ECONOMY

OPEC+ has maintained its oil production targets for December, leaving major changes to its supply policy until next year as the group continues to deal with disruptions caused by the...

The African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organization (APPO) have formally established the Africa Energy Bank, a new institution designed to finance energy projects across the continent....

A viral video showing a collection of luxury vehicles has reignited debate over political spending and public accountability in Nigeria, as millions of citizens continue to struggle with rising living...

African economies have shown resilience in the face of energy market disruptions linked to the Iran war, but falling foreign aid could leave the continent more exposed to future economic...

The Federal Government, state governments and local government councils shared N2.428tn in October 2026, an increase of N90bn from the N2.338tn distributed in September, following a rebound in statutory revenue....

Global oil prices rose on Wednesday after two vessels were struck in the Strait of Hormuz, while Iranian officials said Tehran had introduced new tactics to target shipping in a...

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has warned that rising debt burdens and borrowing costs are undermining economic growth in developing countries, with estimates...

The Federal Government spent N7.7tn on debt interest payments between January and June 2026, exceeding its total revenue of N6.2tn by N1.5tn, according to the World Bank. The figures highlight...

Fitch Ratings has revised Nigeria’s economic outlook from stable to positive while retaining the country’s long-term credit rating at ‘B’, citing stronger foreign reserves, moderating inflation and progress in economic...

Nigeria has climbed four places to rank as the eighth most investable economy among 19 African countries assessed in Bloomberg Economics’ 2026 Investment Risk-O-Meter. The latest ranking places Nigeria ahead...