Nigeria’s reform success hinges on living standard
Nigeria’s economic reforms may be showing signs of progress, but experts and policymakers say the real test is whether ordinary…
Year: 2026
Brent tops $88 as US, Iran near possible deal
Brent crude oil climbed above $88 per barrel on Tuesday as fresh diplomatic signals raised hopes that the United States…
NCC Raises Alarm as Over 5,000 Fibre Cuts Disrupt Nigeria’s Digital Economy
The Nigerian Communications Commission (NCC) has raised concerns over the growing damage to Nigeria’s telecommunications infrastructure, revealing that more than…
Russia Turns to Indian Fuel as Refinery Crisis Deepens
Russia has turned to India for gasoline as pressure on its domestic fuel supply intensifies, highlighting the growing impact of…
Nigeria Can Turn Global Trade Tensions Into Economic Growth, Afreximbank Says
Nigeria and other African economies could turn rising global trade tensions and supply chain disruptions into an opportunity for stronger…
Nigerian Stock Market Loses N1.17tn as Bearish Trading Returns
The Nigerian stock market came under renewed selling pressure on Tuesday as investors offloaded major stocks, wiping N1.17tn from the…
Nigerians Feel the Squeeze as VAT Adds to Rising Cost of Living
Nigerians are increasingly feeling the pressure of Value Added Tax (VAT) as rising prices and a persistent cost-of-living crisis continue…
West Africa Seeks New Fuel Pricing System to Reduce Foreign Market Influence
West Africa may be moving closer to a major shift in how petroleum products are priced, as the Nigerian Midstream…
Nigeria Rewrites Deepwater Rules, Targets $50bn Fresh Oil Investment
Nigeria is making a major push to revive its deepwater oil industry, introducing a new rules-based incentive framework designed to…
Nigeria, West Africa Push for Unified Energy Market to Shield Region From Global Price Shocks
Nigeria and other West African countries are stepping up efforts to create a more integrated regional energy market, with regulators…
FG Pushes for West African Fuel Price Benchmark as Europe’s Crises Drive Market Concerns
The Federal Government has called for a West African fuel price benchmark that reflects the region’s own market realities, arguing…
Kenya Approves First Local Banking ETF as KSh 1.64 Trillion Sector Draws Investors
Kenya is opening a new door for investors looking to tap into its booming banking industry, after the Capital Markets…
Nigeria’s Oil and Gas Sector Gets Fresh Boost as Stakeholders See Brighter Future
Nigeria’s oil and gas sector may be entering a new chapter as regulators, industry operators and investors point to recent…
53.7 Million Barrels of Crude Oil Supplied to Nigerian Refineries in Q2 2026
Nigeria’s domestic refining sector received a major boost in the second quarter of 2026, as 53.7 million barrels of crude…
China’s ‘Teapot’ Refineries Set to Boost Iranian Oil Purchases as Stockpiles Fall
China’s independent oil refiners, widely known as “teapots,” could be preparing to make a major return to the Iranian crude…
Nigeria’s Domestic Debt Service Jumps 20% to N3.14tn as Interest Costs Surge
Nigeria’s domestic debt burden is getting more expensive, with debt service rising by 20.3 percent to N3.14 trillion in the…
Nigeria Targets Full Local Crude Refining by 2030 as Dangote Refinery Expands
Nigeria is moving toward a major shift in its oil industry, with plans to refine all of its crude oil…
Nigeria’s Internet Boom Hits ₦6.6tn as Data Consumption Soars
Nigeria’s growing appetite for the internet has reached a staggering level, with data consumption estimated at ₦6.6tn over the 12…
CardinalStone, Finmal Finance and Lambeth Capital Lead NGX Trading Rankings
The Nigerian Exchange Limited (NGX) recorded another week of concentrated trading activity as CardinalStone Securities Limited, Finmal Finance Company Limited…
OpenAI Launches GPT-5.6-Cyber as AI-Powered Cyberattacks Surge
Artificial intelligence is rapidly changing the cybersecurity battlefield, and OpenAI is responding with a new model designed to help defenders…
Nigeria Pushes for Local Ownership as Fintech Giants Eye Foreign Listings
Nigeria is looking to give local investors a bigger slice of the country’s booming fintech industry as major players such…
FX Reforms Begin to Stabilise Nigeria’s Economy, Says NRS Chairman
Nigeria’s foreign exchange reforms are beginning to reshape the country’s economy, with the Chairman of the Nigeria Revenue Service, Zacch…
SEC Launches Nationwide Campaign to Help Nigerians Recover Unclaimed Dividends, Inherited Investments
The Securities and Exchange Commission (SEC) has launched a nationwide awareness campaign to help Nigerians recover unclaimed dividends and investments…
Tinubu unveils plan to double Nigeria’s $32bn livestock economy, promotes ranching, dairy investment
President Bola Tinubu has unveiled an ambitious plan to more than double Nigeria’s livestock economy from an estimated $32 billion…
Nigeria’s Consumer Credit Slumps by ₦939bn as High Rates Squeeze Households
Nigeria’s consumer credit market has suffered a major ₦939 billion decline, highlighting growing pressure on household spending and raising fresh…
Oil Prices Surge as Hopes for Strait of Hormuz Deal Fade
Oil prices extended their sharp rally on Tuesday as hopes of a quick resolution to the crisis around the Strait…
Recapitalisation Row: FG Orders NAICOM to Suspend Disputed Insurance Fees
The Federal Government has stepped into a growing dispute between the National Insurance Commission (NAICOM) and two state-owned insurance companies…
Dangote Refinery Challenges NUPRC Over 15.5m Barrels of Crude Oil
A fresh dispute has emerged between the Dangote Petroleum Refinery and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) over crude…
Nairobi Satellite Town Land Outperforms Stocks and Bonds in 18-Year Investment Race
Land in Nairobi’s satellite towns has emerged as one of Kenya’s strongest long-term investment performers, turning a KSh 1 million…
Tanzania Opens Government Bond Market to Global Investors
Tanzania has opened its domestic government securities market to investors around the world, marking a major shift in its approach…