The price of vegetable oil in the markets has been increasing, causing more headaches for Nigerian households this festive season; A market survey revealed that traders are demanding 95% more to ...

Climbers use handmade harnesses to harvest palm fruits from 60-foot-tall trees to make red palm oil, which can cost 16 times as much as vegetable oil. Business Insider Subscribe Newsletters ...

In the first quarter of 2024, non-oil, non-energy exports to the U.S. were valued at N74.79bn. These included flours and meals of soya beans worth N28.21bn, urea at N20.33bn, refined lead at N14 ...

A visit to various food markets in Lagos State showed that the price of a 5-litre vegetable oil, which sold for N2,100, depending on the brand, as at 2018 before Covid-19 era, now sells for N22,000.

Nigeria and Saudi Arabian oil giant Aramco’s discussions regarding a $5bn oil-backed loan have hit a snag following a significant drop in crude oil prices, reported Reuters, citing sources. The ...

Thousands of oil spills in Nigeria’s Niger Delta. There have been thousands of crude oil spills in the tidal mangroves and farmlands of the Niger Delta since oil drilling and production began in ...

Petrol production at Nigerian business tycoon Aliko Dangote’s $20bn (£15.5bn) state-of-the-art oil refinery ought to be some of the best business news Nigeria has had in years.