•Cites, higher fuel, fertiliser prices, increased shipping costs By Babajide Komolafe, Economy Editor The International Monetary Fund (IMF) has lowered its growth forecast for Nigeria’s economic growth to 4.1 percent in 2026,  citing higher fuel, fertilizer prices and increased shipping costs triggered by the impact of the ongoing Middle East crisis.  The latest forecast for Nigeria […]

By Mather Godwin  The Federal Government incurred a subsidy obligation of N418.79 billion in the fourth quarter of 2025, Q4’25 according to   data from the Nigerian Electricity Regulatory Commission, NERC). The electricity market regulator in its Q4’25 Quarterly report, noted that total amount invoiced by the GenCos for energy delivered to each DisCo and the Differential […]

By Udeme Akpan, Energy Editor The Organization of the Petroleum Exporting Countries (OPEC) has disclosed that Nigeria’s crude oil output, excluding condensate, rose to 1.38 million barrels per day (bpd) in March 2026, up from 1.31 million bpd recorded in February. In its March 2026 Monthly Oil Market Report (MOMR), OPEC stated that the figures were […]

By Obas Esiedesa Importation of premium motor spirit (PMS), also known as petrol, by oil marketers rose by 96.6 per cent in March 2026 to 5.9 million litres per day, up from 3.0 million litres   in February, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). However, the Authority, in its monthly fact sheet […]

In the run-up to the 2026 edition of the Vanguard Economic Discourse, the Minister of Livestock Development, Idi Mukhtar Maiha, has been named co-chair of the event. The discourse is scheduled to hold on Wednesday, April 22, 2026, at the Civic Centre, Victoria Island, Lagos, from 9 a.m. With the theme, “Food Security and Socio-economic […]

•Begins AI-driven training on revenue, others By Providence Ayanfeoluwa The Nigeria Customs service, NCS has commenced a capacity-building programme on Artificial Intelligence, AI-driven revenue generation, remittances and reconciliation as part of efforts to enhance transparency and efficiency in public financial management. Speaking at the event held in Abuja, Comptroller-General of Customs, Adewale Adeniyi, said the Service […]

By Rosemary Iwunze The insurance industry recorded a 47.3 per cent, Year-on-Year, YoY, growth in   Gross Premium Written, GPW,   to N2.301 trillion in 2025 from N1.558 trillion recorded in 2024. According to the insurance industry report released by the  The National Insurance Commission, NAICOM, disclosed this in its insurance industry report released yesterday.   The report also showed […]

First City Monument Bank (FCMB) is positioning culture as an economic engine, leveraging platforms such as the Ibadan Cultural Festival to support small businesses, deepen inclusion, and connect local enterprises to broader markets. As a lead partner in the festival organised by the Central Council of Ibadan Indigenes (CCII), the Bank said cultural gatherings are […]

Crude oil prices had dropped to $90 per barrel from $100 last week, as market watchers anticipated that the talks would culminate in an agreement in Islamabad, Pakistan’s capital.

In its March 2026 Monthly Oil Market Report (MOMR), OPEC stated that the figures were based on data obtained through direct communication with Nigerian authorities.