Business

CBN cuts interest rate to 27% after months of holding steady    

CBN cuts interest rate to 27% after months of holding steady    

For the first time this year, the Central Bank of Nigeria has nudged interest rates down. The Monetary Policy Committee…
Uber injects ₦34bn into Nigeria’s economy in 2023, report shows

Uber injects ₦34bn into Nigeria’s economy in 2023, report shows

When Lagosians joke that ride-hailing apps are the city’s unofficial public transport system, it is not far from the truth.…
Nigeria leads Africa in startup funding (H1 2025)

Nigeria leads Africa in startup funding (H1 2025)

Walk into any Lagos café on a weekday morning and you are likely to overhear two things: someone negotiating a…
Local refineries struggle despite rising production

Local refineries struggle despite rising production

If you thought Nigeria’s oil story was all about exports and dollar inflows, the reality on the ground paints a…
Inside Lagos nightlife: The real cost of balling

Inside Lagos nightlife: The real cost of balling

There is a certain kind of Lagos night that does not end with small chops and a chilled drink. It…
African Nations urged to unite for a sustainable oil and gas future

African Nations urged to unite for a sustainable oil and gas future

In a continent blessed with abundant oil, gas, and renewable energy resources, African leaders are once again asking a pressing…
NCDMB challenges WAV and other indigenous firms to step into deepwater

NCDMB challenges WAV and other indigenous firms to step into deepwater

For years, Nigeria’s indigenous oil and gas service companies have built reputations as dependable players in onshore and shallow-water operations.…
Shoprite’s empty aisles tell a bigger story about Nigeria’s retail troubles

Shoprite’s empty aisles tell a bigger story about Nigeria’s retail troubles

If you strolled into a Shoprite store recently, you are probably among the many Nigerians asking the same question: What…
The podcast boom: Nigeria’s new school of storytelling

The podcast boom: Nigeria’s new school of storytelling

Once upon a time, the Nigerian family gathered around the radio for news, dramas, and storytelling. The crackle of the…
Lagos cuts land size requirement for estate developers

Lagos cuts land size requirement for estate developers

In a bid to ease the housing crunch and respond to Lagos’ rapid urban growth, the state government has reduced…
Nigeria targets $60bn to boost gas production and energy projects

Nigeria targets $60bn to boost gas production and energy projects

Nigeria is making one of its boldest pitches yet to the global energy market, a $60 billion investment drive to…
Ex-Minister Kachikwu pushes for bigger local content fund

Ex-Minister Kachikwu pushes for bigger local content fund

Former Minister of State for Petroleum Resources, Prof. Emmanuel Ibe Kachikwu, has urged a significant expansion of the Nigerian Content…
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