Business & Economy

The United Arab Emirates (UAE) announced Tuesday that it is withdrawing from OPEC and the broader OPEC+ alliance, effective May 1, ending a membership that stretches back more than half...

Nigeria's House of Representatives on Tuesday approved President Tinubu's $516.3 million Deutsche Bank loan request to finance the construction of the Sokoto-Badagry Superhighway. The approval, which came during Tuesday's plenary...

Nigeria's Naira traded at approximately ₦1,360.19 per dollar on the NFEM on Tuesday, with currency participants navigating a cautiously balanced session. The local currency opened the day at ₦1,359.23 per...

Oil markets rallied for a seventh straight session on Tuesday, with Brent crude topping $110 a barrel, as the U.S.-Iran standoff showed no sign of resolution, keeping the world's most...

Nigeria's foreign exchange reserves are under fresh pressure, having shed $731 million in just three weeks as the Central Bank of Nigeria grapples with mounting financial obligations. Data released by...

The Debt Management Office (DMO) opened a ₦700 billion bond auction, one of the largest domestic fundraising exercises in recent months, targeting institutional investors through a competitive bidding process. The...

Oil prices climbed sharply on Monday, extending a blistering rally driven by the near-total breakdown of diplomatic efforts between Washington and Tehran, as the world's most strategically vital oil corridor...

Several independent filling stations in Abuja have cut petrol prices by N35 per liter, from N1,330 to N1,295, a sign that competition in Nigeria's downstream sector is finally benefiting consumers....

The Nigerian National Petroleum Company (NNPC) on Friday issued a stern public warning, urging citizens to be on high alert following the emergence of false and misleading claims that the...

The Central Bank of Nigeria (CBN) has moved to significantly raise the cost of obtaining an ATM card, a change that arrives at a time when many households are already...