Breaking news and insights at nigerianewsservice.com
Tesla is venturing into Saudi Arabia to address declining sales in Europe and the US, launching pop-up stores before establishing showrooms. The move comes after a 70 percent drop in …
Tesla’s Strategic Expansion Into Saudi Arabia Amidst Sales Decline Read More
WTI crude oil prices increased to $69.15, driven by a significant drop in U.S. crude inventories and concerns about tighter global supply due to U.S. tariffs affecting Venezuelan oil. API …
WTI Crude Oil Prices Rise Amid Venezuela Supply Concerns Read More
Iraq’s economy grew by 1.4% over the past Iranian year, reflecting a modest recovery from a previous contraction. This growth is attributed to increased oil production and exports, while non-oil …
Iraq’s Economic Growth of 1.4%: Indicators of Recovery? Read More
Oil prices rose due to declining U.S. fuel inventories and heightened tensions in the Middle East. Brent crude increased by 0.57%, while WTI gained 0.51%. A larger than expected drawdown …
Oil Prices Increase Amid U.S. Inventory Decline and Middle East Tensions Read More
President Trump may extend Chevron’s sanction waiver for Venezuela, stemming from discussions with oil executives. The talks include imposing tariffs on countries buying Venezuelan oil to counteract China’s influence. Chevron’s …
Trump Considers Extension of Chevron’s Sanction Waiver for Venezuela Read More
Nigeria’s oil production revival faces a setback due to pipeline sabotage. Despite improved security measures leading to a 40% output increase, acts of vandalism threaten investments. President Tinubu’s state of …
Pipeline Sabotage Endangers Nigeria’s Oil Production Recovery Read More
PDVSA is set to independently produce crude oil in Venezuela following the revocation of Chevron’s operating license by the U.S. The Trump administration’s decision, based on electoral and migration issues, …
PDVSA to Independently Manage Chevron’s Operations in Venezuela Read More
Saudi Arabia’s holdings of US Treasury securities decreased by $10.6 billion to $126.9 billion in January, representing a 7.71 percent decline. It remains the 17th largest holder globally. Japan leads …
Saudi Arabia’s US Treasury Holdings Adjustments Reflect Market Trends Read More
Saudi Arabia leads Forbes’ “30 Most Valuable Banks 2025” with 10 banks valued at $269 billion. The MENA banking sector is predicted to grow, supported by favorable economic conditions and …
Saudi Arabia Leads Forbes’ 2025 Ranking of MENA’s Most Valuable Banks Read More
Nigeria is projected to see a 32% decline in cash payments by 2030 as digital payment methods gain popularity, according to Worldpay’s Global Payment Report 2024. The increase in access …
Nigeria’s Transition to Digital Payments: A 32% Decline in Cash Payments by 2030 Read More