World Bank Again Classifies Nigeria as Lower-Middle Income Economy in 2025/2026 Report
For yet another year, the World Bank has classified Nigeria among the Lower-Middle Income Economies (LMIEs) in its 2025/2026 country...
Reps Push for Full Enforcement of 5% Petroleum User Charge to Fund Road Maintenance
The House of Representatives has reaffirmed its commitment to ensuring the full implementation of the 5% user charge on petroleum...
NUPRC Generates ₦28.11bn from Oil Licence Fees in First Five Months of 2025
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has generated a total of ₦28.11 billion in miscellaneous oil revenue tied to...
FG Seeks $60m Climate Finance for Green Energy Hubs, Airport Hybrid Project
The Federal Government of Nigeria has commenced talks with international financial institutions to secure over $60 million in climate finance...
Nigeria Accelerates AfCFTA Implementation Ahead of IATF2025 to Boost Continental Trade
Nigeria is fast-tracking the implementation of the African Continental Free Trade Area (AfCFTA) to unlock wider trade and investment opportunities...
Global Stocks Fall, Dollar Gains as Trump Threatens Tariffs on BRICS-Aligned Nations
Stocks slipped and the U.S. dollar edged higher in a cautious start to the week, after former President Donald Trump...
Oil Prices Dip as OPEC+ Output Hike and Tariff Worries Cloud Demand Outlook
Oil prices slipped on Monday after OPEC+ announced a larger-than-expected output hike for August, raising concerns about oversupply in the...
10 Nigerian States Grow Domestic Debt by ₦417.7bn Despite FAAC Windfall
At least 10 Nigerian states collectively increased their domestic debt stock by ₦417.7 billion year-on-year, despite receiving significantly higher allocations...
FG Spends N536.4bn on Electricity Subsidies in Q1 2025 Amid N4tn GenCo Debt
The Federal Government incurred a staggering ₦536.4 billion in electricity subsidy obligations in the first quarter of 2025, reflecting a...
Oil Prices Slip as Iran Reaffirms Nuclear Commitments Ahead of Fresh Talks
Oil futures declined on Friday amid signs of easing tensions between the U.S. and Iran, and expectations that top oil...
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