Ruth Olurounbi

African Democratic Congress, one of Nigeria’s major opposition parties, has selected former Transport Minister Chibuike Rotimi Amaechi as the running mate to its presidential candidate, Atiku Abubakar.

A public listing of an industrial asset of this scale would be a once-in-a-generation test of Africa's capital markets.

Seated beneath a large red canvas umbrella outside Nigeria’s main stock exchange in Lagos, Sulaimon Isiaka watches traders, bankers and executives stream past his newspaper stand each day.

The contrast between haves and have-nots is clearly evident in Nigeria’s stock gains.

Nigeria’s central bank held interest rates as expected to curtail price pressures from the Iran war.

Nigeria’s gasoline imports more than tripled last month as the country’s main refinery cut domestic supply and increasingly directed output toward export markets to maximize foreign-currency earnings.

Shipped in 18.1m liters of the fuel per day in June, compared with 5.6m liters in May.

Nigeria said it approved a $4.5 billion arrangement with the state-owned energy firm that will liberate funds to bolster foreign-exchange reserves and spending on the government’s ongoing infrastructure priorities.

(Bloomberg) – Nigeria said it approved a $4.5 billion arrangement with the state-owned energy firm that will liberate funds to bolster foreign-exchange reserves and spending on the government's ongoing infrastructure priorities.

Artificial intelligence (AI) is fueling more than half of cybercrime in Africa, enabling criminals to launch faster, more sophisticated attacks as financial losses continue to mount, a new study found.