Economy

The much-anticipated $700 million port rehabilitation project for Apapa and Tincan Island Ports in Lagos, which was expected to begin in the second quarter of 2025, has been delayed once …

The insurance team of the Nigeria Liquefied Natural Gas (NLNG) is making moves to understand more about energy and special risk insurance policies, especially as the energy sector continues to …

Nigeria’s daily crude oil production has dropped again in March 2025, raising more concerns about the country’s ability to meet its budget plans for the year. This is coming at …

The Ethiopian Investment Commission (EIC) has announced the approval of 40 foreign investment permits in the retail, wholesale, import, and export sectors—sectors that were previously closed to foreign investors. Mr. …

International credit rating agency, Fitch Ratings, has upgraded Nigeria’s long-term foreign-currency rating from ‘B-‘ to ‘B’, changing the country’s outlook from negative to stable. This announcement was made in a …

The President of the African Export-Import Bank (Afreximbank), Prof. Benedict Oramah, has said that the bank has disbursed about $50 billion into the Nigerian economy over the past ten years. …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially announced that Nigeria’s crude oil and condensate reserves have reached a total of 37.28 billion barrels, with gas reserves standing at …

Three major aviation unions in Nigeria have threatened to resume a suspended strike over alleged breaches of agreement by the Nigerian Meteorological Agency (NiMet). The unions, in a jointly signed …

Delta Air Lines has released its financial report for the first quarter of 2025, showing strong results despite global economic uncertainties affecting the aviation sector. According to the report, the …

The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, has called on Nigerian traders, exporters, and entrepreneurs to take advantage of the newly simplified export processes put …