Business & Economy

President Bola Tinubu has approved a new framework meant to replace the ad hoc, project-by-project incentive negotiations that have long characterized dealings with international oil companies with a single, rules-based...

Nigeria's oil sector is bracing for a fresh round of legislative scrutiny after the Senate Public Accounts Committee (PAC) ran out of patience with four heavyweight players in the industry....

Global energy markets absorbed another jolt on Wednesday as the International Energy Agency (IEA) delivered its bleakest oil demand outlook yet for 2026, underscoring how deeply the six-month-old conflict in...

The naira closed out Wednesday's trading session on familiar footing, exchanging at approximately ₦1,364 per US dollar on the official market, while the parallel market, Nigeria's ever-watchful barometer of currency...

Oil prices rose for a sixth straight session on Wednesday, as fresh attacks on shipping in two key Middle East waterways stoked fears of a prolonged disruption to the region's...

Gold is rallying for a third straight session, from London to Lagos, as investors await US inflation data that could sway the Fed's next rate decision. For Nigerians looking to...

The Nigeria Customs Service (NCS) has pulled in N4.03 trillion in revenue over the first six months of 2026, a haul that puts the agency comfortably ahead of its own...

Crude oil rallied sharply again Tuesday, with both benchmarks hitting their highest levels since July 31, as traders concluded that a resolution to the six-month U.S.-Iran conflict is further off...

The naira closed relatively unchanged against the US dollar on Tuesday, extending a period of calm that has defined Nigeria's official foreign exchange market in recent weeks. Trading data from...

Nigerian onion traders have again suspended exports to Ghana, the latest flare-up in a months-long dispute that has kept regional officials scrambling to protect one of West Africa's busiest trade...