Tag: Nigeria economy

Global Oil Prices Fall as Trump Signals Iran Peace Deal, Nigeria Exceeds OPEC Quota

Business Damilola Bayonle -
Global oil prices fell sharply on Thursday after United States President Donald Trump announced that planned military strikes against...

Nigeria misses oil revenue target by N2.79tn despite foreign reserves rising above $50bn

Business Damilola Bayonle -
Nigeria recorded a N2.79 trillion shortfall in oil revenue during the third quarter of 2025 despite a steady rise...

Oil Prices Near $110 as Hormuz Tensions Threaten Nigeria Fuel Costs

Business Damilola Bayonle -
Oil prices near $110 as Hormuz shipping risks deepens Oil prices climbed toward $110 per barrel on Sunday as escalating...

Nigeria Credit Rating Upgrade Lifts Investor Sentiment Amid Economic Strain

Business Damilola Bayonle -
Why Nigeria Credit Rating Upgrade Matters to Investors Nigeria secured its first sovereign credit-rating upgrade in more than a decade...

Federation oil earnings crash despite global oil rally as Nigeria faces fresh revenue pressure

Business Damilola Bayonle -
Federation oil earnings fall sharply despite rising crude oil prices Federation oil earnings from Nigerian National Petroleum Company Limited’s Production...

Nigeria inflation rate may rise to 15.95% as fuel prices, oil shock push up cost of living

Business Damilola Bayonle -
Nigeria inflation rate is projected to rise for the second consecutive month in April 2026, signalling a sharp interruption...

Nigeria fuel supply 2026: New NMDPRA boss warns global oil shocks could test energy stability

Business Damilola Bayonle -
Nigeria Fuel Supply 2026 Enters Critical Phase Amid Global Oil Market Tension Nigeria’s fuel supply system is entering a decisive...

Nigeria’s wage crisis deepens as inflation crushes incomes, labour pushes new pay system

Business Damilola Bayonle -
Nigeria’s Wage Crisis Deepens: Labour Pushes Inflation-Linked Pay as Rising Costs Crush Workers As living costs rise by up to...

Nigeria World Bank debt rises $2.08bn as naira pressure and fiscal strain deepen economic risks

News Damilola Bayonle -
Nigeria World Bank debt jumps $2.08bn as fiscal strain deepens, naira pressure and capital confidence weaken Nigeria’s fiscal pressure is...

Nigeria foreign currency tax revenue hits ₦6.33tn as naira volatility bites

Business Damilola Bayonle -
Nigeria foreign currency tax revenue hits ₦6.33tn as naira volatility boosts FX inflows but deepens investor risk, consumer pressure Nigeria’s...

Tinubu reshuffles cabinet amid inflation, FX pressure in Nigeria

Business Damilola Bayonle -
Tinubu reshuffles cabinet, replaces finance and housing ministers amid economic pressure Nigeria’s President Bola Tinubu has removed Finance Minister Wale...

Nigeria business environment worsens as policy gaps in tax, power, oil laws drive rising costs

Business Damilola Bayonle -
Policy gaps in Tax Act, PIA, Electricity Law raise investor concerns, threaten Nigeria business environment recovery Nigeria business environment is...