ECONOMY

President Bola Tinubu has ruled out a return to Nigeria's petrol subsidy regime, warning against calls to reverse his administration's economic reforms and describing such appeals as a “siren song”....

A wide gap has emerged in the liquidity positions of companies listed on the Nigerian Exchange Limited (NGX), with 22 of 40 firms analyzed holding less cash than their outstanding...

The naira weakened against the US dollar across both the parallel and official foreign exchange markets, with the currency falling to N1,382/$ in the parallel market and N1,331.5/$ at the...

A Federal High Court in Abuja has ordered the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to continue issuing fuel import licences and related permits to three oil marketing...

ABUJA - The Independent Petroleum Marketers Association of Nigeria has stated that the Federal Government’s approval of 830,000 metric tonnes of petrol imports for the fourth quarter of 2026 must...

Twenty-two companies listed on the Nigerian Exchange Limited (NGX) recorded a combined debt exposure of N21.3 trillion in the second quarter of 2026, as businesses continued to rely on borrowing...

Ride-hailing platform Bolt has reported a 92 per cent week-on-week surge in driver registrations across Nigeria as drivers migrate to alternative platforms following Uber's withdrawal from the country. The Estonian...

Nigeria is set to regain access to a major pool of international fixed-income capital after J.P. Morgan announced the inclusion of Federal Government of Nigeria bonds in its newly launched...

Petrol prices have increased at several filling stations in Abuja following an upward adjustment in the wholesale price of Premium Motor Spirit by the Dangote Petroleum Refinery. The refinery raised...

Dangote Petroleum Refinery has purchased at least 16 million barrels of Nigerian crude for delivery in October, according to industry sources, as Africa's largest refinery continues to increase processing and...