While the Organization of the Petroleum Exporting Countries (OPEC) recently decided to lower its crude oil production levels, the move means ... that Nigeria has plummeted in the ranking of the continent's main producers. Angola loses its short-lived leadership status.
In October, President Muhammadu Buhari presented an Appropriation Bill of N20.51trn ($43.7bn) for the fiscal year 2023 to the joint session of ... the lower and upper Chambers of the National Assembly. He described the 2023 proposed budget as one “of fiscal sustainability and transition" - his very last budget as Nigeria's president. However, what financial legacy is he leaving behind?
Purple, the Nigerian real-estate company currently carrying out a stock market initial public offer (IPO), is close to securing backing from ... financial guarantee provider InfraCredit for the debt part of its fundraising, Purple CEO Laide Agboola tells The Africa Report.
Ghana and Nigeria have always had a healthy competition, which dates back to decades ago. Unlike Ghana, however, Nigeria’s industry has fast ... evolved to become globally competitive, enjoying the number two spot in the world after Bollywood in terms of the number of productions. In an interview with The Africa Report, filmmaker Peter Sedufia explains why.
Nigeria top stories
Join the global community who rely on us for insight.
The Ogun government recently announced that Gasoline Integrated International (GII) had acquired 800 hectares of land for its planned oil refinery ... in the state. This adds to the growing list of refineries springing up to end Nigeria's decades-long paradoxical situation: being a major producer of crude oil as well as a key importer of refined petroleum products.
Peter Obi, the Labour Party candidate in Nigeria’s February 2023 presidential elections, sits down with The Africa Report to talk about economic ... reforms, the security crisis, his plans to shake up the political competition, and whether he would prosecute anyone from Buhari's administration if he got into power.
The timetable for a final investment decision (FID) by UTM Offshore on Nigeria’s first floating liquefied natural gas (FLNG) project has slipped ... again to the fourth quarter of 2023, CEO Julius Rone tells the Africa Report.
A London court's decision to exclude Nigeria from a multi-million-dollar settlement is fueling calls to reform international anti-bribery laws, ... which often leave African victims of corruption hanging.
Despite a successful decade-long career that’s seen him firmly establish himself as the global torchbearer for Afrobeats, it feels like Wizkid ... is only getting started. After flirting with true crossover success through most of the 2010s, the Nigerian musical icon has over the past two years finally found true international acclaim.