Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has warned against a return to widespread intervention programmes, saying such policies distort the market... Read More

Nigeria’s fuel market is undergoing a major shift as the Dangote Petroleum Refinery now accounts for roughly 77 percent of the country’s petrol supply, according... Read More

The Dangote Petroleum Refinery — the world’s largest single-train refinery, based in Lagos — has hit its full nameplate capacity of 650,000 barrels per day,... Read More

The naira opened weaker this morning, slipping in both the official and parallel markets and adding to a quiet, week-long slide that the Central Bank... Read More

At ₦1,820 a litre — a fraction of what middlemen were charging — Africa’s largest refinery has just rewritten the cost equation for an aviation... Read More

Safaricom, the Kenyan telecoms giant and East Africa’s most valuable listed company,posted a 67 percent jump in annual net income on Thursday, smashing analystforecasts and... Read More