Higher fuel costs have pushed up transport and food prices, particularly during Ramadan, when consumption typically increases ...

Dangote said the persistence of import licences contradicts earlier assurances by the Nigerian Midstream and Downstream Petroleum Regulatory Authority ...

The LCCI urges state governments to revive modular refineries in Nigeria to deepen competition in the downstream petroleum sector and moderate fuel prices.

Family businesses have long been the backbone of economies worldwide, from the likes of Dangote of the Dangote Group to the Waltons ...

Seplat Energy Plc has unveiled plans to drill 17 new wells in 2026 as part of efforts to increase production, and projecting output of up to 155,000 barrels per day.

I have always found billionaire rankings faintly theatrical. They arrive every year with the ceremonious inevitability of a society wedding--glossy, breathless, and full of numbers that make ordinary ...

The Nigerian National Petroleum Company Limited has reduced the pump price of petrol at its retail outlets to N1,130 per litre in Lagos and N1,165 per litre in Abuja.The new pricing reflects a N100 ...

Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, has said the ongoing conflict in the Middle East underscores why Gulf oil and gas producers should view Nigeria as a partner rather than a rival in ...

Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, has urged oil and gas producers in the Gulf region to see Nigeria as a ...

There is no doubt about the current healthy state of the national currency, the Naira. After the initial succumb to the ...

Produced by Afreximbank in partnership with Create, CNN International Commercial’s branded content studio, Season Two takes viewers on location to Grenada, Ghana, Côte d'Ivoire, and Nigeria. The ...

The Federal Government has said it will not step in to control petrol prices despite rising tensions in the Middle East that are causing uncertainty in the global oil market.