Business

Fuel marketers in Nigeria have pushed back against a lawsuit filed by the Dangote Petroleum Refinery seeking to invalidate fuel import licenses issued to marketers and the state-owned NNPC Limited,...

The price of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, could rise sharply across Nigeria in the coming weeks as supply shortages emerge at major depots amid growing...

Nigeria supplied less than half of the crude oil volumes allocated to its domestic refineries in the first quarter of 2026, underscoring ongoing challenges in the country’s push to boost...

The United Arab Emirates (UAE) has announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), delivering a significant blow to the global oil producers’ alliance at a...

The Federal Government has approved a $75 million investment in Flutterwave, signalling increased state backing for Nigeria’s fast-growing technology sector as the company moves closer to a $250 million Initial...

Gold prices fell in global markets as renewed tensions around the Strait of Hormuz strengthened the U.S. dollar and reduced expectations of interest rate cuts by the Federal Reserve. The...

The Central Bank of Nigeria (CBN) has dismissed as false a viral image circulating on social media that claims to show a newly introduced N5,000 banknote bearing the image of...

Oil prices dropped sharply on Wednesday, falling below the $100-per-barrel mark as easing geopolitical tensions and a surprise build in U.S. crude inventories weighed on the market. Brent crude futures...

Oil prices surged sharply and global markets tumbled on Thursday after former US President Donald Trump warned in a televised address that Iran would be hit “extremely hard” in the...

Fuel prices in Nigeria have surged to record highs despite the full operation of the Dangote Petroleum Refinery, raising fresh concerns about the country’s energy security and exposure to global...