Dangote Refinery begins sale of petrol, but offers no price relief
The Dangote Refinery, a $20 billion project with a capacity to process 650,000 barrels of crude oil per day, has begun selling refined petrol...
NNPC raises petrol price, deepening hardship for Nigerians under Tinubu
The Nigerian National Petroleum Corporation (NNPC) Ltd. has raised the price of petrol from N617 to N855 per litre, a move that will intensify...
Nigerian companies predict naira decline in coming months
Nigerian businesses expect a decline in the value of the naira from now until December, with hopes for a rebound next year, according to...
Nigeria’s inflation eases for the first time in 18 months
Nigeria's annual inflation rate eased in July for the first time in 18 months, a shift after a prolonged period of rising prices that...
Nigeria’s central bank raises interest rate again
Nigeria’s Central Bank has raised its benchmark interest rate by 50 basis points to 26.75% in a bid to contain persistent food inflation despite...