Domestic Airlines May Cut Fares as Dangote Refinery Slashes Jet A1 to ₦1,650/Litre
There strong indications that domestic airlines may slash the cost of local flights by next week, following the confirmation that marketers have commenced loading of aviation fuel,...
Nigeria’s Trade Surplus Jumps 220% to $480m
Nigeria recorded a $480 million trade surplus in January 2026, driven by a 4.46 percent increase in export receipts to a record $4.68 billion, largely fueled by petroleum products.
This represents a 220 percent...
CBN Allots N829.3bn T-Bills on Strong N2trn Subscription
The Central Bank of Nigeria (CBN) allotted a total of N829.32 billion at its Treasury Bills Primary Market Auction held on May 20, 2026, as investor demand remained heavily skewed toward long-dated...
Import Licence Dispute Pits Dangote Refinery Against Marketers
Dangote Refinery and fuel marketers have resumed fresh hostilities over the new import licenses the Federal Government recently granted the former to ship petroleum products outside the shores of the country.
Economic Confidential...
Why Foreign Reserves Are Keeping Africa Poor — And What To Do Instead , by Ejike E. Okpa
A successful nation does not need a foreign reserve. It needs formidable local capital formation. That’s the difference between a country that...
Crude Falls to $105 as US-Iran Negotiations Advance
The price of Brent crude dropped to $105 per barrel on Wednesday amid ongoing peace talks aimed at de-escalating tensions in the Middle East.
According to data from Oilprice.com, Brent fell by $6,...
