Nigeria Earns N41.7trn from Crude Oil in Six Months   Nigeria produced an estimated 295.18 million barrels of crude oil and condensate valued at about $28.08bn (approximately N41.74tn) in the first six months of 2026, reflecting a modest recovery from the second half of last year...

CBN Launches Centralised System to Monitor BDC Transactions   The Central Bank of Nigeria (CBN) has introduced a comprehensive real-time monitoring framework for Bureau De Change operators, unveiling a centralised transaction-tracking platform aimed at strengthening oversight, improving transparency, and enhancing compliance across Nigeria’s foreign exchange market. A...

Crude Shortage Stalling Nigerian Refineries – MAN   The inability of local refineries to secure enough Nigerian crude oil is threatening the country’s push for energy security and lower fuel costs, and setting off warning bells from manufacturers and business leaders. The Manufacturers Association of Nigeria (MAN)...

Equities Market Loses N32bn as Selloffs End Rally   The Nigerian equities market closed lower on Thursday as mid-session selloffs wiped N32bn off investors’ investments, breaking a recent spell of positive momentum on the trading floor. The All-Share Index shed 221.14 points, representing a decline of 0.09...

Higher Petrol Prices Squeeze Fuel Importers’ Margins   Nigerian fuel importers are facing renewed pressure as rising international petrol prices and higher freight costs increase the cost of bringing products into the country, while the Dangote Petroleum Refinery’s pricing continues to limit import opportunities, according to...

'CBN May Hike Rates as Election Spending Rise'   The Central Bank of Nigeria (CBN) is highly likely to raise its benchmark interest rate, the Monetary Policy Rate, during the second half of 2026 as liquidity pressures build ahead of the 2027 general elections. This warning was...