Economy

Africa’s biggest refinery opens its doors to public investors with a N2.15 trillion share offer, as Aliko Dangote signals plans to take more group companies public.

Nigeria’s $337 billion climate financing requirement puts the spotlight on private capital, bankable projects and whether its green ambitions can deliver jobs and economic growth.

Nigeria has been urged to measure FDI by actual capital deployment rather than investment announcements. Experts say jobs, technology transfer, exports and local supply-chain participation should be key measures of success. Policy uncertainty, regulatory complexity and infrastructure constraints...

The country possesses one of Africa’s largest consumer markets, a huge and youthful population, abundant agricultural resources, substantial oil and gas reserves, a rapidly expanding digital economy, a vibrant entrepreneurial culture and an increasingly sophisticated financial sector.

SAM DIALA x-rays Nigeria’s reclassification to a frontier market status by FTSE Russell and argues that the feat does not translate to productive economic transformation.

Nigeria recorded a record $947 million in remittance inflows through International Money Transfer Operators in July 2026. The figure leaves the country just $53 million short of the CBN’s $1 billion monthly remittance target. IMTO inflows reached $3.8...

The Nigerian Exchange Limited (NGX) closed the week on a positive note on Friday, as renewed buying interest lifted the benchmark index and market capitalisation.

Chevron Nigeria’s Jim Swartz joins the NESG board, bringing more than three decades of experience in energy operations, investment and executive leadership.

Nigeria’s crude oil production remained above 1.5 million barrels per day for the third consecutive month in July despite a 50,000bpd decline from June. OPEC data showed Q2 output averaged 1.525 million bpd, up from 1.388 million bpd...

West Africa's push for a regional refined-fuel benchmark is entering its execution phase as Nigeria's expanding refining capacity changes regional supply flows. Policymakers say pipelines, storage, ports, logistics, data and regulatory harmonisation must catch up with rising regional production. The ultimate...