Business & Economy

Africa's largest oil refinery is going global, planning to more than double its capacity by 2028 and seize a commanding share of the jet fuel market as geopolitical tensions reshape...

Oil markets surged for a second straight session on Wednesday, as Middle East hostilities, stalled U.S.-Iran talks, and tightening global supply drove traders to aggressively price in rising risk. Brent...

In April 2026, Nigerian commuters faced rising transport costs, with the average intercity bus fare climbing to N9,607.41, according to the latest National Bureau of Statistics (NBS) Transport Fare Watch...

The Central Bank of Nigeria (CBN) has reassigned all four of its deputy governors, with the changes taking immediate effect from June 1, 2026. The reshuffle, which was quietly updated...

The Supreme Court of Nigeria has set aside an order by the Court of Appeal freezing the assets of prominent oil companies Neconde Energy Limited and Nestoil Limited, along with...

The Nigerian naira maintained a relatively stable position in the official foreign exchange market on Tuesday, trading at ₦1,373.25 to the US dollar, according to fresh data released by the...

Gold climbed more than 1% on Tuesday, reclaiming ground as declining U.S. Treasury yields lowered the opportunity cost of holding the non-yielding metal. At the same time, softer crude oil...

Oil markets retreated on Tuesday as investors grew wary of the slow, erratic pace of U.S.-Iran negotiations, which have kept global energy markets on edge for weeks. Brent crude futures...

Nigeria's currency held its ground at the close of last week's trading, with the naira settling at ₦1,373.25 to the dollar on Thursday, May 29, as improved interbank activity and...

Nigeria's bill for food imports dropped to $2.34 billion in 2025, a 7.37 percent decrease from the $2.53 billion recorded the year prior, according to data from the Central Bank...