Latest news and articles about Nigerian economy from NEX English
Nigerian stocks listed on foreign markets saw a significant rise on Wednesday following FTSE Russell's announcement of their return to the emerging markets index later this year. This move reflects an improvement in Nigeria's economic situation, boosting investor confidence in the Nigerian market.
Nigeria has announced a significant increase in crude oil supplies to the Dangote refinery in March, aiming to enhance fuel availability amid disruptions caused by the war in Iran affecting shipments from the Middle East.
Gasoline prices in Nigeria have reached new record levels, even with the recent launch of the country's giant oil refinery. Despite hopes that the refinery would alleviate economic pressures, prices remain unprecedentedly high.
Nigeria has announced a significant reduction in the time required to approve requests for restarting abandoned oil wells from weeks to hours. This move aims to capitalize on rising energy prices and boost oil production in Africa's largest oil producer.
Dangote Petrochemical Refinery in Nigeria has announced the start of fuel exports to five African countries after reaching its full production capacity. This development comes following several shipments to distant markets including Tanzania.