ECONOMY

An explosion has rocked the Trans-Niger Pipeline (TNP), a critical crude oil transportation route feeding the Bonny export terminal. The incident, which occurred in the early hours of the day,...

The newly commissioned Dangote Refinery, Africa’s largest, has set off a fierce price competition in Nigeria’s downstream oil industry. The refinery, which boasts a 650,000-barrel-per-day capacity, has reduced petrol prices...

Nigeria’s inflation rate has declined for the second consecutive month, signalling potential relief for consumers and businesses grappling with high prices. According to the latest data from the National Bureau...

Amid ongoing global economic uncertainties, foreign investors are increasingly turning their attention to Nigeria’s financial markets, drawn by a mix of high-yield opportunities and recent economic reforms spearheaded by President...

The Secretary-General of the  Organization of the Petroleum Exporting Countries, Mr Haitham Al-Ghais has enjoined Africa to unlock its proven oil of over 120 billion barrels. Al-Ghais, made this known...

By January 2025, Nigeria’s oil output including condensate, increased by 4 per cent month-on-month (MoM) to 1.737 million bpd from 1.667 million bpd as recorded in the preceding month of...

The naira appreciated by three per cent against the dollar in the parallel market over the past week, closing at N1,570/$1 yesterday, gaining N50 within five days. The nation’s currency...

The loading cost of Premium Motor Spirit (PMS) at privately-owned depots fell to ₦925 per litre on Monday, marking a ₦27 decrease from the ₦952 price set by the highest-selling...

The Naira appreciated further yesterday in the parallel market to N1,610 per dollar from N1,615 per dollar last Friday, as weak dollar demand persists. However, the Naira depreciated to N1,495.6...

The Central Bank of Nigeria (CBN) has reaffirmed its commitment to empowering young Nigerians through youth-friendly credit policies and capacity-building programmes to foster economic growth and innovation. Speaking at the...