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 month-on-month (MoM) increase in trade...

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 government securities. Auction results showed that...

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 also reports that the largest...

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, down from $111 on Tuesday,...

Nigeria's Non-Oil Export at Risk as Logistics Cost Rise   Nigeria’s non-oil export sector is facing mounting pressure from rising logistics and energy costs despite growing global demand and increasing export value, a new industry report has revealed. The report, unveiled on Wednesday during a virtual event...

Oil Exports Lift Nigeria-UK Trade to £7.6bn   Nigeria’s crude oil exports played a significant role in raising total trade between Nigeria and the United Kingdom to £7.6bn in 2025, according to the new trade and investment figures released by the UK Department for Business and...