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Nigeria’s troubled electricity sector may be on the cusp of a financial reset following the issuance of a N501.02bn bond designed to ease crippling debts owed...
Africa’s wealthiest business travelers are facing a new and steep cost from the Iran war: private jet operators flying into the Gulf are now charging war-risk...
Dangote Petroleum Refinery and Petrochemicals has had enough of the rumors. The company, commonly referred to as DPRP, issued a formal statement pushing back against a...
Hail UK deal, but point to other ports that need attention With the sealing of a £746 million deal between Nigeria and the United Kingdom...
Soaring fuel prices linked to the US-Iran conflict have pushed up food prices across Nigeria, worsening hardship for households already struggling with poverty and rising food...
Foreign capital inflows into Nigeria’s banking sector rose sharply by 93.25 per cent year-on-year to $13.53bn in 2025, up from $7.00bn recorded in 2024, amid the...
When the federal government announced a sudden increase in electricity tariffs for Band A customers in April 2024, it was a conviction that raising their tariffs...
More than ₦3 billion was targeted, but about ₦677 million reached the culprits, with recovery and prosecutions underway, reflecting how banks are responding to more sophisticated...
Abdul Samad Rabiu is not done building. The billionaire founder and chairman of BUA Group is pressing ahead with an ambitious cement expansion that would add...
The President Bola Tinubu-led Nigerian government and power generation companies (GenCos) are at odds over the actual size of debts owed within the country’s electricity sector,...