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Iran has largely blocked shipping through the strait since the outbreak of war with the United States and Israel on February 28. The post Iran military says control over Hormuz to bring significant economic revenues appeared first on Vanguard News.
The Area Controller stressed the need for increased operational interventions across terminals to block revenue leakages while ensuring seamless trade facilitation and timely cargo clearance. The post No delay at ports, Apapa Customs comptroller warns officers appeared first on V...
The project highlights Dhaka's efforts to secure water supplies for its agriculture-dependent economy. The post Bangladesh Approves $2.8bn River Project To Tackle Water Shortages appeared first on Channels Television.
The Nigerian Ports Authority (NPA) standout performance in the first quarter (Q1) of 2026 did not occur in a vacuum. read more Here’re the drivers of NPA’s strong Q1 results
Nigeria’s crude oil production rose to 1.489 million barrels per day (bpd) in April 2026, the highest level recorded in read more Nigeria’s crude oil hit 1.489m bpd, highest in 4 months
Despite the ceasefire between the United States and Iran in April 2026, global oil prices remained above $100 per barrel, read more These 12 African currencies appreciated despite Iran war shocks
As artificial intelligence, automation, and remote collaboration continue to redefine global labour markets, Nigerian organisations and... read more AI, remote collaboration reshapes Nigeria’s workplace
Tony Elumelu emphasizes the need for Africa to abandon a 'victim mentality' and focus on attracting global private investment. He welcomes support from various countries to boost the continent's economic growth.
Turkey and Armenia are set to restart direct trade, which previously went through Georgia with additional taxes. This move is expected to enhance economic relations between the two countries.
The Debt Management Office (DMO) has announced a ₦600 billion bond auction scheduled for May 2026. This initiative aims to finance fiscal obligations and attract institutional investors to the domestic capital market.
Lagos State has announced a ₦4.444 trillion budget aimed at promoting economic growth and shared prosperity. A significant portion, ₦1.467 trillion, is allocated for critical infrastructure projects across various sectors.
Ayomide Alokun, a 27-year-old PhD holder, has ignited discussions on social media by protesting his unemployment in Abuja. His situation highlights the challenges faced by educated youth in Nigeria's job market.
In a ruling with significant implications for oil spill litigation in Nigeria, the Federal High Court sitting in Uyo has dismissed a ₦50 bn read more Landmark Pronouncement: Federal High Court dismisses ₦50 Billion Claim against ExxonMobil
Vietnam is increasing its crude oil imports from Nigeria and other countries due to reduced shipments from Singapore and China. This move comes in the context of the ongoing conflict in Iran.
South Africa's unemployment crisis worsened, with over 300,000 jobs lost in early 2026, raising the total jobless population to 8.1 million. This situation is exacerbated by increasing tensions related to xenophobia.
President Tinubu praised the $4.7 billion growth in trade between Nigeria and France, highlighting the strengthening economic relationship. This development was announced at the Africa Forward Summit.
NAPTIP rescued 15 people, including foreign nationals, from a suspected human trafficking syndicate in Nasarawa operating as an online marketing company.
Nigeria is projected to spend approximately $11.6 billion on debt servicing in 2026. President Tinubu emphasized the potential of the blue economy for Africa's development, which has been hindered by insecurity.
At the Trump Xi summit, the US will push to ‘open up’ China’s markets to American firms while also discussing the Iran war and arms sales to Taiwan.
China and the U.S. have commenced trade talks in South Korea, focusing on finalizing agreements from previous summits. This meeting is seen as a significant step towards improving bilateral trade relations.
India has increased duties on gold and silver to stabilize its declining rupee. Prime Minister Modi previously urged citizens to refrain from purchasing gold for a year amid economic challenges.
Nigeria has once again failed to meet its OPEC production quota, despite ongoing efforts to increase output. The government aims to boost production to 2 million barrels per day to enhance revenue and support the 2026 budget.
Asian stocks show mixed results as traders weigh the US-Iran impasse and major AI technology setbacks. Oil prices cool while markets eye the Trump-Xi summi
The development followed ongoing crisis in the Middle East that has pushed crude oil prices as high as $106 per barrel as of Wednesday. The post Nigerians Defy Escalating Petrol Prices As Consumption Rises By 10.8% To 52.4m appeared first on Channels Television.
The dollar to naira exchange rate at the parallel market fluctuated between ₦1,395 and ₦1,405 per dollar on May 13, 2026. This reflects ongoing challenges in Nigeria's currency valuation.
The price of Liquefied Petroleum Gas (LPG) is expected to rise to N1,500/kg due to dwindling depot stocks and increasing domestic demand. Only a few suppliers, including Dangote Refinery, Ardova, and Navgas, currently have supplies available.
Nigeria's petrol consumption rose by 10.8% to 52.4 million litres in April 2026, despite higher pump prices. This increase reflects a growing demand for fuel in the country.
Stakeholders in Nigeria's agriculture sector attribute the worsening food crisis to insecurity and poor policy implementation. They emphasize the need for improved infrastructure to address these challenges.
The Nigeria Revenue Service Academy will launch a digital learning platform to modernise staff training with a technology-driven, continuous learning model
Nigeria's net foreign exchange inflow increased by 11.4% year-on-year, reaching $66.23 billion in 2025. However, inflow through the Central Bank of Nigeria fell by 18%.