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OPEC+ Approves 547,000bpd Output Hike Amid Gulf Crisis

OPEC+ has agreed to raise oil output by 547,000 barrels per day in September 2026, as escalating conflict in the Gulf threatens to push crude prices higher.

FAAN Issues Travel Advisory Over Middle East Flight Disruptions

The Federal Airports Authority of Nigeria (FAAN) has announced flight cancellations and delays to Middle East destinations due to airspace closures.

Crude-Backed Loans of 2025 Oil Revenue Consumed N8.36trn

In 2025, approximately 14.66% of Nigeria’s total crude oil production was swallowed by the servicing of crude-backed loan facilities.

NGX Foreign Trades Plung by 75%

Foreign investor participation on the Nigerian Exchange (NGX) took a sharp dive in January 2026, plunging by 75.08% in just one month.

Nigeria Records N101.46trn Agric Turnover

Nigeria’s agricultural sector reached a massive turnover of N101.46tn in 2025, climbing from N96.46tn the previous year.

FG, AFC Seal $1.3bn Deal for Alumina Refinery, Others

The Federal Government and the Africa Finance Corporation (AFC) have signed a $1.3bn agreement to transform Nigeria’s mining landscape.