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Nigerians abroad send around $20bn back home every year. The size of this remittance contribution is now a significant plank in the country's flow of foreign exchange but a good [...]

A new dichotomy is emerging in Nigeria's oil and gas industry. Locally-owned companies are taking over Nigeria's onshore hydrocarbon fields while international energy companies are taking to the offshore fields, [...]

Farmers in the villages of Nigeria's northern state of Zamfara are facing a double jeopardy. Soil and rock in the region contain gold, providing financial incentives for them to undertake [...]

For years Nigeria was touted as one of the most lucrative telecommunications markets in Africa. Those who took the risk to invest in Africa's most populous country, such as South [...]

At the 2024 annual mining conference in Toronto, which is reputed to be the world's biggest annual mining event, the turnout of 26,926 was unprecedented. And the hot topic was [...]

When Africa’s richest man, Aliko Dangote, began building a $20bn petroleum refinery near Nigeria’s economic capital of Lagos in 2017, it was intended to kill two birds with one stone. [...]

Banks reaped windfall profits simply by maintaining their currency positions while the naira devalued. Now Nigeria's government wants its share, reports Dulue Mbachu. When Nigerian President Bola Tinubu's government devalued [...]

It was a major milestone for Nigeria when trucks laden with gasoline rolled out of the premises of the newly minted Dangote Refinery, Lagos, on 15 September. It was the [...]

For Nigerian president Bola Tinubu, the October 18 sod-turning ceremony for a $250m lithium battery factory by a Chi- nese investor was both symbolic and pivotal. It was a chance [...]

The Africa Finance Corporation's third infrastructure summit took place in May, bringing together key stakeholders to discuss how to meet Africa's vast infrastructure needs and drive forward economic development. Dulue [...]

Oil, which for decades held pride of place in Nigeria's economic calculations, is being gradually but surely pushed off the stage. In its place, the new ICT and creative industries [...]

One certainty about Nigeria's next general election is that there will be no major ideological contests over economic systems among the leading political parties. Of the three candidates with a [...]

Nigeria's pioneering private equity firm is a leader in mobilising capital for investment across Africa. Chairman and co-founder Okey Enelamah talks to Dulue Mbachu about the company's 24-year journey When [...]

The Central Bank of Nigeria has been fining banks in an attempt to prevent dealing in cryptocurrencies but can such moves have any success in a country where the local [...]

What better time to launch a fertiliser plant than when global prices are at their record highs? That's exactly what Aliko Dangote, Africa's richest man, did. On March 22, Dangote's [...]

Just as global equities have been declining this year amid jitters ranging from post-Covid-19 inflation to Ukraine War disruptions, the Nigerian stock market has been going up. A surge sustained [...]

With the benefits of private sector involvement yet to materialise, Nigeria's consumers and businesses are still without a reliable power supply. Dulue Mbachu looks at where the government goes from [...]

Even with days to go to the 26 March national convention of Nigeria's ruling All Progressives Congress (APC), it still wasn't certain who would preside as chairman. First came the [...]

These are not the best of times for Nigerian banks. Caught between the attrition of fintech companies nibbling away at market share and the muscle of the latest entrants to [...]

the article analyzes whether February 25, 2023 presidential election will be different from recent Nigerian elections that have been won through ethnic and religious alliances. It is noted that four candidates out of the 18 in the running to succeed President Muhammadu Buhari are generally perceived as viable. With about 133m Nigerians living in poverty amid escalating national debt and worsening insecurity, opponents of the party have a lot of ammunition.