ECONOMY

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...

The United States has imposed a fresh round of import tariffs on goods from 60 trading partners, introducing new duties of between 10 and 12.5 per cent on products entering...

Nigeria has lost an estimated $5.5 billion (about ₦8.7 trillion) worth of natural gas to routine gas flaring over the past five years, highlighting the country's continued struggle to harness...

The Central Bank of Nigeria (CBN) has maintained its benchmark Monetary Policy Rate (MPR) at 26.5 per cent, opting for caution as renewed conflict in the Middle East and lingering...

Deposit Money Banks (DMBs) reduced lending to several major sectors of the Nigerian economy by N5.45 trillion in 2025, reflecting a broad adjustment in credit portfolios following regulatory changes by...

The International Monetary Fund (IMF) has cautioned that rising prices of essential goods and services could push more Nigerians into poverty and worsen food insecurity, even as recent economic reforms...

The Federal Government has dismissed reports suggesting it spent more than ₦8 trillion outside the 2026 Appropriation Act, insisting that the claims misrepresent the findings of the International Monetary Fund...

Global oil prices remained largely stable on Friday as investors weighed ongoing diplomatic efforts between the United States and Iran, with cautious optimism over easing tensions helping to calm fears...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced plans to issue and closely monitor import permits to bridge an estimated 165,000-metric-tonne Liquefied Petroleum Gas (LPG) supply shortfall...

The International Monetary Fund (IMF) has urged Sub-Saharan African countries to urgently strengthen their domestic economies and institutions as international development assistance continues to decline, warning that the region can...