Petrol Price Chaos: Nigerians Face Fresh Burden
By Gideon Osaka
In May 2023 when the multibillion-dollar Dangote Refinery was officially commissioned, it was hailed as a national pride and a monumental achievement for Nigeria’s petroleum sector. The 650,000 barrels per day (bpd)…
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Africa’s Infrastructure Deficit Continues to Limit Economic Growth
Africa’s persistent infrastructure deficit continues to constrain economic growth, limit industrial expansion and weaken the continent’s ability to create jobs for its rapidly growing population despite increasing global interest in…
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Nigeria’s export growth continues, but manufacturing remains marginal
Key points
Nigeria’s total export value rose to N85.13 trillion in 2025, according to the National Bureau of Statistics (NBS).
Manufactured exports contributed only 2.94 per cent of total exports, continuing a four-year…
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Analysts Warn CBN Rate Hikes Risk Choking Investment, Productivity Growth
Analysts warned that with inflation risks still tilted upward due to high energy prices and supply disruptions, further Central Bank of Nigeria tightening could slow private sector expansion and weigh on investment and productivity…
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NNPC Hands Over MRI Machine To Nnewi Hospital
...Strengthens National Healthcare
By Saidu Abubakar
The Nigerian National Petroleum Company NNPC Foundation, the Corporate Social Responsibility (CSR) arm of NNPC Ltd., has commissioned and handed over a fully installed 1.5…
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Reforms, FX Gains: S&P Raises Nigeria’s Credit Rating First Time In 14 Years
Citing President Bola Tinubu’s economic reforms, improved foreign exchange liquidity, stronger fiscal revenues, and rising external reserves, global ratings agency S&P Global Ratings has upgraded Nigeria’s long-term foreign and…
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NCDMB Hosts 2026 Midstream, Downstream Stakeholders Summit
The Nigerian Content Development and Monitoring Board (NCDMB) is set to host the 2026 Oil & Gas Midstream & Downstream Stakeholders Summit. The event is scheduled to hold from May 19–20, 2026, at Four Points by…
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Nigeria’s Inflation Rises To 15.69% In April
Nigeria’s headline inflation rate climbed to 15.69 per cent in April 2026
Nigeria’s headline inflation rate climbed to 15.69 per cent in April 2026. The latest figures were released on Friday by the National Bureau of Statistics in its…
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The Worst Currencies in the World
A currency's exchange rate to the US dollar does not measure how stable or healthy it is. The Japanese yen trades around 150 to the dollar and remains one of the world's reserve currencies. The currencies on this list are different.…
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Nigeria must apply political economics to protect national interest
For too long, Nigeria has acted as if economic decisions happen in a vacuum, driven only by markets and private calculus. That view is outdated. Every major investment, listing, and cross-border deal sits at the intersection of…
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Nigeria Inflation Rises Slightly to 15.69% in April 2026, NBS Says
Nigeria’s inflation rate rose slightly to 15.69% in April 2026, up from 15.38% in March, according to the National Bureau of Statistics (NBS).
The NBS said in its Consumer Price Index report released Friday that the increase…
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