In a remarkable shift of perspective, Moody’s Investors Service has upgraded Nigeria’s credit outlook from stable to positive ...

T he delivery of a million barrels of crude oil to huge new refinery in Nigeria marks a major milestone in the process towards the country being able to produce fuel itself. For years, the oil-rich ...

A chieftain of the All Progressives Congress and former Minister of Works, Dayo Adeyeye, on Thursday said that Nigeria would ...

Nigeria's huge oil refinery built by Africa's richest man Aliko Dangote received its first crude deliveries, the company said on Saturday, in the latest step to starting up the delayed megaproject.

The fuel subsidy removal policy of President Bola Tinubu's government, which took off in June 2023, negatively affected 90 ...

Despite the hardship occasioned by fuel subsidy removal in June, the service sector has pushed Nigeria's Gross Domestic ...

Nigeria’s cold-turkey approach is more aggressive than most advocates recommend. While economists draw a causal link between fuel subsidies and an index of miseries – poverty, corruption, cross-border ...

Days after disclosing a $72 million deficit in its third-quarter financial report, Multichoice has increased the cost of its ...

Nigeria plans to narrow its budget deficit to roughly 3.9% of gross domestic product (GDP) next year from about 6.1% this ...

The student body argued that Nigeria will not achieve rapid economic growth if it continues to import petroleum products from foreign countries.

Nigeria's president has delivered his first budget since taking office, as the country faces a deepening cost of living ...