Business & Economy

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially signaled the end of the "window-shopping" phase for the country’s 2025 oil and gas licensing round, transitioning from administrative screening to...

Global oil futures jumped sharply on Tuesday, clawing back much of the previous day’s heavy losses as fresh fears gripped the market over the near-total shutdown of the Strait of...

Aliko Dangote, Africa's wealthiest industrialist, has inked a massive $4.2 billion, 25-year natural gas supply agreement with China's Golden Concord Group (GCL) to fuel one of East Africa's most ambitious...

In what could mark a turning point for Nigeria's long-struggling defence manufacturing sector, a United Arab Emirates (UAE)-based investment firm has committed up to $200 million to develop a homegrown...

Nigeria and 59 other economies are now in Washington's sights, facing formal US trade investigations that could end in steep tariffs and blocked imports. The Office of the United States...

Nigeria's headline inflation rate recorded a marginal easing in February 2026, dropping to 15.06% year-on-year from 15.10% in January, according to the latest Consumer Price Index (CPI) report released by...

On Monday, Dutch AI firm Nebius announced a massive $27 billion, five-year deal to supply advanced AI computing power to Meta in one of the largest single-customer contracts yet in...

The African Development Bank Group (AfDB) has thrown a financial lifeline to tax authorities across West Africa. The bank signed a $5.52 million grant agreement with the West African Tax...

Oil prices jumped sharply on Monday, with traders once again fixating on the fragile state of Middle East energy infrastructure after a weekend of U.S. and Israeli strikes on Iranian...

Togo is pushing to buy more electricity from Nigeria, even as records show the West African nation remains among a group of countries owing Nigeria tens of millions of dollars...