The House of Representatives has taken steps to strengthen Nigeria’s shipping sector with a proposed amendment to the Coastal and Inland Shipping (Cabotage) Act, 2003 to restrict operations of foreign...
Nigerian consumer goods firms are grappling with soaring finance costs which surged by 56 percent in 2024, as the central bank’s interest rate hikes push borrowing expenses to multi-year highs. Analys...
The Dangote Refinery, Africa’s largest oil refinery, is reportedly considering increasing its crude oil imports from Angola and Algeria as discussions continue over the naira-for-crude arrangement wit...
The African Energy Chamber’s State of African Energy 2025 Outlook Report has projected capital expenditure of $43 on oil and gas projects in Africa in the current year. This highlights strong investme...
The milestone was announced during the official launch of the Lagos Economic Development Update (LEDU) 2025 on Wednesday, according to a social media post by Sanwo-Olu. PPPs are used to determine pric...
Access Bank, Nigeria’s biggest bank by assets, is in advanced stages of completing its acquisition of the KCB Group-owned National Bank of Kenya (NBK), five months after the deal was expected to ...
The House of Representatives has called on the Nigeria Centre for Disease Control (NCDC) to establish and implement a structured disease surveillance system within all federal unity colleges to ensure...
The Nigerian Communications Commission (NCC) reported in February that monthly internet usage soared by 93.35 percent to an all-time high of 1,000,930.6 terabytes (TB) in January 2025 from 517,670.15 ...
The cost of making Nigeria’s staple stew has more than doubled in Lagos within a year, highlighting the deepening cost-of-living crisis in Africa’s most populous nation. According to the PricePal...
The Federal Government has allayed fears that its ongoing drive to attract investments in the oil and gas sector will result in a significant rise in Africa’s contribution to global emissions. It emph...