of aggressive interest-rate hikes.…
Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter. The power-hungry companies that pump new bitcoin into circulation have been thrown a lifeline by…
President Muhammadu Buhari has said the Petroleum Industry Act (P.I.A) remains his administration’s greatest achievement in the energy sector. The Act signed in 2021 aims to overhaul the petroleum sector…
The World Bank says Nigeria spent 96.3 percent of its 2022 revenue on servicing its debts. This was contained in the Macro Poverty Outlook for Nigeria: April 2023 brief released…
Nigeria’s inflation rate rose to 22.04% in March 2023 compared to February 2023 headline inflation rate which was 21.91%. According to the National Bureau of Statistics (NBS)’s Consumer Price Index…
Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investors raised bets that the US Federal…
Tesla Inc assures its millions of electric car owners that their privacy “is and will always be enormously important to us.” The cameras it builds into vehicles to assist driving,…
The Debt Management Office (DMO) on Wednesday explained that Nigeria’s debt stock is growing due to a combination of three major factors. The DMO Director-General, Patience Oniha, who was a…
The Federal Deposit Insurance Corporation (FDIC) has retained advisers to sell the securities portfolios that the new owners of failed Silicon Valley Bank and Signature Bank rejected, according to people…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) says a litre of Premium Motor Spirit (PMS) commonly known as petrol should sell for between N360 and N400…