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US-Iran crisis pushes oil to $87, Nigeria gains $22/barrel

By Udeme Akpan The latest disagreement between President Donald Trump and Iran over the reopening of the Strait of Hormuz has pushed up oil prices by 5 per cent to $87 per barrel from $83 per barrel in the global market. This was even as Bank of America (BofA) warned that oil prices could continue […]

US-Iran crisis pushes oil to $87, Nigeria gains $22/barrel

By Udeme Akpan The latest disagreement between President Donald Trump and Iran over the reopening of the Strait of Hormuz has pushed up oil prices by 5 per cent to $87 per barrel from $83 per barrel in the global market. This was even as Bank of America (BofA) warned that oil prices could continue […]

Nigeria’s capital importation rises 256.9% to $2.82bn 

Nigeria’s capital importation rose by 256.9 per cent year-on-year (YoY) to $2.82 billion in April 2026 from $0.79 billion in the corresponding period of 2025, indicating increased investor confidence in the economy, the Central Bank of Nigeria (CBN) has said. However, capital importation declined by 26.7 per cent month-on-month (MoM) from $3.85 billion in March […]

Dollar to Naira exchange rate today, August 12, 2026

The naira remained broadly stable against the United States dollar on Wednesday, August 12, 2026, with the official Nigerian Foreign Exchange Market (NFEM) rate trading around the mid-₦1,360 band while the parallel market hovered in the low-₦1,400 range.

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