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SEC to strengthen borrowing regulatory framework in Nigeria

Government securities now account for 11% of Nigerian

  • 3rd February 2026
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FG launches free nationwide programme to boost financial

  • 3rd February 2026

NLC, TUC cancel protest, instruct FCTA workers to

  • 3rd February 2026

FG to share electricity subsidy burden with states,

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SEC to strengthen borrowing regulatory framework in Nigeria

Government securities now account for 11% of Nigerian banks’

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FG to provide free ICT training for youths - Youth minister

FG launches free nationwide programme to boost financial literacy 

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Over 180TCF of African Gas remains untapped – NUPRC

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Oil prices drop as Trump signals easing tensions with Iran

Oil prices fell on Monday as investors eased concerns over a potential supply disruption, following United States President Donald Trump’s remarks on Iran that suggested tensions with Washington might be softening. Trump has frequently warned Iran of possible action if it does not secure a nuclear deal or continues suppressing domestic protests, which Tehran attributes […]

MTN, Banking stocks fuel NGX's bullish run
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Fuel price hike looms as crude oil crosses $66/barrel

Pump prices of Premium Motor Spirit, also known as petrol, alongside other refined petroleum products such as Automotive Gas Oil and Household Kerosene, may rise soon following an increase in global crude oil prices. Crude oil, which serves as the primary feedstock for refined petroleum products, crossed the $66 per barrel mark on Wednesday, raising […]

Crude oil
featured Oil and Gas

Nigeria’s oil output drops to 1.486mbpd, below OPEC quota

The Organisation of Petroleum Exporting Countries has reported that Nigeria’s oil production, excluding condensate, experienced a 0.7 per cent drop, falling to 1.486 million barrels per day in November 2025 from the 1.496 million bpd produced in October 2025. OPEC does not count condensate in its figures, a resource of which Nigeria produces approximately 196,028 […]

Oil and Gas

FEC sets 2026 oil benchmark at $64, ₦1,512/$ exchange rate

The Federal Executive Council has given its approval to the 2026–2028 Medium-Term Expenditure Framework. This comprehensive document outlines Nigeria’s key economic assumptions, projected revenue outlook, and planned spending priorities for the upcoming three-year period. The Minister of Budget and National Planning, Atiku Bagudu, provided details to journalists following the council meeting on Wednesday, which was […]

OPEC+ lacks capacity to raise oil prices, says expert
featured Oil and Gas

OPEC+ supply increase plans crash oil prices globally

The global oil market is currently experiencing shock from an anticipated supply hike by the Organisation of Petroleum Exporting Countries, leading to oil prices edging lower on Thursday for the fourth consecutive day. Brent crude hit its lowest price since early June due to mounting concerns about oversupply in the market. Three sources familiar with […]

featured Oil and Gas

Nigeria’s crude oil output drops to six-month low

Global oil prices have rebounded sharply, with Brent crude climbing back above $70 per barrel due to geopolitical tensions and supply uncertainties in energy markets. For Nigeria, Africa’s top oil producer, this rally presents both opportunities and risks as the country seeks to stabilize its finances and attract investment into its energy sector. Russia’s decision […]

Business

Oil prices surge as Israel intensify strikes on Iran

Crude oil futures rose sharply on Thursday after Israeli Prime Minister Benjamin Netanyahu ordered intensified military strikes against Iran. As of 9:38 a.m., United States crude was up $1.36 (1.81%) at $76.50 per barrel, while Brent crude climbed $1.10 (1.43%) to $77.80. Prices have surged over 11% in the past week as Israel escalates attacks […]

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Oil prices surge by 13% after Israeli strikes on Iran

Crude futures spiked as much as 13 per cent Thursday evening after Israel launched airstrikes on Iran without United States backing, raising fears of supply disruptions in the oil-rich Middle East As of 07:17 a.m. London time, global benchmark Brent crude for August delivery had surged 7.05 per cent to $74.25 per barrel, while U.S. […]

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Oil prices fall by over $3

Oil prices fell by more than $3 a barrel on Monday following Israel’s retaliatory strikes against Iran over the weekend, which did not target Tehran’s oil and nuclear facilities and thus did not disrupt energy supplies. This development eased geopolitical tensions in the Middle East. Both Brent and U.S. West Texas Intermediate crude futures opened […]

Oil and Gas

Oil nears $80 mark amid Middle East tensions

Oil prices continued their upward trajectory on Monday, with Brent crude nearing the $80 mark as concerns over a potential escalation of conflict in the Middle East fueled fears of disruptions to exports from this critical oil-producing region. Brent crude futures had increased by $1.09, or 1.4%, reaching $79.14 a barrel by earlier today, according […]

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