Economy & Business
News, analysis, and updates on Nigeria’s economy, business environment, markets, companies, and financial trends.
FG Grants Shell $11.50-Per-Barrel Tax Credit To Unlock $20 Billion Bonga Project
The Federal Government has approved a special production-linked tax credit for Shell...
Dangote Breaks Ground On $17bn Kenya Refinery
Dangote Industries Limited has commenced preliminary works on its proposed $17bn, 700,000-barrels-per-day...
Exxonmobil Returns To Nigeria With $1Billion Investment After Nearly A Decade
ExxonMobil returns to Africa’s biggest oil producer with $1billion bet after nearly...
Dangote Signs $400M China Equipment Deal With XCMG
Africa's richest man, Aliko Dangote, has taken another major step toward expanding Nigeria's...
Petrol Import Landing Cost Drops To ₦983.92/Litre, Below Dangote’s ₦1,125
Premium Motor Spirit (PMS or Petrol) import landing cost has dropped to...
CBN Announces 5 Free Banking Services From May 1
5 Banking Services Now Free as CBN Announces Withdrawal, Deposit Fees Changes...
Court Nullifies CBN Takeover of Union Bank
LAGOS, Nigeria — A Federal High Court in Lagos has nullified the...
Dangote Refinery Expansion To Create 95,000 Jobs
The President of the Dangote Group, Aliko Dangote, has announced that the...
Zenith Becomes First Nigerian Bank To Cross ₦5 Trillion Capitalisation
In a year marked by measured but decisive gains, Zenith Bank Plc...
Dangote Refinery Moves Into Plastics & Detergents, Targets Global Market
Dangote Refinery Expands into Petrochemicals LAGOS, Nigeria – Nigeria’s push for industrial...
Dangote Refinery To Start Crude Oil Production
Dangote Group Achieves First Oil in Niger Delta The Dangote Group has...
Nigeria Buys 61.7m Barrels US Crude Amid Bulk Exports
Nigeria imported about 61.7 million barrels of crude oil from the United...
Dangote Fuel Prices After Crude Oil Crash
Crude oil prices have crashed by more than 15 percent in recent...
Nigeria’s Public Debt Hit ₦159.28trn In December 2025 – DMO
The Debt Management Office released the latest figures on Tuesday, showing a...
Debt Pressure Mounts As FG Borrows ₦8.1trn In 2026 Already
The Federal Government pushed domestic borrowing to ₦8.1 trillion in the first...
