Business & Economy

First Bank of Nigeria Ltd. says its fifth Agric and Export Expo will focus on strategies to strengthen Nigeria’s agricultural export value chain and expand the country’s non-oil export earnings. The bank said in a statement on Sunday that the two-day expo

BRICS countries have committed to promoting the use of local currencies in trade settlements, with the aim of reducing transaction costs and facilitating bilateral trade within the bloc. Shri Sudhakar Dalela, Secretary of Economic Relations at India’s Ministry of External Affairs disclosed

Zenith Bank, a receiving bank for the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering, says Nigerians and investors in the diaspora can subscribe through its digital and physical channels when the offer opens on Monday, Sept. 14. The ​‌‍‍‍‍‍‍⁠⁠‌‍⁠‌‍​‍​‌‌​bank said in

Former Vice President Atiku Abubakar has clarified his economic vision for Nigeria’s energy sector, stating that his proposal to restore petrol subsidies is strictly designed as a domestic “production subsidy” rather than a return to funding foreign imports. ​In a detailed official

By Taiye Olayemi Trading activity on the Nigerian Exchange Ltd. this week hit 3.647 billion shares worth N130.151 billion across 244,777 deals. This was against 4.360 billion shares worth N210.331 billion traded across 223,284 deals the previous week. Consequently, the value of

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