BUSINESS
IEA Warns Oil Crisis Could Persist Into 2027 as Brent Rises to $111
The International Energy Agency has warned that global energy markets might not return to normal in 2027 amid...
OPay’s ₦575bn H1 Revenue Closes in on Nigeria’s Banking Giants
The growing disruption of Nigeria’s banking industry by financial technology companies has taken a new turn, with OPay’s...
NRS Rakes in N3.70tn in One Month as Oil Taxes
Nigeria's federally collected revenue received a major boost in August 2026 as the Nigeria Revenue Service (NRS) generated...
Nigeria’s $58.81bn Reserves Raise Stakes for Oil Investment
By Ayo Kehinde Data from the Central Bank of Nigeria showed that reserves increased from $55.08bn...
G24 Urges IMF, World Bank to Cut Borrowing Costs for Developing Countries
The Intergovernmental Group of 24 (G24) has urged the International Monetary Fund (IMF)...
IMF Urges Nigeria to Expand Targeted Cash Transfers As Living Costs Rise
By Ayo Kehinde The International Monetary Fund (IMF) has urged the Nigerian government to provide targeted...
Nigeria Capital Spending Falls to N700bn as Debt Interest Rises to N7.7tn
Nigeria’s rising debt-servicing burden continues to constrain the Federal Government’s capacity to finance...
Dangote Warns Strong Dollar, High Interest Rates Could Squeeze Africa’s Development Spending
The Dangote Group has warned that a strong US dollar, high global interest rates and rising...
G7 Plans 100m-Barrel Reserve Release as Oil Prices Slip, Middle East Exports Rise
Oil prices fell on Monday as rising crude exports from the Middle East and plans by the Group...
Dangote Refinery Halts Petrol Sales To Importers Over Blending Concerns
The Dangote Petroleum Refinery has stopped selling Premium Motor Spirit (petrol) to major marketers that import petroleum products,...