ECONOMY

Nigeria is set to regain access to a major pool of international fixed-income capital after J.P. Morgan announced the inclusion of Federal Government of Nigeria bonds in its newly launched...

Petrol prices have increased at several filling stations in Abuja following an upward adjustment in the wholesale price of Premium Motor Spirit by the Dangote Petroleum Refinery. The refinery raised...

Dangote Petroleum Refinery has purchased at least 16 million barrels of Nigerian crude for delivery in October, according to industry sources, as Africa's largest refinery continues to increase processing and...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority has identified reliance on limited domestic refining options, international crude procurement dynamics, and rising logistical expenses as the primary drivers behind ongoing...

World food prices surged in August to their highest level since late 2022, driven by severe weather conditions and escalating military conflict in the Black Sea region that have intensified...

Twelve state governors whose terms are due to end in 2027 and early 2028 are expected to leave office with their states carrying a combined debt burden of about N5.3tn....

Uber is set to discontinue its ride-hailing services in Nigeria, bringing its operations in the country to an end from Wednesday, September 2, 2026. The company informed drivers of the...

Nigeria’s formal remittance inflows rose to a record $947 million in July 2026, bringing the country within reach of the Central Bank of Nigeria’s $1 billion monthly target. The July...

The Debt Management Office (DMO) has announced the commencement of subscriptions for the August 2026 Federal Government of Nigeria (FGN) Savings Bonds, offering investors annual interest rates of up to...

Growing tensions in the Middle East are beginning to unsettle global financial markets, with rising crude oil prices and increasing government bond yields prompting concerns that the strong rally in...