Emele Onu

(Bloomberg) -- Nigeria's biggest banks' share prices are set to rally after record high interest rates boosted profits, according to brokers.

Nigerian Chief of Army Staff Taoreed Lagbaja has died following a period of illness, the presidency said.

Record-high fixed-income yields and central bank intervention have failed to stem the naira's slide, with the Nigerian currency hitting a fresh record low this week.

Nigeria expects a 30% increase in crude and condensate output as authorities strengthen security around the nation’s oil infrastructure and incentives in the sector attract investment, even though the gain could cross its OPEC+ commitment to limit production.

(Bloomberg) — Nigeria expects a 30% increase in crude and condensate output as authorities strengthen security around the nation's oil infrastructure

Seplat Energy Plc will revive hundreds of idle Nigerian oil wells after completing its purchase of Exxon Mobil Corp.’s onshore oil and gas assets in the West African nation.

Seplat Energy Plc will revive hundreds of idle Nigerian oil wells after completing its purchase of Exxon Mobil Corp. 's onshore oil and gas assets in the West African nation.

The central bank, looking to increase financial inclusion, encouraged the proliferation of agents — but regulators now fear they are consuming the monetary system and pushing the naira further from their control

Roughly 93% of total currency in circulation — or 4 trillion naira ($2.6 billion) — sits outside of banks as of September, according to central bank data. That's up from 81% in September 2019.

Chappal Energies, a Mauritius-based oil and gas exploration company focused on Africa is planning to bring on new investors once it completes the purchase of TotalEnergies SE assets in Nigeria.