ECONOMY

The Nigerian naira has weakened further in the parallel market as the dollar-to-naira exchange rate hits a new high. Forex traders say rising demand for foreign currency, coupled…

Global oil prices have risen sharply following renewed tensions in the Middle East, with investors concerned about possible disruptions to crude supply routes. The increase…

The Vegetable/Edible Oil Producers Association of Nigeria (VEOPAN) has raised concerns over the continued influx of imported vegetable oil into Nigeria despite an existing…

The National Bureau of Statistics (NBS) says the average retail price of petrol rose to N1,532.93 per litre in April 2026, marking a significant increase from the previous month.…

Nigeria’s oil and gas sector has witnessed significant reforms under President Bola Tinubu’s administration, leading to increased investment inflows, stronger indigenous…

Sheep prices in Nigeria have surged to as high as ₦1.2 million ahead of Eid-al-Adha, with traders and buyers blaming insecurity, rising fuel costs, transport expenses, and broader…

Sheep prices across Nigeria have risen sharply ahead of Eid-al-Adha as insecurity, increased fuel prices, transport costs, and economic challenges continue to affect livestock…

A retired Customs officer, Seyi Adeyemo, has blamed Nigeria’s continued revenue losses at the Seme Border on restrictive trade policies that discourage formal trade while…

The Federal Government has called on ECOWAS member states to strengthen cross-border cooperation to combat terrorism, transnational crime and security threats while promoting…

BUA Cement Chairman Abdul Samad Rabiu says rising energy and transportation costs, alongside exchange rate pressures, are the major factors behind the sharp increase in cement…