Business & Economy

Global oil prices have hit a four-year high above $122 a barrel, pushing the world economy toward stagflation as U.S.-Iran peace efforts remain deadlocked. Brent crude futures surged past $121...

Dangote Petroleum Refinery, Africa's largest oil refining facility, announced a fresh upward review of its ex-depot price for Premium Motor Spirit (PMS), effective Wednesday. The refinery hiked the ex-depot price...

The Nigerian National Petroleum Company (NNPC) has seized on the U.S.-Iran conflict, sharply hiking the official selling prices of all 37 Nigerian crude grades for May loading cargoes in what...

The Central Bank of Nigeria (CBN) has released a draft guideline aimed at reducing banking charges and making borrowing costs more transparent for consumers. The proposed framework, unveiled in a...

Global oil prices climbed for an eighth day on Wednesday, driven by reports that President Trump is set to extend the Iranian port blockade, a move that could further tighten...

The United Arab Emirates (UAE) announced Tuesday that it is withdrawing from OPEC and the broader OPEC+ alliance, effective May 1, ending a membership that stretches back more than half...

Nigeria's House of Representatives on Tuesday approved President Tinubu's $516.3 million Deutsche Bank loan request to finance the construction of the Sokoto-Badagry Superhighway. The approval, which came during Tuesday's plenary...

Nigeria's Naira traded at approximately ₦1,360.19 per dollar on the NFEM on Tuesday, with currency participants navigating a cautiously balanced session. The local currency opened the day at ₦1,359.23 per...

Oil markets rallied for a seventh straight session on Tuesday, with Brent crude topping $110 a barrel, as the U.S.-Iran standoff showed no sign of resolution, keeping the world's most...

Nigeria's foreign exchange reserves are under fresh pressure, having shed $731 million in just three weeks as the Central Bank of Nigeria grapples with mounting financial obligations. Data released by...