Crude Oil Prices Surge Toward $100 Amid Iran Tensions
Global crude oil prices surged once again, approaching the $100-per-barrel mark during Asian trading on March 12, 2026, with Brent…
Day: March 12, 2026
Nigeria’s Crude Oil Production Drops to 1.31 Million BPD, Falling Short of OPEC Quota
Nigeria’s crude oil production fell sharply to 1.31 million barrels per day (bpd) in February 2026, according to the latest…
Ford Pro Launches AI Assistant to Track Seatbelt Use and Fleet Efficiency
Ford has unveiled a new AI-powered assistant designed to help fleet owners monitor and manage their vehicles more effectively. The…
FG to Connect All Nigerian Schools to Reliable Internet to Boost Digital Learning
The Federal Government has unveiled a major initiative to connect all schools across Nigeria to reliable internet, aiming to strengthen…
TeKnowledge and Microsoft Partner to Upskill 10,000 Nigerians in AI
Nigeria’s national workforce is set to receive a significant upgrade as TeKnowledge joins forces with Microsoft to expand artificial intelligence…
Dangote Dominates N14.4tn Petrol Market: Experts Warn of Monopoly Risks in Nigeria
Nigeria’s energy sector is facing a major shake-up as Dangote Petroleum Refinery now supplies over 90% of the nation’s petrol,…
Wale Edun Assures Nigerians of Stable Food Prices Amid Global Economic Uncertainty
Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, has reassured citizens that the federal government is committed…
Strategic Market System to Transform Nigeria’s Agricultural Value Chain – FG
The Federal Government has announced that a strategic market system will revolutionize Nigeria’s agricultural sector by transforming subsistence farming into…
Investor Appetite Soars as Nigeria’s February Bond Auction Records 92% Bid-to-Cover Ratio
Nigeria’s February bond auction drew robust investor interest, as the Debt Management Office (DMO) issued N800 billion in Federal Government…
SEC engages over 500 firms in radical push for investor protection
Nigeria’s Securities and Exchange Commission (SEC) has intensified efforts to protect investors while fostering innovation by engaging more than 500…
NERC Orders Private Substations to Secure Permits Within 45 Days to Strengthen Nigeria’s Grid
The Nigerian Electricity Regulatory Commission (NERC) has ordered all owners of private transmission substations connected to the national grid to…
Net Foreign Exchange Inflow into Nigeria Drops 18% to $61.3 Billion in 11 Months
Nigeria’s net foreign exchange (forex) inflow fell sharply by 18.3 percent year-on-year to $61.29 billion in the eleven months ending…
Nigeria’s Food Import Bill Hits N7.65 Trillion in 2025 Amid Rising Domestic Demand
Nigeria’s spending on imported food and beverages surged to N7.65 trillion in 2025, signaling the country’s growing dependence on foreign…
Nigeria Launches N10 Billion Fund to Boost Greenfield Sugar Projects
The National Sugar Development Council (NSDC) and the Bank of Industry (BOI) have teamed up to establish a N10 billion…
Kenya and Rwanda Central Banks Partner to Simplify Cross-Border Payments
The Central Bank of Kenya (CBK) and the National Bank of Rwanda (NBR) have signed a groundbreaking Memorandum of Understanding…
China, US Lead Nigeria’s N17.25 Trillion Import Market in Q4 2025
Nigeria’s import market remained heavily concentrated in the fourth quarter of 2025, with a small group of countries supplying the…
European Stocks Slide as Oil Prices Surge Despite Record IEA Reserve Release
European stocks fell further on Thursday as investors grappled with soaring oil prices and ongoing tensions in Iran. The pan-European…
NGX Loses N107bn as Profit-Taking Deepens Bearish Sentiment in Nigerian Stock Market
Trading activities on the Nigerian Exchange Limited closed on a slightly negative note on Wednesday as investors continued to take…
Iran Threatens Strait of Hormuz Oil Shipments as $200 Per Barrel Price Warning Sparks Global Energy Fears
Tensions in the Middle East have intensified after Iran warned it could block oil shipments passing through the strategically important…
Nigeria Spent $5.2bn Servicing External Debt in 2025 – CBN Data Reveals Rising Financial Pressure
Nigeria spent about $5.21bn servicing external debt in 2025, according to data released by the Central Bank of Nigeria. The…
Seplat Energy to Drill 17 Wells in 2026, Targets 155,000 Barrels Daily Output
Seplat Energy Plc has unveiled an ambitious plan to drill 17 new wells in 2026 as part of efforts to…