Naira rises, now N1,405/$ in parallel market
The Naira yesterday appreciated to N1,405 per dollar from N1,410 in the parallel market on Wednesday. Likewise, the naira appreciated to N1,322.5 per dollar in the Nigerian Foreign Exchange Market, NFEM.
MIDDLE EAST CRISIS: IMF cuts growth forecast for Nigeria’s economy to 4.1%
•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 […]
FG incurs N418bn power subsidy
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 […]
Nigeria misses OPEC quota, produces 1.38m bpd
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 […]
Daily petrol imports rise 96.6% to 5.9m litres — NMDPRA
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 […]
Livestock minister to co-chair Vanguard Economic Discourse
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 […]
