Business & Economy

Mr Devakumar Edwin, Group Vice President, Oil and Gas, Dangote Group, has called for cargo-backed financing to strengthen Nigeria’s shipping industry. Edwin made the call at the Nigeria Chamber of Shipping’s 2026 Members’ Evening in Lagos on Thursday. The event had the

The Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) have officially signed a landmark Memorandum of Understanding (MoU) to tackle anti-competitive behavior, eliminate market cartels, and enhance transparency across Nigeria’s downstream energy market.

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) says it plans to roll out between 50 and 70 smart self-service fuelling stations across the country within the next six months. Dr Mumuni Dagazau, Executive Vice President, Downstream, NNPC Ltd., disclosed this on

The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Alhaji Abubakar Shettima, has urged independent petroleum marketers to rely on local refineries for product sourcing. Shettima made the call in a statement issued on Thursday in Abuja, saying greater

​Nigeria’s small and medium-sized enterprises (MSMEs), the main engines of national job creation remain largely shut out of formal bank financing, even as the country’s banking system expands and macroeconomic stability improves, the World Bank warned on Tuesday. ​The warning was delivered

Global oil prices breached a key psychological threshold on Wednesday, with Brent North Sea crude surging past $100 a barrel for the first time since late July. The rally was driven by a fresh wave of military escalations across the Middle East,

Top financial leaders and policymakers gathered in Abuja on Tuesday, September 8, 2026, to address the growing disconnect between Nigeria’s stabilizing national economic metrics and the harsh daily economic realities faced by millions of citizens. ​Opening the 19th Annual Banking and Finance

Nigeria recorded total merchandise exports valued at ₦27,020.88 billion (₦27.02 trillion) in the second quarter of 2026, representing a significant 27.64% surge from the ₦21.17 trillion posted in the preceding quarter. ​The figures were officially published on Monday, September 7, 2026, in

The central parity rate of the Chinese currency, the renminbi, also known as the yuan, weakened by nine pips against the US dollar on Tuesday, September 8, 2026, to trade at 6.7804 yuan per dollar. The development was disclosed by the China