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Nigerian fuel marketers are increasingly importing refined petroleum products originally produced by the Dangote Petroleum Refinery through the offshore ship-to-ship read more Nigeria imports its own fuel as Dangote-Lomé trade surges
The association expressed concern that imported petroleum products are, in some cases, landing in Nigeria at costs lower than the prices offered by domestic refiners. The post PETROAN Urges Depot Owners, Others To Cut Local Petrol Cost Amid Oil Price Decline appeared first on Cha...
Experts at the Islamic Development Bank Meeting in Baku are discussing the role of artificial intelligence in enhancing digital economies among member countries. This initiative aims to foster regional economic growth through technological advancements.
Valentine Olaleye, a stakeholder within the All Progressives Congress (APC) in Ondo State, has described the proposed establishment of the read more Ondo multibillion-naira free trade zone will shape industrial future — Olaleye
Nigeria has acquired 449,000 metric tonnes of fertilizer to boost food security and support local farmers. President Bola Tinubu emphasized the importance of this initiative in mitigating global supply disruptions.
Goodluck Ebelo, newly appointed Director of Energy Security, Office of the National Security Adviser (ONSA), has described Nigerian soldiers’ commitment read more ONSA credits troops for oil production boost in Niger Delta
Governor Soludo has launched an N80 million startup fund to support 80 emerging businesses in Anambra. Additionally, 400 youths have graduated with tech skills to enhance the state's digital economy.
Nigeria’s bustling food service industry could kindle the country’s food tourism sector and generate non-oil export revenue if treated less read more Nigeria’s food service industry could unlock non-oil exports, tourism revenue – Experts
Doftwerks West Africa Limited has been officially accredited by the Nigeria Revenue Service (NRS) at its headquarters in Abuja as read more E-Invoicing: Doftwerks achieves NRS dual accreditation as systems integrator, access point provider
Freight forwarders in Nigeria are urging reforms to the AfCFTA Fund to enhance export growth. They caution that without these changes, Nigeria may not fully benefit from the African Continental Free Trade Area.
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.