Africa is beginning to feel the economic consequences of the escalating Middle East conflict as the United States and Israel continue to launch attacks on Iran, triggering fresh volatility in global oil markets. The tensions have already pushed oil prices up by about 10 percent, raising concerns across African economies that remain heavily dependent on …
Every year on March 8, the world pauses to recognise the courage, creativity, and contributions of women across the world. In 2026, International Women’s Day (IWD) comes under the global campaign theme “Give To Gain,” a reminder that when individuals and societies invest in women with opportunities, resources, skills, mentorship, and unwavering support, everyone benefits …
President Bola Ahmed Tinubu has approved the posting of 31 non-career and 34 career ambassadors to various Nigerian diplomatic missions across the world and the United Nations. This was made known in a statement signed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Friday. The ambassadors-designate were earlier confirmed …
BudgIT Nigeria has raised fresh concerns over transparency and accountability in the proposed 2026 federal budget, warning that vague project descriptions and structural weaknesses could undermine legislative oversight and fiscal credibility. In a memo submitted to the National Assembly, the civic technology organisation said the lack of detailed explanations for several major budget line items …
The Central Bank of Nigeria (CBN) has been hitting the right notes lately with its effort to increase its reserves, which have now effectively crossed the $50 billion mark, the first time in 13 years. In the last 24 hours, the apex announced that it increased total gold holdings to $3.5 billion after taking delivery …
The refinery says Nigerian crude oil more expensive than Brent crude Dangote Petroleum Refinery has explained why it increased its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100 recently. The refinery had earlier in the week, the refinery had raised its ex-depot price of petrol from ₦774 to ₦874 …
President Bola Tinubu, on Thursday, presided over a meeting that led to the resolution of a dispute between the Nigerian government, multinational oil giant ENI, and the Nigerian Agip Exploration Limited (NAEL) on the Prospecting Licence (OPL) 245. The resolution was sealed with a historic settlement agreement between the Federal Government, ENI, and Agip. According …
Nigeria’s economy faces a mix of gains and pressures from the ongoing conflict between the United States, Israel and Iran, with higher global energy prices expected to strengthen government finances even as inflation risks intensify. In a report released on Thursday, March 5, CardinalStone Research said the war, which began on February 28, 2026, has …
The Central Bank of Nigeria (CBN) said it has taken delivery of responsibly sourced London Bullion Market Association (LBMA) Good Delivery-standard gold into its foreign reserves. The move, which is aimed at strengthening reserve diversification and macroeconomic stability, has raised its total gold holdings to $3.5 billion. According to the apex bank in a statement …
Nigeria’s private sector showed signs of recovery in February 2026, but key obstacles are still slowing growth, according to the Nigerian Economic Summit Group (NESG). The group revealed this in its latest Business Confidence Monitor (BCM) report released on Wednesday, March 4. The report shows the Business Performance Index hit 117.2 points, its highest in …
