Live intelligence from 10+ verified Nigerian and UK sources
Lagos State has achieved a remarkable N807 billion in revenue within the first three months of 2026, exceeding its peers in Nigeria. This strong performance is largely attributed to personal income taxes, bringing it close to one-fifth of its ambitious budget for the year.
The Naira to Dollar exchange rate remains moderate as the Central Bank of Nigeria works to enhance dollar liquidity. This effort aims to stabilize the forex market and improve economic conditions.
Thailand plans to borrow $12.2 billion to enhance domestic spending amid rising inflation and slowing growth. This move aims to alleviate economic hardships caused by the ongoing crisis in the Middle East.
The global demand for lithium-ion batteries is prompting a search for alternative sources of lithium, as China's dominance in the market raises concerns. This shift could lead to new opportunities in the energy sector.
G7 Trade Ministers are set to meet, but they will not discuss the recent US tariff threat on EU cars and trucks. This issue will be addressed separately, indicating a focused agenda for the meeting.
The CRMI has expressed worries about potential disruptions in the global oil market due to the UAE's exit from OPEC. This move could have significant implications for oil prices and supply stability worldwide.
Asian equities, including markets in Hong Kong and Sydney, have declined due to concerns over the stability of the US-Iran ceasefire. This situation has created a ripple effect, impacting investor confidence across the region.
Japan has received its first shipment of Russian oil since the Iran War, highlighting the ongoing global oil supply challenges. Prime Minister Sanae Takaichi discussed the significant impact on the Asia-Pacific region during talks with Australian Prime Minister Anthony Albanese.
Australia has raised its key interest rate due to rising global oil prices. This decision follows military actions in the Middle East that have impacted fuel costs.
The Nigerian Naira showed stability against the US Dollar on May 5, 2026. This trend was observed in both the official and parallel foreign exchange markets.
Nigeria has the potential to revive its palm oil industry by learning from Malaysia's success. The article discusses how Malaysia transformed its palm oil sector and the lessons Nigeria can adopt.
Nigeria's food markets are facing a public health emergency as hunger drives dangerous practices. This situation highlights the urgent need for effective interventions to ensure food safety and security.
The Nigerian Upstream Petroleum Regulatory Commission reports that 300 firms are competing for 50 oil blocks in the current licensing round, indicating strong investor confidence in Nigeria's energy sector. Local refineries are essential for achieving a target of 2 million barrels per day oil output.
NNPC has signed a Memorandum of Understanding with two Chinese firms to revive the Warri and Port Harcourt refineries. This partnership aims to enhance oil production and profitability in Nigeria's energy sector.
Nigeria's banking system liquidity has significantly increased after a recapitalisation exercise. However, the growth in lending to the private sector has not kept pace with this liquidity surge.
Alex Otti discusses the importance of prioritizing the population's experiences in economic development beyond just GDP growth. He emphasizes the need for thoughtful choices and trade-offs in governance.
Nigeria has been ranked 6th globally for outsourcing, thanks to its low labour costs and an expanding talent pool. This positions the country as a prime destination for outsourcing services.
Bauchi traders are advocating for improved trading spaces to support displaced members and enhance commercial activities. The association believes this will help sustain livelihoods in the community.
Nigerians face rising petrol costs and inflation despite increasing crude prices. The volatility in global oil markets is causing economic anxiety among citizens.
The Central Bank of Nigeria's recent reforms are enhancing the economy's resilience and boosting investor confidence. These measures are expected to improve growth prospects amid global economic challenges.
Nigeria's petrol price has decreased by 15.6% year-on-year as of February 2026. This decline reflects positive trends in the country's fuel pricing.
South Africa plans to increase fuel prices starting May 6 due to rising global crude oil prices and supply disruptions. This decision reflects ongoing challenges in the international petroleum market.
Nigeria faces significant fiscal challenges as it seeks to optimize revenue amidst volatile oil income and rising debt. The government's approach to digital revenue sources is crucial for economic stability.
NNPC has signed a deal with Chinese firms to revive two state-owned refineries. This move aims to enhance Nigeria's oil production capabilities after significant previous investments.
NNPC has partnered with two Chinese firms to restart the Warri and Port Harcourt refineries. This collaboration aims to enhance Nigeria's oil production capacity.
NNPC has signed a Memorandum of Understanding to restart and expand the Warri and Port Harcourt refineries. This agreement aims to identify potential technical equity partners for the project.
NNPC has signed a Memorandum of Understanding with Chinese firms to restart the Warri and Port Harcourt refineries. This initiative aims to boost Nigeria's oil production capacity.
Tunde Ayeni, the former Managing Director of Skye Bank, has been arraigned by the EFCC on charges of fraud involving ₦15.6 billion. The charges include criminal breach of trust and misappropriation of investors' funds.
NNPC has signed a Memorandum of Understanding with two Chinese firms to restart and expand the Warri and Port Harcourt refineries. This initiative aims to enhance Nigeria's refining capacity and boost the oil sector.
Investment in cold chain infrastructure in Nigeria could create up to 25,000 jobs, according to expert Opeoluwa Runsewe. This development is expected to significantly boost the agricultural value chain.