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Finance & Economy - Page 5

Hormuz Disruption Exposes Hidden Risk to Global Food Supply as Fertiliser Markets Tighten

The escalating disruption around the Strait of Hormuz is sending shockwaves through global commodity markets. While much of the immediate attention has focused on oil prices, analysts warn that a quieter but potentially more consequential crisis is unfolding in fertiliser markets one

March 11, 2026

Currency·Finance & Economy·News·Nigeria·Top Stories

CBN Rate Cut Signals Growing Confidence in Nigeria’s Economy – FXTM

Analysts say the recent interest rate cut by the Central Bank of Nigeria (CBN) points to improving confidence in Nigeria’s economic outlook, supported by easing inflation and stronger external reserves. Mathew Anthony, a market analyst at FXTM, said the decision to reduce

February 24, 2026

Why CBN Retained Bencmark Interest Rate At 27.5%

Currency·Finance & Economy·News·Nigeria·Top Stories

Central Bank Cuts Interest Rate to 26.5% as Inflation Eases

The Central Bank of Nigeria has reduced its key interest rate to 26.5%, signalling growing confidence that inflation is beginning to slow. The decision, announced in Abuja by Governor Olayemi Cardoso, marks the first rate cut since November 2025. The Monetary Policy

February 24, 2026

Finance & Economy·News·Nigeria·Top Stories

Nigeria’s New Tax ID Portal: Seamless For Some, Challenges Ahead

A newly launched national Tax Identification Number (TIN) portal in Nigeria has received widespread praise from users, with more than 98% reporting a smooth experience, the Joint Revenue Board (JRB) said. The portal, launched on 1 January 2026, allows individuals to generate

February 24, 2026

Currency·Finance & Economy·Markets·News·Nigeria·Top Stories

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Nigeria recorded a sharp increase in foreign capital inflows in the third quarter of 2025, but the Centre for the Promotion of Private Enterprise (CPPE) says the recovery may not be as strong as it appears. Capital importation rose to about $6.01bn

February 24, 2026

Business·News·Oil & Gas·Top Stories

Nigerians to Acquire Shares in Dangote Refinery Within Five Months – Dangote

President of the Dangote Group, Aliko Dangote, has announced plans to open up ownership of the $20 billion Dangote Petroleum Refinery to Nigerians within the next four to five months, in a move that could broaden public participation in one of Africa’s

February 22, 2026

News·Oil & Gas·Top Stories

NNPC, Dangote Refinery Deepen Strategic Alliance to Boost Energy Security

The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, has reaffirmed the national oil company’s commitment to strengthening its operational and commercial relationship with the Dangote Refinery following a high-level visit to the facility in Ibeju-Lekki, Lagos State. Ojulari led

February 21, 2026

Ajaero’s Arrest By DSS ‘A Brazen Act Of Lawlessness, Intimidation’ – NLC

Labour·News·Power·Top Stories

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

The Nigeria Labour Congress (NLC) has opposed plans by the federal government to grant a ₦3 trillion bailout to privately owned electricity generation companies, arguing that the move will not resolve the country’s power supply challenges. In a statement signed by its

February 20, 2026

Nigerian Govt Still Pays Fuel Subsidy, PENGASSAN Insists

Labour·News·Oil & Gas·Top Stories

Oil Workers Kick as PENGASSAN Seeks Reversal of Tinubu’s Revenue Order, Warns of Possible Layoffs

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has mounted strong opposition to President Tinubu’s executive directive altering the remittance structure of oil and gas revenues, cautioning that the move could disrupt the financial stability of the Nigerian National

February 20, 2026

Business·Finance & Economy·Labour·News·Nigeria·Top Stories

Nigeria-Germany Talks Raise Hopes for Power, Jobs, Security Gains

Millions of Nigerians struggling with unreliable electricity and limited job opportunities could see some relief after fresh talks between President Bola Tinubu and Germany’s Chancellor Friedrich Merz. In a brief phone call on Wednesday, the two leaders discussed closer cooperation on power,

February 19, 2026

Finance & Economy·News·Top Stories

Tinubu Signs Executive Order Redirecting Oil, Gas Revenues to Federation Account

President Tinubu has signed an Executive Order mandating the direct remittance of oil and gas revenues to the Federation Account, in a sweeping fiscal move that alters key revenue-retention provisions under the Petroleum Industry Act (PIA), Prime Business Africa reports. The order,

February 19, 2026

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Oil Production: Nigeria Again Exceeds OPEC Quota In 2025

6 Things Nigerians Should Know About the Current Oil Market Trends

The global oil market is once again at the centre

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Cooking gas prices in Nigeria have jumped about 40 percent

Dangote Cement Records 20% Increase in 2025 Revenue

Dangote Cement Plc reported a 20.3 percent rise in revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

British luxury carmaker Aston Martin has announced plans to reduce

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Finance & Economy - Page 5

Hormuz Disruption Exposes Hidden Risk to Global Food Supply as Fertiliser Markets Tighten

CBN Rate Cut Signals Growing Confidence in Nigeria’s Economy – FXTM

Central Bank Cuts Interest Rate to 26.5% as Inflation Eases

Nigeria’s New Tax ID Portal: Seamless For Some, Challenges Ahead

CPPE Warns Nigeria’s $6bn Capital Inflow Surge May Be Fragile Despite Rebound

Nigerians to Acquire Shares in Dangote Refinery Within Five Months – Dangote

NNPC, Dangote Refinery Deepen Strategic Alliance to Boost Energy Security

NLC Rejects Federal Government’s ₦3 Trillion Power Sector Bailout

Oil Workers Kick as PENGASSAN Seeks Reversal of Tinubu’s Revenue Order, Warns of Possible Layoffs

Nigeria-Germany Talks Raise Hopes for Power, Jobs, Security Gains

Tinubu Signs Executive Order Redirecting Oil, Gas Revenues to Federation Account

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Banking Disruptions Hit Two Major Iranian Lenders, Leaving Customers Unable to Access Services

Hormuz Disruption Exposes Hidden Risk to Global Food Supply as Fertiliser Markets Tighten

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6 Things Nigerians Should Know About the Current Oil Market Trends

Nigeria Cooking Gas Price Jumps 40% Amid Us, Iran Crisis

Dangote Cement Records 20% Increase in 2025 Revenue

Aston Martin to Cut 20% of Workforce Over Rising Losses

Banking Disruptions Hit Two Major Iranian Lenders, Leaving Customers Unable to Access Services

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