Oil prices gained traction in the first week of February and rose to the highest level in a year after major producers showed strong compliance to output cut commitments by OPEC+ in January. Further supporting prices, Saudi Arabia engaged in voluntary production cuts of 1 million barrels per day in …

Ratings agency, S&P Global has affirmed its “AAA/A-1+” foreign currency issuer credit rating of the African Development Bank with a stable outlook. The ratings agency said its outlook reflected the expectation that the AfDB would, over the next two years, “prudently manage its capital while maintaining solid levels of high-quality …

Oil prices extended gains in afternoon trading on Monday, with WTI crude climbing more than 2% to hit a 2-week high of $53.43 a barrel amid rising heating-oil demand and falling US crude inventories. The US Northeast has been hit by a powerful winter snowstorm, providing a massive boost to …

Oil prices rose more than 0.5% on Wednesday, with WTI trading near $53 a barrel and Brent crude above $56 a barrel, after the American Petroleum Institute data showed crude oil inventories in the United States unexpectedly fell by 5.3 million barrels in the week to January 22nd. Also, traders …

Following the sack of Frank Lampard on Monday,Chelsea FC has confirmed the appointment of Thomas Tuchel as manager. Recall that Lampard was sacked following a string of bad runs in the EPL. A statement on the website of the club said Tuchel has signed an 18-month contract with the possibility …

Foreign Direct Investments last year fell by 18% in Africa, compared to a year before. In a report issued on Monday, the UN Conference on Trade and Development (UNCTAD) said the bad performance was due to a sharp decline (-63% YoY) in Greenfield investments and international financing projects (-40% YoY). …

By Yusuf Issa An-Nuphawi It is heartwarming reading a monograph that paints a picture of the hardship that single mothers content with and the social structural malfunctioning in the North occasioned by increasing abuse of polygamy. A 189-page book, titled Diary of a Northern Single Mother wittily written by Mairo …

The security crisis currently hitting the Central African Republic has caused food prices to rise. Data provided by the Central African Institute for Statistics, Economic, and Social Studies (ICASEES) show that the prices of basic imported food products jumped from 15% up to 240% during the first week of January …

Donald Trump on Wednesday became the first US president to be impeached for a second time, when a bipartisan majority in the House of Representatives voted to charge him with inciting last week’s attack on the US Capitol. One week before Trump is to leave office, a total of 232 …

The Nigerian Railway Corporation, NRC, says it has commenced the e-ticketing for train services on the Abuja-Kaduna route. Fidet Okhiria, the NRC Managing Director, told the News Agency of Nigeria (NAN) on Wednesday in Abuja that the process would be on test run for a week before its formal inauguration …