Business

Banks flagged 42,082 suspicious transactions to NFIU in 2025

Banks flagged 42,082 suspicious transactions to NFIU in 2025

Every day, millions of naira move through Nigeria’s banking and financial system. Most of those transactions are ordinary: salaries are…
NSDC secures over US$1bn commitment to reduce Nigeria’s sugar imports

NSDC secures over US$1bn commitment to reduce Nigeria’s sugar imports

The National Sugar Development Council (NSDC) has secured investment commitments worth more than US$1 billion in a renewed push to…
Nigeria seeks capital to bridge US$200bn gas infrastructure gap

Nigeria seeks capital to bridge US$200bn gas infrastructure gap

Nigeria is seeking more private and international capital for gas infrastructure as it looks to address a funding shortfall that…
Nigeria is attracting investors while Africa loses ground

Nigeria is attracting investors while Africa loses ground

While much of Africa was taking a step back on foreign investment last year, Nigeria went in the opposite direction.…
NNPC is changing. What does this mean for Nigeria’s oil industry?

NNPC is changing. What does this mean for Nigeria’s oil industry?

Nigeria has been talking about listing its national oil company for nearly a decade. The idea first appeared in government…
The businesses powering Nigeria’s digital economy

The businesses powering Nigeria’s digital economy

For many Nigerians, the phrase “digital economy” brings one thing to mind: fintech. It is an understandable assumption. Mobile banking,…
Why crude oil is still Nigeria’s biggest business

Why crude oil is still Nigeria’s biggest business

When Nigeria needs to earn big from the global market, it still turns to one product: crude oil. That is…
NCDMB, BOI unveil US$100m equity fund for indigenous oil firms

NCDMB, BOI unveil US$100m equity fund for indigenous oil firms

For years, many indigenous oil and gas companies have struggled to expand, not because they lacked viable businesses, but because…
Nigeria’s import list is quietly getting shorter

Nigeria’s import list is quietly getting shorter

For a long time, Nigeria had an expensive habit. The country exported crude oil but imported the petrol used to…
Nigeria’s abandoned oil wells may have one more job to do

Nigeria’s abandoned oil wells may have one more job to do

An oil well story in Nigeria usually ends when the oil stops flowing. Once production declined, many were sealed, others…
US$50m Brentex facility aims to keep more energy projects in Nigeria

US$50m Brentex facility aims to keep more energy projects in Nigeria

Nigeria’s push to keep more value from its oil and gas industry has received another boost with the development of…
NCDMB launches digital certification for oil and gas training providers

NCDMB launches digital certification for oil and gas training providers

The Nigerian Content Development and Monitoring Board (NCDMB) will officially launch the Nigerian Content Trainers’ Registration Certificate (NCTRC) on Monday,…
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