Nigeria’s economic recalibration good for business — Jumia CEO
By Etop Ekanem Chief Executive Officer of Jumia Group, Francis Dufay, has offered a perspective that placed Nigeria not at the margins of risk, but at the centre of reform, growth and stability. Speaking during a panel on emerging markets, at the Sohn Conference in New York, Dufay described the period between 2021 and 2024 as […]
LPG price to hit N1,500/kg as depot stocks dry up
•Only Dangote Refinery, Ardova, Navgas have supplies By Udeme Akpan, Energy Editor There are indications that the price of Liquefied Petroleum Gas, LPG, also known as cooking gas, may rise sharply across country as depot stocks dry up amid increasing domestic demand. Checks by Vanguard yesterday showed that only the Dangote Petroleum Refinery, Ardova Plc and […]
Petrol consumption jumps 10.8% to 52.4m, defies higher pump prices
•Nigeria’s oil output rises to 1.663m By Udeme Akpan, Energy Editor & Obas Esiedesa Despite the increase in pump prices of Premium Motor Spirit, PMS, also known as petrol, Nigeria’s daily consumption increased by 10.78 per cent in April 2026 to 52.4 million litres, from 47.3 million litres recorded in March, according to data released by […]
Food crisis driven by insecurity, weak policy implementation — Stakeholders
By Cynthia Alo Stakeholders in the agriculture sector have blamed Nigeria’s worsening food crisis on insecurity, poor implementation of government policies and inadequate infrastructure. Speaking at the 2026 Nigerian-British Chamber of Commerce Agriculture and Agro-Allied Summit in Lagos, the stakeholders said persistent attacks on farmers, weak monitoring of intervention funds and poor policy execution are undermining […]
FX Infractions: EFCC clears over 1,000 bank accounts, prunes investigations to 16
By Peter Egwuatu The Economic and Financial Crimes Commission (EFCC) has concluded an investigation into an initial list of 1,146 bank accounts belonging to individuals and companies operating in Nigeria that were flagged for alleged foreign exchange (FX) infractions. According to a statement from the Federal High Court Abuja, made available to Vanguard, in a judgment […]
Nigeria’s net forex inflow rises 11% to $66.23bn
•Net inflow through CBN falls 18% By Elizabeth Adegbesan Nigeria recorded a 11.4 percent year-on-year (YoY) increase in net foreign exchange inflow in 2025 to $66.23 billion from $59.44 billion in 2024. Analysis of data from the Monthly Economic Bulletin with Statistical Data of the Central Bank of Nigeria (CBN) showed that the increase in net […]
