Investors gain N3.7trn ahead of Nigeria’s climb to frontier status
The Nigerian stock market closed last week on a positive note, as investors on the Nigerian Exchange Limited, NGX, gained N3.73 trillion.Now that Nigerian universities, polytechnics and colleges of education will face national!-->!-->!-->!-->!-->…
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Iran War forces a rewrite of global oil trade routes
Oil prices are about to book yet another weekly gain as the war in the Middle East remains hot, with a pessimistic outlook.Oil exporters from the region are rushing to diversify their export channels, and importers are rushing to!-->!-->!-->!-->!-->…
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Vessel Traffic Hits 1,201 As Vehicle Imports Grow By 18.3% In Q2
Nigeria’s seaports recorded a significant increase in activity in the second quarter of 2026, with ocean-going vessel traffic rising by 14.4 per cent to 1,201, while vehicle imports jumped 18.3 per cent to 44,147 units.The latest!-->!-->!-->!-->!-->…
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States Get Richer, Nigerians Get Poorer As Revenue Soars To N15.5trn
Nigeria’s states have never had it this good financially. But for millions of Nigerians, the story is markedly different.As state revenues surged to an unprecedented N15.53 trillion in 2025, more citizens were battling rising food!-->!-->!-->!-->!-->…
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Banks offload N4.4trn surplus liquidity into CBN’s SDF
Nigerian banks have placed about N4.4 trillion of surplus funds with the Central Bank of Nigeria (CBN) through its Standing Deposit Facility (SDF), as lenders seek safe returns on excess cash amid high money-market rates and the apex!-->!-->!-->…
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CNG: Long queues, scarce stations drive motorists back to petrol
The federal government’s beautiful promise of cheaper motoring is turning into a costly and traumatising wait for motorists who switched to Compressed Natural Gas (CNG).Drivers are lamenting being stuck in long queues due to!-->!-->!-->!-->!-->…
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NMDPRA blames logistics costs, single-source refining for petrol price volatility
A file photo of petrol pumpNigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has attributed the recent volatility in petrol prices to rising logistics costs, crude oil sourcing challenges and reliance on!-->!-->!-->…
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IMF Raises Fresh Alarm Over Nigeria’s Debt And Funding Crisis
Headquarters building of the International Monetary Fund (IMF) located in Washington, D.C.Nigeria and other developing economies may face tougher financial conditions as the International Monetary Fund (IMF) warns that rising!-->!-->!-->…
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PEWI @75: REFLECTIONS ON NIGERIA’S PETROLEUM INDUSTRY, VALUE CREATION AND THE UNFINISHED ECONOMIC…
Wumi Iledare, PhD, FNAEE, SrFUSAEE, FEIN, Professor Emeritus of Petroleum Economics, LSU Energy Institute, Principal Facilitator, FUPRE Energy Business School, and Executive Director, Emmanuel Egbogah Foundation1.0 YESTERDAY — THE!-->!-->!-->…
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Outcry as fake products flood Nigerian markets
There is growing concern among Nigerians over the proliferation of counterfeit and substandard products in markets across the country, with consumers raising questions about the effectiveness of regulatory agencies in curbing the!-->!-->!-->…
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