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Inflation pressures have returned in several of Africa's largest economies, including Nigeria, due to the ongoing conflict in Iran affecting global oil prices. This situation raises concerns about economic stability in the region.
Nigeria’s headline inflation rate climbed to 15.69% in April 2026, driven by rising costs for food, transport, and healthcare, according to the NBS.
The CBN launches its fourth edition Foreign Exchange Manual, aiming to improve transparency, liquidity, and confidence in Nigeria’s forex market.
For too long, Nigeria has acted as if economic decisions happen in a vacuum, driven only by markets and private read more Nigeria must apply political economics to protect national interest
Nigeria's inflation rate increased to 15.69% in April 2026, up from 15.38% in March. This rise reflects ongoing economic challenges as reported by the National Bureau of Statistics.
Nigerian banks have strengthened their capital buffers following a N4.65 trillion recapitalisation by the CBN. This move enhances their resilience and capacity for larger financial transactions.
NNPC emphasizes the need for enhanced gas financing across Africa to tap into the continent's significant gas resources. This initiative aims to promote sustainable energy development in the region.
The brief period of cooling prices in Nigeria has come to an abrupt halt, as the latest Consumer Price Index read more April inflation at 15.69% reverses earlier gains
Nigeria's inflation rate increased to 15.69% in April 2026, up from 15.38% in March. This rise of 0.31 percentage points was reported by the National Bureau of Statistics.
The Central Bank of Nigeria (CBN) has launched the 4th Edition of the Foreign Exchange Manual which grants foreign companies in the extractive industry 100 percent unfettered access to their export proceeds. The post CBN launches FX manual, grants extractive firms full proceeds a...
Goldman Sachs has reversed its outlook for South Africa’s interest rates, now expecting the country’s central bank to raise borrowing read more Goldman Sachs swings to South Africa rate hike call as Iran war fuels inflation fears
Africa’s growing ambition to build a seamless digital economy will take centre stage in Lagos next month as industry leaders, read more Digital PayExpo 2026 targets pan-African payment revolution in AI era
The UAE is to fast-track construction of a new oil pipeline bypassing the Strait of Hormuz, official media said on Friday, after the Middle East war crippled exports through the vital waterway. The post UAE to ‘accelerate’ new oil pipeline bypassing Hormuz appeared fi...
"We gave them N20m, five bags of rice, 120 litres petrol, one keg of red oil, one packet of seasoning, N40,000 worth of hard drugs" The post Kwara ECWA members’ kidnappers want N300m after collecting N20m, rice, oil, petrol appeared first on Vanguard News.
Nigeria could be losing up to N20 trillion each year due to systemic revenue leakages, according to legal expert Olisa Agbakoba. This situation is exacerbating the nation's already significant debt burden.
Northern Nigeria's traders have established a cross-border settlement system independent of the AfCFTA. This development highlights ongoing challenges in implementing the African Continental Free Trade Area agreement in the region.
The Lagos State Government is focusing on transforming agriculture into a multi-trillion-naira sector. This initiative includes major infrastructure and market reforms to enhance the state's N16.14 trillion food economy potential.
Minister Dele Alake emphasizes that Nigeria's economic reforms, though painful, are essential for sustainable growth. He highlights the potential of the mining sector as a key area for development.
A technology expert, Odeyeyiwa Olayemi, has offered insights into building a successful career in today’s global economy, which is driven read more Expert explains how to build career in AI, tech-driven global economy
A historical, geostrategic and economic intelligence perspective on national maritime sovereignty and resource security. Cross River State occupies one of read more Cross River maritime corridor: Nigeria’s premier blue economy gateway (into the Gulf of Guinea)
India has increased fuel prices for the first time since the outbreak of the Middle East war in February. This move reflects the ongoing strain on supplies due to the conflict.
India has raised fuel prices for the first time since the Middle East conflict began, affecting supply chains. This increase is a response to the ongoing blockade in the Strait of Hormuz.
The Nigerian government acknowledges the current economic hardship as painful yet essential for long-term prosperity and growth. They emphasize that bold reforms and strategic leadership are crucial for national development.
Bauchi State Police foiled a kidnap attempt in Misau LGA, arresting two suspects after receiving credible intelligence. The timely operation saved two busi
As part of efforts to deepen and widen the tax net of taxpayers, the State Internal Revenue Service (EIRS) has read more EIRS partners EFCC to expand tax coverage, combat tax fraud, evasion
Nigeria’s average daily crude oil and condensate production rose to 1.66 million barrels per day in April 2026, driven largely by stronger output from Bonny, Forcados and Bonga terminals, bringing the country to 99 per cent of its OPEC production quota. The post Nigeria’s cr...
Mr Dangite said small groups profited from local product allocations under the subsidy regime and that subsidy payments alone reached nearly $10 billion annually. The post How oil mafia fought hard to stop my refinery — Aliko Dangote appeared first on Premium Times Nigeria.
ADC accused Tinubu’s administration of running a ‘Ponzi economy’ after FG moved to secure another $1.25 billion World Bank loan The post Fresh loan: ADC accuses FG of running ‘Ponzi economy’ appeared first on Vanguard News.
By Yinka Kolawole The Financial Market Dealers Association (FMDA) has projected Nigeria’s headline inflation rate to rise to 16.42 per cent year-on-year in April 2026, reversing months of steady moderation as rising food prices, higher energy costs and worsening global commodi...
The Nigerian naira recorded a mixed performance against the United States dollar on Friday, May 15, 2026, across the official Nigerian Foreign Exchange Market (NFEM) and the parallel market, as traders monitored forex liquidity and demand pressures. The post Dollar to Naira excha...