Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as the Dangote Petroleum Refinery struggled with inadequate domestic feedstock supply.
The Central Bank of Nigeria (CBN) says its reforms have cushioned the impact of global economic shocks, preventing Nigerians from experiencing more severe hardship
The Federal Ministry of Finance has dismissed allegations of hidden spending and diversion of federation revenue, describing recent media reports interpreting the latest Nigeria Development Update by the World Bank as misleading and inaccurate.
The Federal Competition and Consumer Protection Commission (FCCPC) has dismissed widespread claims that it banned airtime borrowing and data advance services in Nigeria.
The Central Bank of Nigeria (CBN), in partnership with the Financial Markets Dealers Association (FMDA), has unveiled the Nigerian Overnight Financing Rate (NOFR) as the country’s new money market benchmark.
Tensions in the Middle East escalated on Saturday as Iran announced the closure of the Strait of Hormuz, accusing the United States of violating prior agreements amid a continuing naval blockade.
