Business

Nigeria’s Crude Output Surpasses OPEC Quota in June - NNPCL  Nigeria’s average daily crude oil production in June 2025 exceeded the limit set by the Organisation of the Petroleum Exporting Countries (OPEC), marking a significant boost in the nation’s oil output For the second time in...

The Securities and Exchange Commission (SEC) has warned Nigerians about the activities of Forsman & Bodenfors Limited, also known as F&B.

Aliko Dangote, president of the Dangote Group, says he plans to build the “biggest, deepest seaport in Nigeria”.

The Depot and Petroleum Products Marketers Association of Nigeria (NMDPRA) says the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) efforts to streamline licensing processes have attracted $1.2bn in modular refinery investments since 2022.

Naira Holds Firm Against Dollar Across Markets ‎The Naira remained steady against the US dollar on Monday, July 14, strengthening in both the official and parallel markets. ‎In the black market, currency dealers in Abuja told Economic Confidential that the naira traded at ₦1,535/$1 for buying...

The trade relationship between the United States and Nigeria has suffered a significant setback, as official data from the US Census Bureau and the Bureau of Economic Analysis show that US imports of Nigerian goods decreased by $527m.