Oil prices climbed on Wednesday as fighting in Yemen and reports of a claimed strike on a Saudi refinery renewed concerns about global crude supply, with implications for Nigeria’s oil revenue and fuel costs.
Oil Prices Rise as Yemen Fighting Revives Middle East Supply Fears Read Post »
The NGX’s market capitalisation rose to a record ₦164.91 trillion on Tuesday after equities gained ₦1.75 trillion, with Dangote Cement leading major advances and First HoldCo dominating trading activity.
NGX Market Capitalisation Hits Record ₦164.91tn as Stocks Rally Read Post »
Dangote Refinery’s ₦2.15 trillion public offer closed on October 27, attracting investor applications from 120 countries. The offer now moves to application verification and share allotment.
Dangote Refinery IPO Closes with Investors from 120 Countries Read Post »
Oil prices fell on October 26 after nearing six-month highs, as attacks in Saudi Arabia kept global supply concerns elevated. Here’s what it means for Nigeria.
Oil Prices Fall From Six-Month Highs as Supply Risks Persist Read Post »
Brent crude rose above $109 a barrel on 21 October amid Middle East supply concerns. Here is what higher oil prices could mean for Nigeria.
Oil Rises Above $109 as Middle East Supply Concerns Grow Read Post »
Brent crude settled at $109.86 a barrel on October 16 amid concerns over Middle Eastern supply disruptions and Russian oil products. For Nigeria, higher prices could boost export earnings while increasing pressure on energy costs and businesses.
Brent crude nears $110 as oil supply risks raise stakes for Nigeria Read Post »
The IMF has raised its 2026 growth forecast for Sub-Saharan Africa to 4.5%, but warns that rising inflation, high government borrowing costs, declining aid and climate risks could undermine the region’s economic resilience.
IMF Raises Africa’s 2026 Growth Forecast to 4.5%, Warns of Rising Risks Read Post »
The World Bank has raised Africa’s 2026 growth forecast to 4.3% and urged governments to invest in AI to boost productivity and create jobs.
World Bank raises Africa’s 2026 growth forecast to 4.3%, urges AI investment Read Post »
Nigeria has risen four places to eighth in Bloomberg Economics’ 2026 Africa investment-risk ranking, overtaking Kenya, Rwanda, Tanzania and Namibia.
Nigeria rises four places to eighth in Africa investment ranking Read Post »
Oil prices slipped below $100 as recovering Middle East crude exports eased supply concerns, while China’s fuel-export curbs kept refined-product markets tight.
Oil prices slip below $100 as Middle East supply recovers Read Post »
Oil prices hold near $98 a barrel as markets weigh recovering Middle East exports and uncertainty over US-Iran peace talks.
Oil prices steady near $98 as Middle East supply outlook shifts Read Post »
Uncertainty over the Strait of Hormuz is keeping oil markets under pressure as shipping traffic remains limited and reopening talks face setbacks.
Strait of Hormuz uncertainty keeps pressure on global energy markets Read Post »
The US and China agree on tariff relief covering $30bn of goods each way and launch a new AI dialogue as their trade truce is extended.
US-China tariff cuts and AI talks reshape global trade outlook Read Post »
Dangote refinery ended August with 630.9m litres of refined products as Nigeria’s petrol imports fell 26% and domestic supply increased.
Dangote refinery holds 630.9m litres as Nigeria’s petrol imports fall Read Post »
Nigeria’s public debt rose to ₦166.79tn by June 2026, with domestic debt accounting for 54.91% of the total, according to the DMO.
Nigeria’s public debt rises to ₦166.79tn as domestic debt grows Read Post »
