Live intelligence from 10+ verified Nigerian and UK sources
The CRMI has expressed worries about potential disruptions in the global oil market due to the UAE's exit from OPEC. This move could have significant implications for oil prices and supply stability worldwide.
Asian equities, including markets in Hong Kong and Sydney, have declined due to concerns over the stability of the US-Iran ceasefire. This situation has created a ripple effect, impacting investor confidence across the region.
Japan has received its first shipment of Russian oil since the Iran War, highlighting the ongoing global oil supply challenges. Prime Minister Sanae Takaichi discussed the significant impact on the Asia-Pacific region during talks with Australian Prime Minister Anthony Albanese.
Australia has raised its key interest rate due to rising global oil prices. This decision follows military actions in the Middle East that have impacted fuel costs.
The Nigerian Naira showed stability against the US Dollar on May 5, 2026. This trend was observed in both the official and parallel foreign exchange markets.
Nigeria has the potential to revive its palm oil industry by learning from Malaysia's success. The article discusses how Malaysia transformed its palm oil sector and the lessons Nigeria can adopt.
Nigeria's food markets are facing a public health emergency as hunger drives dangerous practices. This situation highlights the urgent need for effective interventions to ensure food safety and security.
The Nigerian Upstream Petroleum Regulatory Commission reports that 300 firms are competing for 50 oil blocks in the current licensing round, indicating strong investor confidence in Nigeria's energy sector. Local refineries are essential for achieving a target of 2 million barrels per day oil output.
NNPC has signed a Memorandum of Understanding with two Chinese firms to revive the Warri and Port Harcourt refineries. This partnership aims to enhance oil production and profitability in Nigeria's energy sector.
Nigeria's banking system liquidity has significantly increased after a recapitalisation exercise. However, the growth in lending to the private sector has not kept pace with this liquidity surge.
Alex Otti discusses the importance of prioritizing the population's experiences in economic development beyond just GDP growth. He emphasizes the need for thoughtful choices and trade-offs in governance.
Nigeria has been ranked 6th globally for outsourcing, thanks to its low labour costs and an expanding talent pool. This positions the country as a prime destination for outsourcing services.
Bauchi traders are advocating for improved trading spaces to support displaced members and enhance commercial activities. The association believes this will help sustain livelihoods in the community.
Nigerians face rising petrol costs and inflation despite increasing crude prices. The volatility in global oil markets is causing economic anxiety among citizens.
The Central Bank of Nigeria's recent reforms are enhancing the economy's resilience and boosting investor confidence. These measures are expected to improve growth prospects amid global economic challenges.
Nigeria's petrol price has decreased by 15.6% year-on-year as of February 2026. This decline reflects positive trends in the country's fuel pricing.
South Africa plans to increase fuel prices starting May 6 due to rising global crude oil prices and supply disruptions. This decision reflects ongoing challenges in the international petroleum market.
Nigeria faces significant fiscal challenges as it seeks to optimize revenue amidst volatile oil income and rising debt. The government's approach to digital revenue sources is crucial for economic stability.
NNPC has signed a deal with Chinese firms to revive two state-owned refineries. This move aims to enhance Nigeria's oil production capabilities after significant previous investments.
NNPC has partnered with two Chinese firms to restart the Warri and Port Harcourt refineries. This collaboration aims to enhance Nigeria's oil production capacity.
NNPC has signed a Memorandum of Understanding to restart and expand the Warri and Port Harcourt refineries. This agreement aims to identify potential technical equity partners for the project.
NNPC has signed a Memorandum of Understanding with Chinese firms to restart the Warri and Port Harcourt refineries. This initiative aims to boost Nigeria's oil production capacity.
Tunde Ayeni, the former Managing Director of Skye Bank, has been arraigned by the EFCC on charges of fraud involving ₦15.6 billion. The charges include criminal breach of trust and misappropriation of investors' funds.
NNPC has signed a Memorandum of Understanding with two Chinese firms to restart and expand the Warri and Port Harcourt refineries. This initiative aims to enhance Nigeria's refining capacity and boost the oil sector.
Investment in cold chain infrastructure in Nigeria could create up to 25,000 jobs, according to expert Opeoluwa Runsewe. This development is expected to significantly boost the agricultural value chain.
The global power industry faces challenges in Africa as it must adapt to the demands of the AI revolution. Without reinvention, the continent risks being left behind in electricity consumption and capacity development.
Nigeria's economy is experiencing significant changes due to fiscal reforms and exchange-rate adjustments. These shifts present opportunities for building sustainable wealth despite ongoing inflation challenges.
An executive order has increased NNPC's remittances to FAAC by 60%, enhancing national revenue. This comes as the company's profit after tax surged over 100% to N276 billion in March.
Nigeria's significant oil wealth is overshadowed by underlying structural issues, as highlighted by recent OPEC data. This situation raises concerns about the country's economic stability and growth potential.
The UAE's exit from OPEC, where it was the fourth-largest producer, impacts the cartel's oil price control. The UAE clarified that this decision is not aimed at any specific country.