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Economy

Nigeria Oil Output Stays Below OPEC Quota as Revenue Risks Mount

Nigeria pumped 1.49 million barrels a day of crude in April, still below its OPEC quota of 1.50 million barrels a day for a ninth straight month, underscoring the...
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Nigeria Oil Output Stays Below OPEC Quota as Revenue Risks Mount

Bala Augie -
Nigeria pumped 1.49 million barrels a day of crude in April, still below its OPEC quota of 1.50 million...
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Tony Elumelu at Africa Forward Summit: “Our Youth Do Not Need Handouts”

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At the 2026 Africa Forward Summit, convened by Kenyan President H.E. William Ruto and French President H.E. Emmanuel Macron,...
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Trump Says US, Nigerian Forces Killed ISIS Figure in Africa

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President Donald Trump said US and Nigerian forces killed an ISIS leader hiding in Africa, saying the strike “greatly...
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Dangote Refinery Takes Government to Court Over Fuel Import Policy

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Dangote Group is challenging Nigeria’s fuel import policy in court, escalating a long-running dispute over who should supply Africa’s...
Economy

Nigeria Inflation Edges Higher to 15.69% in April as Food Prices Keep Pressure On

Bala Augie -
Nigeria’s headline inflation accelerated slightly in April 2026, rising to 15.69% year on year from 15.38% in March, as...
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Tony and Awele Elumelu Named TIME100 Philanthropy Honourees

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Tony O. Elumelu and Dr. Awele V. Elumelu have been named among TIME Magazine’s 2026 TIME100 Philanthropy honourees, in...
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Economy

Nigeria Oil Output Stays Below OPEC Quota as Revenue Risks Mount

Nigeria pumped 1.49 million barrels a day of crude in April, still below its OPEC quota of 1.50 million...
Economy

Nigeria Inflation Edges Higher to 15.69% in April as Food Prices Keep Pressure On

Bala Augie -
Nigeria’s headline inflation accelerated slightly in April 2026, rising to 15.69% year on year from 15.38% in March, as...
Economy

Tinubu Reforms Power Nigeria Stocks Past New Zealand as Bonds Crush EM Peers

Bala Augie -
Nigeria's stocks, bonds and naira are surging as investors embrace President Bola Tinubu's economic overhaul. Nigeria's NGX All-Share Index has...
Economy

Nigeria Finance Chief Oyedele Rules Out Subsidies, Price Controls in Paris Investor Pitch

Bala Augie -
Nigeria’s new Finance Minister Taiwo Oyedele pledged to maintain his predecessor’s market reforms, ruling out a return to fuel...
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Banks Park Record ₦24.13 Trillion with CBN as Real Sector Lending Stalls

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Nigeria’s largest banks packed a record ₦24.13 trillion in cash deposits with the Central Bank of Nigeria (CBN) by...
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CBN’s New BVN Rules Kick In, Ushering Tighter Fraud Controls From May 1

Bala Augie -
The Central Bank of Nigeria (CBN) rolls out stringent Bank Verification Number (BVN) guidelines effective May 1, 2026, aiming...

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