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Rising Oil Prices and Global Tensions Set Stage for Volatile Week in Nigeria's Markets

Nigeria, March 10 -- Following the rising Middle East conflict involving Israel, the United States, and Iran, crude oil prices jumped recently. Following attacks on vital energy infrastructure and di... Read More


Starlink Targets Smartphone 5G With New Satellite Network

Nigeria, March 10 -- The company said its upcoming Starlink Mobile V2 satellites will enable users to connect directly to cellular networks from space, supporting full mobile services, including 5G, w... Read More


NFF Denies Reports Linking Super Eagles Coach Eric Chelle to Wydad Casablanca

Nigeria, March 10 -- Online rumor had spread that the North African club was considering replacing Amine Benhachem with the coach of the Nigerian national team. The report claimed that Chelle was eag... Read More


Why the Naira Is Hovering Around N1,400 Again

Nigeria, March 10 -- Only a few weeks ago, analysts expected the local currency to strengthen below N1,300 after a period of relative stability. However, market sentiment shifted quickly as the excha... Read More


Iraq Oil Output Plunges as Strait of Hormuz Crisis Disrupts Global Exports

Nigeria, March 9 -- According to industry sources, output from Iraq's main southern oilfields has dropped to about 1.3 million barrels per day, a steep decrease from the roughly 4.3 million barrels pr... Read More


Nigeria Women Relay Team Secures World Relays Spot After Strong Calabar Performance

Nigeria, March 9 -- The Nigerian quartet of Patience Okon George, Anita Enaruna, Treasure Okereke, and Jecinter Lawrence delivered one of the standout performances of the competition, finishing the ra... Read More


Oil Stocks Drive NGX Rally as Naira Weakens Across FX Markets

Nigeria, March 9 -- The oil and gas index on the Nigerian Exchange recorded the strongest performance, surging 9.43 percent, driven by strong investor demand for shares in Aradel Holdings and Oando. I... Read More


Bank Lending to Nigerian Private Sector Falls to N75.24trn in January

Nigeria, March 5 -- According to recent economic and credit data released by the Central Bank of Nigeria, private sector credit fell from N75.83 trillion in December 2025, a decline of about N590 bill... Read More


CBN Pulls N13.41trn From Banking System as Liquidity Tightens

Nigeria, March 5 -- Fresh monetary data released by the Financial Markets Dealers Association indicate that the move coincided with a broad slowdown in money supply and lending across the banking sect... Read More


Nigeria Misses 2026 World Cup Playoff as FIFA Confirms DR Congo Spot

Nigeria, March 5 -- Details released by FIFA show that six countries will compete for the final two places at the expanded 48-team World Cup scheduled to take place in the United States, Canada, and M... Read More