Nigeria’s economy recorded its eleventh consecutive month of expansion in October 2025, according to the Central Bank of Nigeria (CBN) Purchasing Managers’ Index (PMI), which rose to 55.4 points from 54.0 points in September. The CBN report highlighted growth across the industry, services, and agriculture sectors. The industry sector PMI reached 54.2 points, with 9 …
Oil prices dropped on Thursday, extending losses from the previous session, as rising U.S. crude inventories and a shift in OPEC’s supply outlook raised concerns about global oversupply. Brent crude fell 20 cents to $62.51 a barrel, while U.S. West Texas Intermediate dropped 24 cents to $58.25 a barrel. U.S. crude stockpiles rose by 1.3 …
President Donald Trump on Wednesday signed a bill ending the longest government shutdown in U.S. history, just hours after the House of Representatives voted to restore food assistance, pay hundreds of thousands of federal workers, and revive the air-traffic control system. The Republican-controlled House passed the funding package 222–209, with Trump’s backing helping to unify …
Nigeria's oil and gas revenue in 2024 fell significantly short of its budget target, showing a decline of 24.7 per cent against projected figures. The gross oil revenue for 2024 before deductions was $15.07 trillion against the $19.99 trillion budget target (a N4.93 trillion shortfall). This is according to data from the latest Budget Implementation Report …
U.S. stock index futures climbed on Monday amid signs of progress in Washington to end the record-long government shutdown that has stalled economic data releases and raised concerns about the economy. On Sunday, senators advanced a House-passed bill to fund the government until January 30. If approved by the Senate, the measure must still pass …
The federal government has increased the Credit Risk Guarantee (CRG) for tomato crate financing to 75% under the Dutch-funded HortiNigeria Programme, a move expected to unlock over ₦500 million in intervention funding for Nigeria’s horticulture sector. Mohamed Selassie Idris, Country Representative of the International Fertilizer Development Center (IFDC) and Programme Director of HortiNigeria, announced the …
Visa and Mastercard have reached a revised settlement with merchants who alleged the card networks charged excessive fees for accepting their credit cards, according to a court filing on Monday. The updated settlement was revealed in a letter filed in Brooklyn federal court by a lawyer representing some of the plaintiffs. Details on the revised …
Every December, Lagos transforms into a magnetic cultural phenomenon a city pulsing with rhythm, reunion, and revelry. It is the season when Nigerians from across the diaspora, popularly known as IJGBs (“I Just Got Backs”), return to the city for what has become an annual pilgrimage of fun, nostalgia, and self-expression. These returnees arrive …
The United States is facing a worsening air travel crisis as the ongoing government shutdown enters its second week, forcing the Federal Aviation Administration (FAA) to impose sweeping nationwide flight cuts and heightening frustration among airlines and passengers alike. On Saturday, major U.S. airlines slashed another wave of flights, marking the second consecutive day of …
The Nigerian stock market ended the first week of November on a bearish note as profit-taking dominated trading sentiment amid domestic and external headwinds, leaving investors to suffer a ₦2.83 trillion loss. Trading activity started on Monday, November 3, on a bearish note, sustaining the momentum all through the week. As a result, the total …
