Business & Economy

Nigeria's headline inflation rate has ticked upward for the third consecutive month, reaching 15.93% year-on-year in May 2026, the highest level recorded in six months, according to data released on...

The Federal Government has directed Nigeria's petroleum regulator to intensify engagement with gas producers and marketers to boost supply and stabilize a market that has left millions of households under...

The Nigerian naira kicked off the new trading week on a steady note, holding its ground against the US dollar across both the official and parallel markets, as traders closely...

Monday saw oil markets plunge following a landmark U.S.-Iran agreement to cease hostilities and restore access to the Strait of Hormuz, which has strangled global energy supplies for more than...

The International Monetary Fund (IMF) is pressing Nigeria to impose excise duties on telecom services and extend VAT to fuel products, moves that would heap even more financial pressure on...

The federal government may soon begin disbursing salaries, pensions, and social welfare benefits through the eNaira, Nigeria's central bank digital currency, under a sweeping new roadmap released by the Central...

SpaceX began trading as a public company on the Nasdaq on Friday, completing what stands as the largest initial public offering in market history. The rocket and satellite company raised...

The naira maintained a relatively calm posture against the US dollar on Friday, as trading across Nigeria's official and unofficial currency channels reflected a market that, for now, appears to...

Oil markets tumbled for a second consecutive session on Friday as traders rushed to price out geopolitical risk premium following President Trump's abrupt decision to stand down from planned military...

OPEC's May output has plunged to its lowest level since 2000, as the escalating confrontation with Iran rapidly reshapes the global energy landscape. The 11-member Organization of the Petroleum Exporting...