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Business & Economy
CBN, FRACE Move To Strengthen Non-Interest Banking Amid Emerging Risks
The Central Bank of Nigeria has begun efforts to improve governance standards and regulatory oversight of Nigeria’s non-interest financial sector with concerns over compliance risks;…
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Oil Prices Rise As Trump Rejects Iran’s Peace Terms
Oil prices edged higher in Asian trade on Monday after U.S. President Donald Trump rejected Iran's conditions for ending the war in the Middle East, sparking fresh fears of prolonged…
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Lagos Ports Receive 12 Vessels Carrying Fuel, Food Cargoes
The country's main seaports in Lagos have received no fewer than 12 ships carrying fuel, crude oil, fertilizer, and other necessities, indicating higher import activity and better cargo…
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Fuel Price in Nigeria Faces Pressure As Global Crude Oil Prices Rise
The cost of refined petroleum products in international markets has been pushed up by a sharp rise in global crude oil prices and this could put renewed pressure on petrol prices in…
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Nigeria, Others Face Revenue Crunch As Foreign Aid Shrinks – IMF
Nigeria and other developing nations are facing an increasing financial crisis as revenue from the production of natural resources decreases and help from wealthier countries wanes.…
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Nigeria’s GDP Outpaces Population Growth, Signals Early Poverty Reduction – Quartus Economics
43Nigeria’s economy is showing early signs of a turnaround, with output now growing faster than population growth – a development that could herald the beginning of sustained poverty…
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US–Iran War Costs Hit $25 Billion as Oil Prices Surge to $119
The cost of the United States’ ongoing military campaign against Iran has reached an estimated $25 billion, highlighting the scale of the escalating conflict between the two countries.…
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CBN’s Proposed N1,500 ATM Card Fee Triggers Nationwide Reactions
The Central Bank of Nigeria wants to raise the fee for issuing Automated Teller Machine cards from N1000 to N1500. This has caused a lot of problems for both economists and bank…
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IEA Warns Nations Will Suffer After Collapse of US–Iran Peace Talks
Fatih Birol, the head of the International Energy Agency (IEA), has said that if the conflict in the Middle East and the closure of the Strait of Hormuz continue, countries will suffer.…
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IMF/World Bank Meetings, Inflation Data Top Key Business Events This Week
The International Monetary Fund (IMF) and World Bank spring meetings 2026 will take place in Washington, D.C., United States, from April 13 to April 18.
The yearly meeting brings…
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