Ruth Olurounbi

(Bloomberg) -- Flour Mills of Nigeria Plc, the nation's largest miller, plans to spend as much as $1 billion over the next four years to expand its

(Bloomberg) -- Flour Mills of Nigeria Plc, the nation’s largest miller, plans to spend as much as $1 billion over the next four years to expand its facilities and restructure after its majority shareholder offered to take it private. Most Read from BloombergInside the ‘Utopias’ of Mexico CityHow Mexico City Averted All-Out DroughtOne City’s Plan to Re-Link a Neighborhood That Robert Moses DividedMexico Seeks to Halve Permitting Time to Attract More FactoriesChicago Should Consider Furloughs, Hig

(Bloomberg) -- Nigerian President Bola Tinubu announced an overhaul of his cabinet, relieving five ministers of their positions in the first such shakeup since he took office in May 2023.

Nigerian President Bola Tinubu announced an overhaul of his cabinet, relieving five ministers of their positions in the first such shakeup since he took office in May 2023.

Nigeria unveiled an amnesty program to draw out foreign-exchange hoarded by individuals outside banks in a bid to support the nation’s currency, which plummeted to a new low on Thursday.

Nigeria is seeking a $5 billion trade facility from Saudi Arabia to shore up capital for its economic reform program.

(Bloomberg) -- Nigeria plans to issue eurobonds and Islamic sukuk bonds to help finance its 2025 budget, according to Finance Minister Wale Edun.

Ruth Olurounbi and Emele Onu 1 min read (Bloomberg) -- Nigeria plans to issue eurobonds and Islamic sukuk bonds as part of the debt portion for funding this year's budget, according to Finance Minister Wale Edun.

Nigerian inflation quickened more than expected, putting another interest-rate hike in play.

Long queues of cars are a common sight at petrol stations across Nigeria, but for some drivers turning to compressed natural gas, pumps are becoming a thing of the past.