Dangote: Oil Price Surge Drives Work-from-Home Trend
Aliko Dangote highlights that escalating oil prices due to Middle East conflicts are pushing countries to adopt work-from-home policies, straining small businesses and African economies.
Category : Economy
Naira Rebounds to N1,382.63/$ Amid FX Inflow Surge
Nigeria's naira strengthened to N1,382.63 per dollar as foreign exchange inflows surged 45% to $4.4 billion in February. Despite declining external reserves, net usable reserves improved significantly to $34.80 billion, signaling resilience.
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Dangote: Iran-US Conflict May Force Nigeria Into Remote Work
Aliko Dangote warns that escalating Iran-US tensions could worsen Nigeria's economic hardship, drive up energy costs, and force a return to COVID-era work-from-home measures, impacting daily earners and small businesses.
Naira Weakens as External Reserves Drop to $49.6 Billion
The Nigerian Naira depreciated to N1,383.5 per US dollar on Tuesday, with external reserves declining to $49.6 billion, reflecting ongoing forex market pressures and cautious trading conditions.
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FG's N16 Trillion Plan to Lift 50 Million from Poverty
The Federal Government has unveiled the OHOPRS initiative, budgeting N16 trillion to lift 50 million Nigerians out of poverty by 2030 through coordinated efforts with development partners and the private sector.
NESG Pushes Private Sector Reforms for Human Capital Development
The Nigerian Economic Summit Group calls for coordinated private sector involvement to address human capital gaps in health, education, and skills, emphasizing transparency and measurable outcomes.
Nigeria's Investment Outlook Shines Amid Global Risks
A new report by VNL Capital Asset Management highlights Nigeria's potential for attractive returns in 2026, driven by oil prices and reforms, despite global volatility and inflation pressures.
SEREC Warns of FX Risks in £746M UK Port Deal
The Sea Empowerment and Research Center urges Nigeria to implement FX risk mitigation strategies for the £746 million port financing agreement with the UK, highlighting concerns over capital outflows and currency mismatch.
CPPE Rejects New Sugar Beverage Tax, Warns of Business Harm
The Centre for the Promotion of Private Enterprise opposes a proposed tax on sugar-sweetened beverages, citing economic fragility and high costs for manufacturers.
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LCCI Warns of Real Sector Collapse Over Fuel Costs
The Lagos Chamber of Commerce and Industry expresses alarm over soaring diesel and petrol prices, urging government intervention to stabilise the market and prevent economic collapse.
Nigeria's Oil Price Gains Limited by Structural Constraints
PwC report warns that Nigeria's structural issues, like low production and crude-backed loans, may prevent full benefits from high oil prices, impacting inflation and economic stability.
DAWN, BRACE Align on Lagos-Calabar Highway Economic Strategy
Stakeholders from South-West and South-South regions coordinate efforts to harness economic opportunities from the 750km Lagos-Calabar Coastal Highway, aiming for national transformation through joint planning frameworks.
Dangote: Middle East War Could Force Global Economic Crisis
Aliko Dangote warns that unresolved Middle East conflict will drive up oil prices, forcing remote work policies and hurting vulnerable economies like Africa's, where many lack financial reserves.
Kalu Calls for European Investment in Nigeria's Cocoa, Lithium
Deputy Speaker Benjamin Kalu advocates for technology transfer and local production partnerships with Europe to process Nigeria's raw materials like cocoa and lithium, aiming to create jobs and reduce migration.
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Garri, Beans, Rice Prices Drop Across Nigeria
The National Bureau of Statistics reveals significant price declines for staple foods including garri, beans, and rice across Nigerian markets in January 2026 compared to the previous year.
Nigerians Face Economic Shocks from US-Iran War Without Government Buffer
As the US-Iran conflict intensifies, Nigerians are grappling with soaring fuel, food, and transport costs. Experts criticize the government's lack of proactive measures and coordinated response to cushion citizens from global economic shocks.
Naira Records Worst Single-Day Drop, Reserves Decline
The Nigerian naira experienced its sharpest single-day depreciation in months, closing at N1,388.38 against the dollar. External reserves fell for the sixth consecutive session amid geopolitical tensions affecting global financial flows.
Niger Delta Governors Tasked on Policy, Infrastructure Reforms
The Niger Delta Chambers of Commerce chairman calls on governors to support reforms and unity to unlock the region's potential ahead of the 2026 economic summit.
Oil Drops 14% as Petrol, Diesel Prices Worsen Citizens' Plight
Crude oil prices fell over 14% due to eased Middle East tensions, but Nigerians grapple with petrol at N1,261-N1,400 per litre and diesel nearing N1,800, driving inflation and business strain.
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Nigeria-UK Port Deal Risks Debt, Says Economist
An economist criticizes the Nigeria-UK port agreement, claiming it will leave Nigeria indebted and benefit British industries, while a senator praises Tinubu's diplomatic efforts.
Oil Falls, Shares Rebound After Trump's War-End Comment
Oil prices dropped sharply and stock markets rebounded after U.S. President Donald Trump announced talks with Iran to halt the Middle East conflict, easing fears of prolonged war and energy crisis.
NCS, SON, NPA, NAFDAC Integrated into Single Window Platform
Key Nigerian agencies including NCS, SON, NPA, and NAFDAC have achieved full integration into the National Single Window platform ahead of its launch, with government funding to boost digital capacity and enhance trade efficiency.
Nigerian Doctors' Net Income: Abroad vs Home Analysis
A detailed analysis of how taxes, licensing fees, and cost of living impact Nigerian doctors' net income abroad compared to Nigeria, revealing financial trade-offs.
Gold Investment: N680k Purchase to Current Market Value
A Nigerian woman who purchased gold for N680,000 in 2023 shares the current market price, highlighting investment trends and economic insights for local investors.
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Oil Falls, Stocks Rebound After Trump's Iran Remarks
Global markets experienced sharp volatility as oil prices plunged and European stocks rebounded following Donald Trump's announcement of halted strikes on Iran and diplomatic progress.
Rising Oil Prices Crushing Nigerian Businesses, Households - NECA
The Nigeria Employers' Consultative Association warns that surging global oil prices are severely pressuring Nigeria's economy, driving up fuel costs, worsening inflation, and threatening business closures and job losses.
Lagos Leads FAAC Allocations with N55.83bn in January 2026
Lagos State received the highest share of Federation revenue in January 2026, getting N55.83 billion. Delta and Akwa Ibom followed, while Ekiti recorded negative allocation. Total disbursement reached N2.59 trillion across government tiers.
CBN Recapitalisation: Two Banks Get Lifeline, Three Await Approval
As the CBN recapitalisation deadline nears, over 30 Nigerian banks have met requirements, while two receive regulatory forbearance and three await final approval, amid industry consolidation.
Tinubu: Middle East Crisis to Spike Inflation, Help Vulnerable
President Bola Tinubu warns state governors that the Middle East crisis could trigger inflation and erode purchasing power, urging them to provide incentives and care for vulnerable Nigerians.
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IMF Data Shows Top 10 African Debtors, Nigeria Missing
Fresh IMF data lists Egypt, Côte d’Ivoire, and Kenya as top African debtors in 2026, with Nigeria notably absent, sparking debate on borrowing strategies and fiscal challenges across the continent.
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