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A roadside bomb detonated at a crowded bus station in northeastern Nigeria on Thursday, killing at least 35 people, including five soldiers, the Naij.com website reported.

Nigeria's currency touched a record low against the dollar on Wednesday, a day after the central bank devalued it by 8 percent, complicating efforts to contain inflation before presidential elections early ...

LAGOS (Reuters) - Nigeria's naira touched a record low against the dollar on Wednesday, a day after the central bank devalued the currency, and it was trading lower than the bank's target band even after rebounding. Nigeria's central bank devalued the naira by 8 percent and raised interest rates sharply on Tuesday, as it sought to stem losses to its foreign reserves from defending the currency ...

Due to prevailing cases of gas flaring in the petroleum sector, Nigeria has started using a satellite tracking system to help it bring in more than $1bn yearly in fines for illegal gas flaring. The new gas flare tracker is an online map showing data from a United States National Oceanographic and Atmospheric Administration satellite...  [Read More...]

By Julia Payne and Camillus Eboh ABUJA (Reuters) - Nigeria's central bank devalued the naira by 8 percent and raised interest rates sharply on Tuesday, as it sought to stem losses to its foreign reserves from defending the currency against weaker oil prices. The bank moved the naira's target band to 160-176 to the U.S. dollar, compared with 150-160 naira previously, owing to prolonged naira ...

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