Business News

The Dangote Petrochemical Refinery is set to import no less than five million barrels of U.S. West Texas Intermediate (WTI) crude oil throughout July, marking a continuation of its aggressive...

The Securities and Exchange Commission (SEC) of Nigeria has issued a renewed warning to the public about the escalating threat of Ponzi schemes, emphasising their detrimental effects on individual investors...

The Federal Government of Nigeria, through the Midstream and Downstream Gas Infrastructure Fund (MDGIF), has signed joint venture agreements with ten indigenous energy companies to enhance the nation's gas supply...

Tony Elumelu, Chairman of United Bank for Africa (UBA) Plc, has significantly increased his stake in the bank through a strategic acquisition of over 45 million shares. This move shows...

Nigeria’s reign as Africa’s top fuel importer has come to an end, thanks to the rising output from the Dangote refinery, Bloomberg reports. Referencing insights from energy consultancy CITAC, Bloomberg...

The World Bank has stated that despite the significant growth in agricultural output across Sub-Saharan Africa, the region is still grappling with food insecurity, leaving many without access to nutritious...

Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has unveiled ambitious plans to significantly boost Nigeria’s foreign exchange earnings through large-scale exports of fertiliser, coal, and petrochemical...

The World Bank has urged the Nigerian government to implement new tax measures as a prerequisite for accessing the remaining funds from a $750 million loan under the Accelerating Resource...

A new report by SBM Intelligence has revealed that the South-East region of Nigeria has lost a staggering ₦7.6 trillion over a span of four years due to the prolonged...

The race to lead the African Development Bank (AfDB) is heating up, as five high-profile candidates prepare to contest for the presidency of the institution during its annual gathering this...