Business & Economy

Naira Holds Firm Amid Falling Oil Prices: Analysts See Stable FX Outlook for 2025

Naira Holds Firm Amid Falling Oil Prices: Analysts See Stable FX Outlook for 2025

The Nigerian naira strengthened further last week, appreciating by ₦10.67 to close at ₦1,528.56 per dollar at the official foreign… Read More

3 weeks ago

Trump Slaps Tariffs on Japan, South Korea, South Africa; Sets August 1 Trade Deadline

U.S. President Donald Trump escalated global trade tensions on Monday by announcing new tariffs of 25% on imports from Japan,… Read More

3 weeks ago

Nigeria’s FAAC Allocations Hit N1.79 trillion in Q1 2025

Nigeria’s Federation Account Allocation Committee (FAAC) disbursements in Q1 2025 showcased significant growth, with total FAAC allocation reaching N1,796.5 billion,… Read More

3 weeks ago

Mo Abudu’s EbonyLife Media Partners IFC, AfDB to Stimulate Investment in Africa’s Film Sector

Mo Abudu's Nigerian media company, EbonyLife Media has announced a collaboration with the International Finance Corporation and the African Development… Read More

3 weeks ago

Oil Prices Steady Amid OPEC+ Supply Surge and Trump’s Tariff Threats

Oil prices remained steady on Monday despite OPEC+ announcing a larger-than-expected production hike for August, stoking fears of an impending… Read More

3 weeks ago

Global Oil Firms Compete as Libya Reopens Oil & Gas Exploration for the First Time Since Gaddafi’s Fall

Global oil firms like ExxonMobil, Chevron, TotalEnergies, and Eni have commenced active competition following Libya’s revived oil bid round, according… Read More

3 weeks ago

Trump Threatens 10% Tariff on BRICS- “Anti-American” Policies

U.S. President Donald Trump has warned of an additional 10% tariff on any nation aligning with what he termed the… Read More

3 weeks ago

Macroeconomic Watch: Current Account Surplus Slips 1.8% as Remittances and Income Inflows Falter

Nigeria recorded a current account (CA) surplus of $3.7 billion in Q1 2025, a 1.8% drop quarter-on-quarter despite a modest… Read More

3 weeks ago

OPEC+ To Increase Oil Supply by 548,000 bpd in August 2025

OPEC+ has announced a larger-than-expected oil production increase for August 2025, further raising its output by 548,000 barrels per day… Read More

3 weeks ago

Clarion Debuts Nigeria’s First Indigenous Container Shipping Line to Boost AfCFTA Trade

Clarion Shipping West Africa Ltd. has launched Nigeria’s first fully indigenous container shipping line, marked by the arrival of the… Read More

3 weeks ago