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Oil prices have fallen to $80 a barrel, while stock markets have experienced a rally following a peace agreement between the US and Iran. This development has brought a sense of relief to global markets.
The price of foods consumed by Nigerians have continued on a steady rise, as food inflation rose from 16.06 percent read more Food inflation climbs to 16.96% in May
Nigeria's federal, state, and local governments shared N2.26 trillion in April 2026, marking a notable revenue increase. This distribution reflects positive financial growth across different government levels.
Nigeria's inflation rate rose to 15.93% in May 2026, marking the third consecutive monthly increase. Food prices are significantly contributing to this rise in inflation.
Vandals have damaged 14 power tower spans in Niger State, raising concerns from the Transmission Company of Nigeria (TCN). This act is seen as economic sabotage that threatens the electricity supply in the region.
Nigeria's inflation rate increased to 15.93% in May 2026, up from 15.69% in April. This rise reflects ongoing price pressures affecting household spending.
The latest figures indicate that while inflation remains considerably lower than the levels recorded a year ago, consumer prices continue to rise, with the annual inflation rate increasing for the third consecutive month amid persistent pressures from food, services, and other co...
The Commissioner for Oil and Gas in Edo State, Mr. Andrew Momodu has urged prospective investors, industry operators and development partners that wish to invest in Nigeria's oil and gas sector to collaborate with the state stating its current administration is committed to creat...
Conoil Plc has reported a sharp contraction in its bottom-line performance for the full year ended December 31, 2025, with read more Adenuga’s Conoil slashes FY’25 dividend by almost half as profit plummets 75%
Total distributable income comprised distributable statutory revenue of N1.260 trillion, distributable Value Added Tax (VAT) revenue of N747.088 billion, and Augmentation of N250 billion. The post FG, States, LGs Share ₦2.26trn April Revenue — FAAC appeared first on Channels ...
Foreign investors are withdrawing money from South African assets as the Middle East war triggers a global flight to safety, read more Foreign investors flee South African assets as Iran war rattles global markets
Olayemi Cardoso, the Governor of the Central Bank of Nigeria, has introduced the Nigerian Overnight Financing Rate (NOFR) to adapt to evolving economic conditions. This new daily benchmark aims to enhance the financial system's responsiveness to market changes.
Nigerian businesses appear to be generating sales but struggling to convert them into profits, according to the analysis of the read more Falling Company Income Tax exposes pressure on Nigerian businesses as VAT increases
Christine Lagarde has confirmed her commitment to the European Central Bank, dismissing rumors of her departure. She aims to maintain price stability amid rising inflation and global conflicts.
OLUMIDE EMMANUEL, CEO, Common Sense Group, is a multi-talented Nigerian with diverse interests and deep knowledge of the country’s economy, read more Nigeria must invest in infrastructure for oil windfall to trickle down to everybody’
The US and Iran are set to finalize a peace agreement, which could positively impact global energy markets. The reopening of the Strait of Hormuz is particularly significant for oil shipping routes.
Global crude oil prices fell sharply on Monday after the United States and Iran reached a peace agreement ending more than two months of conflict that had rattled energy markets and heightened fears of a prolonged global supply disruption The post Oil prices tumble as US, Iran r...
Crude oil prices have fallen following a peace agreement between the US and Iran, which has positively impacted global stock markets. The reopening of the Strait of Hormuz is expected to enhance trade and economic stability.
In a qualified sense, the fund’s report presents a picture of an economy that is stronger financially, today, than it was three years ago, but not yet strong socially. Put this way, the IMF’s report simply reinforces something the average Joe on Nigeria’s streets ha...
Oil prices fell sharply on Monday while global equities rallied after the United States and Iran announced a deal to end their conflict and reopen the Strait of Hormuz, easing fears of supply disruptions. The two countries confirmed the agreement following a mediation effort by P...
The official market has largely traded within the ₦1,360 range in recent days, supported by ongoing reforms and improved foreign exchange supply. The post Naira To Dollar Exchange Rate Today, June 15, 2026 appeared first on Channels Television.
Nigeria's Naira shows improved stability compared to two years ago, reflecting positive economic trends. However, the challenge of effective time management remains a concern under the current administration.
Brent crude oil's $100 threshold is under pressure as stockpiles in China and Washington decline. This situation could impact global oil prices significantly.
Experts predict that Nigeria's inflation rate will decrease to 15.02% in May 2026 due to stabilizing food prices. This positive trend is attributed to easing energy shocks affecting the economy.
Poverty continues to be a significant global issue, impacting millions despite economic advancements. The report highlights the ten least affluent nations projected for 2026, underscoring ongoing challenges.
Crude prices have dropped significantly while stock markets have surged following a peace agreement between the US and Iran. The deal is expected to bring stability and could lead to a final agreement in the coming months.
Airtime borrowing in Africa has surged to an unprecedented N4.6 trillion, reflecting the financial challenges faced by millions. This trend highlights the growing reliance on mobile services for financial support across the continent.
An analysis of President Tinubu's economic approach highlights a developing division of labor in Nigeria's democratic landscape. The discussion emphasizes the significance of national dates in shaping the country's economic policies.
The Nigerian naira showed stability against the US dollar in both the official and parallel markets as of June 15, 2026. This reflects a positive trend in the currency's performance.
The IMF's recommendation for Nigeria to introduce excise duties on telecom services has reignited discussions on telecom taxation. This proposal could significantly impact the telecommunications sector in the country.