Business & Economy

Oil prices eased on Thursday as an unexpected Israel-Lebanon ceasefire reinvigorated diplomatic efforts to resolve the U.S.-Iran conflict, fueling hopes that the vital Strait of Hormuz could soon reopen. Brent...

Nigeria pulled in $10.37 billion in foreign capital in Q1 2026, its strongest quarterly figure in recent memory and an 83.8 percent rise from the same period last year, according...

The Trump administration proposed sweeping new tariffs on 60 economies on Tuesday, seeking to revive its protectionist trade agenda following a decisive Supreme Court defeat. The move, driven by the...

Gold shed significant ground on Wednesday as war-driven inflation fears and a stronger dollar rattled investors and threatened a crucial price support. Spot gold slid 0.8% to $4,449.19 per ounce...

The Nigerian naira maintained a steady position against the United States dollar on Wednesday, trading at ₦1,373.25 per dollar at the official Nigerian Foreign Exchange Market (NFEM), according to the...

Africa's largest oil refinery is going global, planning to more than double its capacity by 2028 and seize a commanding share of the jet fuel market as geopolitical tensions reshape...

Oil markets surged for a second straight session on Wednesday, as Middle East hostilities, stalled U.S.-Iran talks, and tightening global supply drove traders to aggressively price in rising risk. Brent...

In April 2026, Nigerian commuters faced rising transport costs, with the average intercity bus fare climbing to N9,607.41, according to the latest National Bureau of Statistics (NBS) Transport Fare Watch...

The Central Bank of Nigeria (CBN) has reassigned all four of its deputy governors, with the changes taking immediate effect from June 1, 2026. The reshuffle, which was quietly updated...

The Supreme Court of Nigeria has set aside an order by the Court of Appeal freezing the assets of prominent oil companies Neconde Energy Limited and Nestoil Limited, along with...