Business & Economy

Dangote Petroleum Refinery and Petrochemicals (DPRP) has moved swiftly to quash mounting speculation about a possible initial public offering (IPO), describing circulating reports as unverified, inaccurate, and unauthorized. The company,...

Gold staged a modest recovery on Friday, climbing 2 percent to $4,466.38 an ounce in spot trading by 06:37 GMT, as a softer U.S. dollar and opportunistic bargain-hunting lifted the...

The Chairman of the House Committee on Power, Victor Nwokolo, has raised fresh concerns over Nigeria’s struggling electricity supply, calling for urgent and increased funding of the power sector as...

Poultry farmers across Nigeria have raised strong objections to a proposed $900 million investment deal between the Federal Government and China. They warn that the initiative could destabilise the local...

The Dangote Group has announced plans to more than double its refinery capacity from 650,000 to 1.4 million barrels per day as part of its ambitious "Vision 2030" growth strategy,...

Industrial life stirred once more in Aba on Wednesday as Governor Alex Otti commissioned a $35 million beverage plant, a moment many are calling a turning point for the city's...

The Middle East war dealt a fresh blow to the global economy on Thursday as the Organisation for Economic Cooperation and Development (OECD) slashed its eurozone growth forecast and warned...

The naira fell further against the dollar on Wednesday as geopolitical tensions, inflation fears, and shifting global sentiment hammered emerging market currencies—Nigeria hit hardest. According to data released by the...

Nigeria’s external capital inflows surged dramatically in 2025, nearly doubling from the previous year, yet the composition of that money tells a story of persistent structural weakness. Foreign direct investment...

Gold prices fell more than 1% on Thursday as traders recalibrated U.S. rate expectations amid surging oil prices and ongoing Middle East uncertainty. Spot gold dropped 1.2 percent to $4,451.47...