Business & Economy

Oil markets surged on Monday as escalating tensions in the Middle East dashed hopes of a diplomatic resolution, driving Brent crude past $96 a barrel and stoking fears of a...

Cooking gas now sells for as high as ₦2,000 per kilogramme in several parts of the country, a steep increase from levels below ₦1,000 per kilogramme recorded in many locations...

The Central Bank of Nigeria (CBN) has announced a stiff N100 million penalty for banks that process foreign exchange transactions without adequate documentation, marking the country's most aggressive forex crackdown...

On Saturday morning, petrol tankers lined the Lagos-Ibadan Expressway, not a sign of scarcity this time, but of supply. The gridlock, ordinarily a source of frustration for commuters, was, in...

Gold slid for a second consecutive week on Friday, as stalling Middle East peace talks crushed investor hopes for a geopolitical resolution that would have otherwise boosted safe-haven demand. Spot...

Naira held its ground against the United States dollar on Friday, maintaining a broadly stable footing in both the official and parallel foreign exchange markets as traders kept a watchful...

Oil prices clawed back ground on Friday, staging a modest recovery after one of the most volatile weeks of trading this year, as fresh geopolitical shockwaves rippled through energy markets...

The Central Bank of Nigeria (CBN) has raised the maximum tuition fee remittance for students studying abroad from $15,000 to $25,000 per semester, a 67 percent increase reflecting a significant...

Nigeria's upstream oil and gas sector is riding a wave of renewed investor confidence, with the country's petroleum regulator announcing that a fresh licensing round is already in the pipeline...

The naira held steady against the dollar on Thursday, trading within a narrow band across both the official and parallel markets, as monetary reforms and improved liquidity conditions show early,...