The United States spent $578.78m on Nigerian crude oil imports in the first quarter of 2026, down from $681.40m in the same period of 2025, according to data from the U.S. Census Bureau and Bureau of Economic Analysis.
'Nigeria Could Reject World Bank Loans Due to Delays'
The Accountant-General of the Federation, Dr Shamseldeen Ogunjimi, has warned that Nigeria may reject loan facilities from the World Bank if delays in approval and disbursement persist, saying prolonged timelines could undermine the country’s willingness to...
FG Begins Power Debt Repayment - Transcorp CEO
The President/Group Chief Executive Officer of Transnational Corporation Plc, Owen Omogiafo, has said the Federal Government has commenced repayment of longstanding debts owed to power generation companies, describing the move as the most significant progress yet in...
Capital Market Inflows Projected at N10.53trn for May
The Financial Markets Dealers Association (FMDA) has projected that Nigeria’s financial system is expected to record N10.53 trillion in inflows in May 2026.
In its April monthly report, the association said the projected inflow represents a 16 percent...
Iran Slashes Oil Output as Storage Hits Capacity Limit
The United States and Iran are edging towards a temporary agreement to halt their war as Tehran grapples with an escalating oil storage crisis caused by stalled crude exports and falling production.
Sources and officials told Reuters...
FG Grants Licences for 720,000MT Petrol Import
The Federal Government, through its Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licences to six marketers for the importation of 720,000 metric tonnes of Premium Motor Spirit (petrol).
The marketers are NIPCO, AA Rano, Matrix, Shafa,...
