Business & Economy

The Central Bank of Nigeria (CBN) has warned state governments that excessive borrowing and overdraft dependence could derail Nigeria's transition to an inflation-targeting framework. The warning was delivered on Sunday...

Oil prices jumped more than 4% on Monday after President Trump branded Iran's response to a U.S. diplomatic proposal "unacceptable," dashing hopes of a quick resolution to the two-month crisis...

NGX Regulation Limited (NGX RegCo) has issued a stark warning to all trading license holders: deploy digital trading infrastructure without prior regulatory approval and face serious financial and reputational consequences....

Oil prices climbed on Friday as fresh U.S.-Iran clashes jeopardized the fragile ceasefire and dimmed hopes of reopening the Strait of Hormuz, a critical energy shipping lane. Brent crude futures...

The naira gained slightly against the dollar on Thursday, steadied by a weakening greenback as optimism over a potential Iran-U.S. ceasefire shook global currency and commodity markets. Data from the...

Oil prices recovered modestly on Thursday following the previous session's dramatic selloff, as Middle East peace negotiations continued to hold global energy markets hostage, with analysts warning the outcome could...

The Nigerian Naira staged a notable recovery at the official foreign exchange market on Wednesday, strengthening to N1,357.34 per dollar from N1,366.56 recorded on Tuesday, according to data from the...

Oil prices fell for a second consecutive day on Wednesday as traders bet on a potential U.S.-Iran diplomatic breakthrough that could free weeks' worth of crude bottlenecked in the Persian...

Dangote Refinery has raised its ex-depot petrol price by N75 to N1,350 per litre, its first adjustment in May and second in seven days, after a similar hike on April...

Nearly 300 companies are vying for just 50 oil blocks in Nigeria's 2025/2026 licensing round, signaling a powerful rebound in investor confidence. The figures were disclosed on Monday by Oritsemeyiwa...