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The Warri refinery should be managed by local contractors rather than foreign entities. Mohammed Abdullahi emphasizes the importance of indigenous involvement in the refinery's operations.
Mastercard and Letshego launch a new debit card in Mozambique to boost financial inclusion and transition the nation to a digital economy.
Nigeria’s crude oil export hit 485.44M barrels in 2025, 82% of total production. This report details the impact on local refineries and domestic supply.
The NDIC and Nigeria's judiciary are partnering to improve the resolution of disputes involving failed banks. This collaboration aims to enhance depositor protection and promote financial stability.
Universal Insurance Plc advances its N3.2bn Rights Issue to meet new capital requirements, aiming to strengthen operations and enhance its market share.
The Nigerian stock market has surpassed the N160 trillion mark, driven by strong demand for Dangote Cement and other stocks. This surge reflects growing investor confidence in the market.
The stalled 80-kilometre gas pipeline project from Sagamu to Ibadan is jeopardizing gas supply to businesses in the South-west. NIPCO Gas Limited's disruption of work raises concerns about the region's energy stability.
Nigeria's electricity generation crisis worsened in April 2026, with just 10 power plants producing 81% of the total electricity. The country has 28 power plants, highlighting significant inefficiencies in the grid system.
Nigeria's business environment continues to expand for the fourth month, driven by strong performance in agriculture and non-manufacturing sectors. However, the manufacturing sector is experiencing a contraction.
Trump announced plans to suspend the US gas tax in response to rising prices due to the Iran war. The suspension will remain until deemed appropriate.
Nigeria's stock market has achieved a significant milestone, surpassing a valuation of N160 trillion. This growth is attributed to broad-based gains across various sectors.
The International Finance Corporation and Standard Chartered have introduced a $300 million risk-sharing facility to enhance supply chain finance for African businesses. This initiative aims to bolster economic growth and support local enterprises across the continent.
The Nigerian equities market saw significant gains as the All-Share Index surpassed 250,000 points, resulting in a N3.17 trillion increase. This bullish trend reflects growing investor confidence in the market.
Responding to a reporter's question at the White House, Trump said he would be taking the step, with the suspension to remain in place "till it's appropriate." The post Trump to suspend US gas tax as Iran war raises prices appeared first on Vanguard News.
The Nigerian Economic Summit Group has cautioned that Nigeria's debt crisis continues despite some signs of fiscal stability. They emphasize the need for ongoing vigilance and strategic management of the economy.
The Central Bank of Nigeria has cautioned non-interest banks about governance and compliance risks that could undermine public confidence and financial sta
As Eid-el-Kabir nears, ram prices in Kaduna have soared, making them unaffordable for many residents due to high transport costs and insecurity.
Nigeria's recent tax reforms have introduced 12 new terms that are reshaping discussions on business and compliance. These changes aim to enhance government revenue and improve the tax system.
The transition to Compressed Natural Gas (CNG) in Nigeria is facing delays despite increasing transport costs. Motorists are looking for cheaper alternatives due to the rising prices of fuel.
The world’s largest energy shock, triggered by the Hormuz blockade, could impact markets into 2027, says Saudi Aramco’s CEO. Learn about the supply loss.
The article argues for Nigeria to adopt a hybrid pension model to enhance the current Contributory Pension Scheme. It highlights the potential benefits of such a shift for the country's pension system.
Ghana's sovereign credit rating has been upgraded by Fitch Ratings due to improved fiscal management and stronger foreign reserves. This marks the highest rating for the country in five years.
China's tariff-free market access for Africa may not solve all issues without a unified approach from African nations. The analysis highlights the need for collective action to maximize benefits from this offer.
African leaders are advocating for a reevaluation of risk pricing and increased investment during the France/Africa Summit. French President Macron aims to enhance financial access for Africa.
French President Macron emphasized the importance of investment in Africa to foster sovereignty and economic growth. He advocates for shifting from aid to creating economic opportunities for the continent.
Trump's repudiation of Iran's response to his latest peace proposal raised the likelihood of further violence and disruptions to oil supplies through the Strait of Hormuz. The post Oil prices rise as Trump rejects Iran’s terms appeared first on Vanguard News.
The Central Bank of Nigeria (CBN) is urging states to minimize their dependence on overdrafts to enhance fiscal discipline. This move is seen as essential for effective inflation management and economic stability.
Ibrahim Oyewale in Lokoja Kogi State Commissioner for Finance, Budget and planning, Asiwaju Ashiru, has felicitated the Commissioner for Finance, Ebonyi State, Professor Leonard Uguru, on his golden jubilee birthday. This was contained in
The Norwegian Sovereign Wealth Fund is considering a partnership with Dangote Group to invest in Africa. This collaboration could significantly boost economic growth and infrastructure development across the continent.
Oil prices increased by $4 following President Trump's rejection of Iran's response to a U.S. peace proposal. This development reflects ongoing tensions in the Middle East affecting global oil markets.