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Oil prices fell sharply following the agreement between US President Donald Trump and Iranian President to reopen the Strait of Hormuz. This deal marks a significant step towards easing tensions in the region.
A group is pushing to retain $240m spent annually on oil sector training within Nigeria, aiming to boost local capacity and reduce capital flight.
Brazil has reduced its key interest rate to 14.25% amid ongoing inflation concerns. This marks another step in the country's monetary policy adjustments.
By Obas Esiedesa, Abuja Fuel marketers across Abuja on Wednesday continued to sell Premium Motor Spirit (PMS), popularly known as petrol, at old prices more than 24 hours after Dangote Petroleum Refinery announced a reduction in its ex-depot price. Checks by our correspondent sh...
Mutual Benefits Assurance Plc has highlighted Nigeria's significant credit shortfall, noting that only six percent of adults can access credit through formal channels. The company proposes potential solutions to improve access, which is crucial for economic growth.
Over 92% of personal pension savings accounts in Nigeria are unfunded, highlighting a significant gap in the pension scheme. The National Pension Commission is working to include informal sector workers in the Personal Pension Plan.
Oil prices have dropped following a US-Iran agreement to reopen the Hormuz Strait, raising hopes for lasting peace. This development comes after months of conflict that had destabilized energy markets and contributed to inflation.
Nigeria's current account surplus has surged by 46% to $4.98 billion in Q1 2026. This growth reflects positive economic trends as reported by the Central Bank of Nigeria.
Oil prices have dropped over $1 per barrel, sparking optimism for a return to pre-war fuel costs in Nigeria. This decline follows an interim agreement between the U.S. and Iran.
Nigeria’s economic environment has become increasingly complex for investors. Inflationary pressures, currency fluctuations, interest rate adjustments and global uncertainties have read more Building wealth in volatile markets: Smarter investment strategies for Nigerians
Nigeria’s economic environment has become increasingly complex for investors. Inflationary pressures, currency fluctuations, interest rate adjustments and global uncertainties have read more Building wealth in volatile markets: Smarter investment strategies for Nigerians
The memorandum of understanding aims to put an end to months of conflict initiated by US-Israeli strikes on Iran in February, which wreaked chaos across the region and rattled the global economy. The post End To Iran’s Nuclear Weapon Ambition, $300bn Reconstruction Aid, Details...
The naira showed relative stability against the US dollar on June 18, 2026, amid ongoing monitoring of foreign exchange liquidity. Traders are keeping a close eye on demand pressures in the market.
Nigeria’s top female tennis player, Mohammed Khadijat, dominates to reach the CBN Tennis Championship quarter-finals. Read about all the latest results her
NNPCL is facing significant challenges regarding its financial management, raising concerns about its future. The ongoing controversy has sparked discussions in the Senate that should not be overlooked.
The IMF has raised concerns about Nigeria's increasing public debt, urging the government to take action. This warning highlights the need for effective debt management strategies in the country.
The Nigerian stock market has seen a decline of N2.5 trillion over three days due to negative investor sentiment. This trend reflects a cautious approach from investors amid current market conditions.
Nigeria's wheat self-sufficiency project is stalled due to the finance ministry's delay in releasing funds from the African Development Bank. This setback hampers efforts to reduce the country's wheat import bill.
The Naira has fallen to N1,405 per dollar in the black market, a decline from N1,389 per dollar earlier this week. This depreciation highlights ongoing challenges in Nigeria's currency stability.
The FCCPC is working with the Presidency to enhance foreign direct investment initiatives in Nigeria. An analysis supports that strong regulation is essential for attracting legitimate foreign investments.
Nigerian Navy foils crude oil theft, uncovering a camouflaged underground storage site with 17,000 litres of stolen crude oil in Delta State.
Nigeria's current account surplus has reached $4.98 billion in the first quarter of 2026, largely due to strong oil exports. This positive trend is complemented by a decrease in petroleum product imports.
Nigeria's crude oil production is increasing, with the NUPRC setting a target of 1.9 million barrels per day. This reflects ongoing improvements and collaborations in the sector.
Nigeria's solid minerals sector has attracted $3 billion in investments over the past three years. This reflects increasing investor confidence and ongoing reforms under President Tinubu's administration.
The CBN’s new Payments System Vision 2028 aims for biometric-driven, invisible payments but warns of data protection gaps. Learn how this impacts Nigerians
Dangote Refinery slashes gantry prices for diesel and jet fuel by N100. Learn how these Dangote refinery prices impact the market and consumers.
The Centre for the Promotion of Democracy (CPPE) highlights that Nigeria's manufacturing sector has been in a cycle of low growth for 26 years. This stagnation is a significant concern for the country's economic development.
The Nsukka Chamber of Commerce has proposed a N1 billion fund to boost economic growth in the Nsukka Economic Zone. This initiative aims to enhance development and stimulate local industries.
Africa has launched a $176 million fund aimed at providing energy access to 30 million individuals. This initiative addresses the continent's ongoing electricity deficit and aims to improve energy availability.
Charcoal sales have increased in Ebonyi as cooking gas prices rise. Dealers report significant demand, with prices for charcoal ranging from N500 to N1,600 depending on quantity.