Report: Rising oil prices will improve current account balances of Nigeria, Ghana
A surge in global oil prices triggered by the escalating conflict involving the United States, Israel and Iran could bring…
Day: March 5, 2026
Oil Prices Surge Amid Middle East Tensions, Strait of Hormuz Supply at Risk
Oil prices surged sharply on Wednesday as escalating tensions in the Middle East disrupted global energy supplies, sending benchmarks to…
Oil Price Surges to $84 Per Barrel, Surpassing Nigeria’s 2026 Benchmark Amid Middle East Tensions
Crude oil prices soared on Thursday, reaching $84 per barrel, the highest level in 2026, well above Nigeria’s federal budget…
Nigerian Private Sector Credit Slides to N75.24 Trillion in January 2026 Amid Tight Lending Conditions
Nigerian banks’ lending to the private sector dipped to N75.24 trillion in January 2026, down from N75.83 trillion in December…
Nigeria to Launch National Single Window Digital Trade Platform on March 27
Nigeria is set to officially launch its National Single Window (NSW) digital trade platform on March 27, a move hailed…
AfDB Invests €6.5 Million in Saviu II to Boost Tech Startups in Francophone Africa
The African Development Bank Group (AfDB) has approved a €6.5 million investment in the Saviu II venture capital fund, aiming…
IMF Warns Middle East Conflict Could Trigger Global Economic Shock
The International Monetary Fund (IMF) has issued a stark warning that the ongoing conflict in the Middle East could have…
Google Reduces Play Store Commissions to 20% After Settling with Epic Games
Google is making significant changes to its Play Store policies after settling a long-standing legal dispute with Epic Games. The…
FG Sets Ambitious Goal: Manufacturing to Contribute 25% to Nigeria’s GDP by 2035
The federal government has unveiled a bold plan to significantly expand Nigeria’s manufacturing sector, targeting a contribution of 25 per…
CBN Strengthens Gold Reserves to $3.5bn as Senate Moves to Make Apex Bank Lead Fintech Regulation
The Central Bank of Nigeria (CBN) has increased its gold reserves to $3.5 billion by acquiring domestically sourced, London Bullion…
Nigeria’s $6 Billion Freight Market: Why Local Shipping Investors Are Missing Out
Despite Nigeria’s strategic 900-kilometre coastline and a market of over 200 million people, local shipping investors are largely absent from…
Nigeria’s Money Supply Falls to N123 Trillion as Bank Liquidity Tightens
Nigeria’s money supply (M²) experienced a slight decline in January 2026, falling 0.8 percent month-on-month to N123.4 trillion from N124.4…
MTN and Aradel Lead Nigerian Market Value as All-Share Index Edges Down 0.08%
The Nigerian All-Share Index (ASI) closed slightly lower on 4th March 2026, dipping 0.08% to 196,463.2 points, halting its steady…
CBN Treasury Bill Auction Sees N2.34 Trillion in Bids, One-Year Bill Leads Investor Demand
The Central Bank of Nigeria (CBN) recorded strong investor interest at its Treasury Bill Primary Market Auction held on March…
Cooking Gas Price Soars 40% to N1,400 per KG Amid Middle East Crisis
The price of cooking gas in Nigeria has surged sharply, jumping 40 percent to N1,400 per kilogram, following escalating tensions…
US-Iran Conflict Sparks UK Fuel Crisis While Nigeria Secures Supply with Dangote Refinery
Motorists across Britain are facing long queues and empty pumps as fears of an oil shortage escalate amid the ongoing…
European Markets Brace for Mixed Open Amid U.S.-Israel-Iran Conflict
European markets are set to open in mixed territory on Thursday, reflecting heightened investor caution amid ongoing geopolitical tensions in…
CBN Forex Reforms Boost Reserves and Stabilize Naira Amid Economic Recovery
Nigeria’s Central Bank (CBN) forex reforms have yielded significant results, with the country’s external reserves climbing to $50.45 billion and…
CBN Reforms Push Naira to First Annual Gain in 13 Years
Nigeria’s currency recorded a historic turnaround in 2025 as reforms by the Central Bank of Nigeria (CBN) helped the naira…