ECONOMY

In a major push to support small businesses, the Nigerian government has announced a groundbreaking ₦220 million cash prize for the overall winner of the 2025 Micro, Small, and Medium...

The Federal Government of Nigeria, through the Debt Management Office (DMO), has announced plans to raise ₦300 billion in its March 2025 bond auction. The funds are intended to bridge...

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...