Power outages have continued to plague Nigeria’s electricity system after fresh evidence showed that 58 percent of publicly funded dam projects meant to support power generation remain stalled or abandoned, despite hundreds of millions of naira already di...

The Nigerian stock market has entered a new era of unprecedented growth as the All-Share Index (ASI) surged past the 170,000-points threshold, marking a historic milestone for the Lagos bourse....

On the floor of the Nigerian Exchange Limited (NGX), what seemed earlier this week like a storm on shares of Nigeria's oldest lender, First Holdco, is leaving behind a surprising and golden clarity....

Bayo Ojulari, group chief executive of the Nigerian National Petroleum Company Limited, has admitted that the state-owned giant is incapable of operating the country’s refineries at a profit....

Nigerian indigenous oil companies have overtaken international counterparts in production volume, now accounting for more than 50% of the nation’s total oil and gas output in the last 70 years....

Nigeria’s federal budgets over the past decade have consistently favoured the ministry of finance, reflecting the heavy burden of rising debt at the expense of growth-driving sectors such as agriculture, power and works....

On the ever-busy Custom Street in Lagos, a name has been echoing among many stock investors with a mix of nervousness and excitement – that is First HoldCo....

Nigeria has spent N46.62 billion on its flagship Ajaokuta Steel Company over the past decade, even as the facility has failed to produce a single tonne of steel commercially, according to budget data analysed by BusinessDay....