Nigerian economy

Nigeria’s oil and gas industry has recorded a major milestone as local fabrication capacity has now surpassed national demand, allowing Nigerian companies to offer fabrication services to other African countries …

Tributes are pouring in from across Nigeria’s banking and business sectors following the death of Pascal Dozie, founder of the now-defunct Diamond Bank, who passed away on Tuesday, April 8, …

Many Nigerians are still groaning over the high cost of transportation despite the recent drop in fuel pump prices and the introduction of Compressed Natural Gas (CNG) as an alternative …

Lagos State Governor, Mr. Babajide Sanwo-Olu, is set to officially commission the new Rack Centre LGS2 data facility in Lagos on Wednesday, April 10, 2025. The facility, which has a …

Nigeria spent a total of N13.12 trillion on servicing its debts in 2024, a big jump from the N7.8 trillion it paid in 2023. This is a 68 per cent …

Nigeria has approached the World Bank for a fresh $10.50 million loan to strengthen the Central Bank of Nigeria’s technical capacity and modernise the country’s domestic payment system. The move …

Nigeria’s naira recorded its biggest gain in two weeks, appreciating by 0.6% to 1,530 per dollar as of 11:15 a.m. in Lagos on Wednesday, according to Bloomberg-tracked BMAT spot trading. …

AfrexInsure, the speciality insurance subsidiary of the African Export-Import Bank (Afreximbank), has onboarded Oando Plc as a strategic partner to protect the bank’s investment in Oando’s operations in Nigeria through …

International Energy Insurance Plc (IEI) and Mutual Benefits Assurance Plc have announced delays in filing their audited financial statements for the 2024 financial year. The companies disclosed this in separate …

Depot owners in Nigeria have expressed dissatisfaction with the Federal Government’s Naira-for-Crude oil arrangement, highlighting challenges in the current policy. The initiative, which began in October 2024, allows local refineries, …