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 ...

Releaf, a Nigerian agritech startup that supplies ingredients (starting with the oil palm) to consumer goods manufacturers and their food factories, has received $3.3 million in an oversubscribed ...

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 ...

Higher exports and increased demand from the huge new African refinery, Dangote, pushed Nigeria’s oil production in February 70,000 barrels per day (bpd) above its OPEC+ quota of 1.5 million bpd ...

As it passed above the Niger Delta in 2021, a satellite took an image. It showed acres of land, scraped bare. The site, outside the city of Port Harcourt, was on a cleanup list kept by the United… ...

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.