Business & Economy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that sweeping regulatory reforms have unlocked more than "$10 billion" in fresh investments. Mrs. Oritsemeyiwa Eyesan, the Commission Chief Executive of...

Nigeria’s poverty rate has climbed to a staggering 63 percent in 2025, even as headline inflation has begun to moderate sharply. The disclosure comes in the latest Nigeria Development Update...

Oil prices rose on Friday on fresh Saudi supply disruptions and near-total paralysis in the Strait of Hormuz, despite easing nerves over the U.S.-Iran ceasefire. Brent crude futures, the global...

The Nigerian naira opened the day with only the slightest of tremors, closing at ₦1,379.50 to the US dollar after starting at an intraday low of ₦1,378.98, according to official...

Oil prices climbed sharply on Thursday as fresh doubts clouded a tenuous two-week ceasefire in the Middle East, stoking investor anxiety that energy shipments through the vital Strait of Hormuz...

Vice President Kashim Shettima has hailed Kaduna State Governor Senator Uba Sani for establishing Nigeria’s first state-level Council on Skills, describing the initiative as a pioneering “national model” that could...

In a sharp escalation of his hardline foreign policy, President Donald J. Trump warned on Wednesday that any country supplying military weapons to Iran will face immediate 50 percent tariffs...

Nigeria’s Value Added Tax (VAT) collections recorded a modest quarter-on-quarter decline in the final three months of 2025, falling to ₦2.19 trillion from ₦2.28 trillion in the third quarter, according...

Okomu Oil Palm Company Plc, one of Nigeria’s leading integrated palm oil and rubber producers, has posted a strong set of audited financial results for the year ended December 31,...

Global oil markets suffered their sharpest one-day sell-off in years on Wednesday after President Donald Trump declared a surprise two-week ceasefire with Iran, conditional on the immediate and safe reopening...