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Ken Etete spent more than a decade running floating oil production ships for foreign owners off the coast of Nigeria. In 2019 he started buying them....
Fitch has revised Nigeria’s Long-Term Issuer Default Ratings outlook from Stable to Positive, citing the success of the sustained economic reforms and rising foreign exchange reserves....
The Nigerian National Petroleum Company (NNPC) has seen its revenue from petroleum products plummet by 77.58% in 2025 to ₦2.17trn, marking its lowest level in at...
The federal government and rice processors have disagreed on how much milled rice should cost in the country. The government argues that the current rice price,...
US President Donald Trump says Russia has agreed to ‘immediately supply’ over 300,000 tonnes of diesel to the US. The president announced the development in a...
A report by the United States Department of State has identified insecurity, corruption, port inefficiencies and regulatory uncertainty as major obstacles to investment in Nigeria, warning...
Petrol prices have surged to ₦1,900 per litre at several depots in Port Harcourt, highlighting renewed pressure in Nigeria’s downstream petroleum market despite the Nigerian National...
The Chief Technology Officer of First City Monument Bank (FCMB), Blessing Ehize, has called for stronger collaboration among financial institutions, technology companies, regulators, and infrastructure providers...
Nigeria’s foreign exchange reserves have climbed above $54 billion, but a growing reliance on short-term foreign investment is raising questions about the sustainability of the country’s...
Nigerian billionaire Femi Otedola recorded a N1.48 trillion increase in the market value of his investment in First HoldCo during the third quarter of 2026. The...