Live intelligence from 10+ verified Nigerian and UK sources
PETAN forecasts a $7 billion investment in equipment to boost Nigeria's oil production to 3 million barrels per day by 2030. Indigenous firms currently generate $6 billion annually, aiming to enhance local content and service standards.
By Cynthia AloA former Chairman of the Agriculture and Non-Oil Group of the Lagos Chamber of Commerce and Industry, Prince Wale Oyekoya, opened a can of worms on the financial institution in Nigeria, Thursday, when he accused them of diverting funds meant for agricultural develop...
The UAE's exit from OPEC marks the end of over 50 years of membership and highlights the organization's diminishing power in setting oil prices. This move could have significant implications for global oil markets and pricing strategies.
Interswitch inducts its third cohort into its Developer Academy to strengthen Africa’s tech talent pipeline and support the continent’s digital economy.
The CPPE warns against xenophobia reprisals, stating that targeting South African firms in Nigeria would be counterproductive and harm the economy.
Residents in Lagos estates are facing skyrocketing electricity bills due to poor grid supply, leading to a reliance on expensive diesel generators. This situation highlights the ongoing challenges in Nigeria's energy sector.
Nigeria's air transport sector has seen a remarkable 10% growth in passenger traffic. This growth comes as the IATA forecasts a 6% performance for the entire African continent by 2026.
The Nigerian stock market experienced a significant decline, losing N1.9 trillion due to a sell-off in Dangote Cement and other companies. This downturn reflects growing investor caution in the market.
The Nigerian equities market saw its capitalisation drop by N1.92tn due to heavy selloffs in large-cap stocks like Dangote Cement and BUA Cement.
Iran is cutting its oil output by 400,000 barrels a day as storage fills up and exports stall, amid ongoing diplomatic talks with the United States.
Financial Trust Company marks its 50th anniversary, a testament to its endurance, integrity, and innovation within Nigeria’s evolving capital market.
Bauchi State partners with private stakeholders to improve the livestock value chain, focusing on modern practices, feed development, and digital marketing
Nigeria’s banking recapitalisation will boost lending to the real economy, bridging key investment gaps in infrastructure and productive sectors, says FSDH
The Central Bank of Nigeria's foreign subsidiary rule has led to a significant loss of N1.92 trillion for investors on the Nigerian Exchange. Major sell-offs were observed in banking and cement stocks as a result of this new regulation.
A US trade court has ruled against President Trump's global 10% tariff, stating it was unjustified. This ruling may lead to further legal challenges regarding trade policies.
A US trade court has ruled against President Donald Trump's global 10% tariff, marking another setback for his administration. This decision follows the Supreme Court's earlier ruling that struck down many of Trump's tariffs.
A group has criticized the refinery deal and is calling for an investigation into the $1 billion expenditure. Host communities have also protested at the Port Harcourt Refinery, demanding accountability.
Transport costs across road, air and waterways recorded a sharp rise in March 2026, tightening pressure on household budgets and indicating persistent inflationary strain in Nigeria’s mobility sector, according to the National Bureau of Statistics (NBS). The post Road, air, wat...
Small businesses in Nigeria are struggling to survive due to rising fuel costs and unreliable power supply. Experts emphasize the need for structural reforms rather than temporary financial aid from the government.
Dangote Refinery has confirmed that the ex-depot price of petrol remains unchanged, countering previous rumors of a price hike. This clarification aims to stabilize market expectations regarding fuel pricing.
Fifteen insurance firms have successfully completed capital verification as part of the ongoing recapitalisation exercise. Nine additional firms are still under review by the National Insurance Commission (NAICOM).
Discover why the jollof rice cost for a Nigerian family soared to ₦30,435 in Q1 2026. A new report reveals the impact of fuel prices and inflation.
Oyo State police successfully foiled an armed robbery in Iseyin, neutralizing one suspect and arresting two others after a gun duel with a security guard.
NAFDAC and NEPZA are strengthening collaboration to block fake drugs and substandard consumables from entering Nigerian markets via free trade zones.
Top players like Jannik Sinner are demanding significant tennis revenue reform, seeking a higher share of Grand Slam profits and greater respect from organ
Nentawe Yilwatda, APC's national chairman, highlights the federal government's investments aimed at enhancing the economy and trade in Northern Nigeria. This initiative is part of President Tinubu's broader economic strategy.
Oil prices have seen a significant drop, falling over 10% at one point due to fluctuating peace hopes in the Middle East. The decline continued with an additional drop of more than 2%.
Nigeria’s House of Reps approves the 2026 FCT and NDDC budgets, allocating N2.29tn and N1.75tn for infrastructure, security, and development projects.
The Nigeria Customs Service, Kwara Area Command, generated over N3.8bn in revenue and seized drugs, rice, and chemicals in the first quarter of 2026.
Traders anticipate that Nigeria's naira will continue to strengthen due to robust dollar supply. In contrast, Ghana's cedi is expected to weaken in the coming week.