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Nigeria's oil production could rise to 1.9 million barrels per day, according to the Nigerian Upstream Petroleum Regulatory Commission. This follows recent achievements that brought production to a peak of 1.86 million bpd.
Oil prices have dropped to their lowest levels since the US-Iran conflict due to a ceasefire agreement easing supply concerns. This decline reflects significant changes in the global oil market dynamics.
Dr. Umaru Kwairanga, Chairman of the Nigerian Exchange Group, emphasizes the need for focused reforms in economic policy to boost Nigeria's competitiveness. He advocates for stronger institutions and better corporate governance at the 2026 PEARL Awards.
Nigeria's bond yield of 22.6% presents a significant opportunity for investors. The Federal Government plans to raise about N1.2 trillion through a bond auction this week.
The Nigerian naira showed stability against the US dollar in both official and parallel markets on June 19, 2026. This trend indicates a consistent exchange rate environment for the currency.
Nigerian marketers are sourcing Dangote fuel through the Lome distribution hub in Togo, despite the country's local production capabilities. This trade pattern raises questions about its sustainability and impact on the local market.
A Nigerian academic is advocating for investment in the herbal medicine sector, emphasizing its potential to transform healthcare. This sector could contribute significantly to a projected $250 billion global economy.
The African Network for Investment and Trade (AFNIS) has secured $600 million in investments over four years. Minister Dr. Dele Alake advocates for African nations to prioritize value addition over raw mineral exports.
First Abu Dhabi Bank has been recognized for its $626 million Murabaha deal aimed at financing the Lagos-Calabar Coastal Highway. This initiative is expected to enhance regional integration and economic resilience in Africa.
•As cease fire deal eases supply fears By Yinka Kolawole, with agency report Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement between the United States and Iran improved prospe...
Pipeline Infrastructure Nigeria Limited (PINL) credits improved pipeline security for Nigeria's increased crude oil production. This boost is linked to OPEC's recent quota adjustments.
The International Islamic Trade Finance Corporation (ITFC) has signed agreements with The Gambia and Tajikistan to enhance trade finance and regional collaboration. This initiative aims to boost private sector development among member states.
The Naira has depreciated to N1,410 per dollar in the parallel market, a slight drop from N1,405. This ongoing decline reflects the challenges facing Nigeria's currency stability.
The global fisheries and aquaculture trade has reached a remarkable $184 billion across 230 economic territories. This growth highlights the increasing importance of aquatic animal products in the global market.
African ministers have adopted the Lome Declaration, aiming to make air travel more affordable across the continent. This initiative is expected to enhance connectivity and boost economic growth in Africa.
The Nigerian stock market has seen a decline of N2.2 trillion, primarily due to profit-taking activities. This trend reflects ongoing challenges within the market, affecting major companies like Dangote Cement.
The European Investment Bank (EIB) emphasizes Nigeria's importance in its Sub-Saharan Africa strategy. EIB Vice-President Ambroise Fayolle made this announcement during his inaugural visit to Nigeria.
Nigeria's interior design sector generates N30 billion annually, according to Minister Hanatu Musa Musawa. This contribution highlights the industry's significant role in the country's economy.
The LCCI predicts a decrease in fuel prices and inflation in Nigeria after the US-Iran ceasefire and the reopening of the Strait of Hormuz. This forecast suggests a positive economic outlook for the country.
The Development Bank of Nigeria has obtained a €200 million loan from the European Investment Bank. This funding aims to support small and medium enterprises across various sectors in Nigeria.
Nigerian tourism operators must embrace AI and digital innovation to tap into the projected N11.2tn market, say industry stakeholders.
Nigerian banks and customers lost N134bn to banking fraud between 2020-2025, CBN reports. Discover how digital payment expansion fuels this surge.
The Oluwo of Iwo praises Dangote Refinery’s crucial role in stabilizing Nigeria’s fuel supply and economy amidst global energy market volatility.
The Bank of England has decided to keep interest rates steady, mirroring the Federal Reserve's recent decision. This move comes amidst expectations of a potential US rate increase later this year.
Egypt's pound has become the world's top-performing currency due to declining oil prices, significantly boosting its economy. This development highlights Egypt's growing financial strength in the global market.
A new study highlights the escalation of banditry and farmer-herder conflicts in Northern Nigeria, which are exacerbating poverty levels. This situation is severely affecting household welfare and the overall economy in the region.
Mutual Benefits Assurance Plc highlights Nigeria's credit shortfall as a key factor in promoting financial inclusion. The company emphasizes that only 6% of financially included adults currently have access to credit.
Standard Bank Group is ramping up its push into Africa’s fast growing business banking market, targeting a revenue opportunity worth read more Six markets Africa’s biggest bank is targeting in its hunt for $15.4bn in revenue
Meanwhile, some residents of Yenagoa have decried alleged aggressive revenue drive by the Port Harcourt Electricity Distribution Company since the return of regular power supply to the city. The post Independent Power Plant: Bayelsa govt yet to decide tariff appeared first on Pre...
The bank said the unit doubled its earnings and return on capital since 2020 and sustained growth of its markets in the continent at the same time. The post Standard Bank targets $15.4bn expansion in Nigeria, African SME markets appeared first on Premium Times Nigeria.