Business & Economy

The Central Bank of Nigeria (CBN) has relaxed its foreign exchange controls, allowing travelers to receive 25% of their personal and business travel allowances in cash, reversing last year's all-electronic...

Nigeria's headline inflation rate edged higher in April 2026, climbing to 15.69 percent from 15.38 percent in March, according to the Consumer Price Index report published on Friday by the...

Dangote Petroleum Refinery has returned to court, filing a fresh suit at the Federal High Court in Lagos to nullify fuel import licences issued to NNPC Ltd. and several fuel...

The Lagos State Government has disbursed ₦1.933 billion in loans and grants to small businesses across the state, the commissioner for wealth creation and employment, Akinyemi Ajigbotafe, announced on Thursday...

Aliko Dangote has revealed that the NNPC was turned down in its bid to acquire a larger stake in his refinery, laying bare the power dynamics at the heart of...

Oil prices edged higher on Thursday as markets anxiously awaited the outcome of the Trump-Xi Beijing summit, a meeting analysts believe could be decisive in shaping the course of a...

Nigeria has failed to meet its OPEC-mandated crude oil production target, raising fresh alarms about the structural rot at the heart of Africa's largest oil economy and casting a long...

Oil prices fell sharply on Wednesday, ending a three-day rally, as investors turned cautious ahead of Middle East ceasefire talks and the upcoming Trump-Xi summit in Beijing. Brent crude futures...

Nigeria’s naira held firm against the United States dollar on Tuesday, exchanging at an average rate of ₦1,358, at the official Nigerian Foreign Exchange Market (NFEM), according to data released...

Oil markets surged on Tuesday, pushing U.S. crude past the $100-per-barrel mark, as collapsing peace talks over the U.S.-Israeli war on Iran rekindled fears of a global energy supply crisis....