ECONOMY

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...

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...