5 d. ago IMF flags Nigeria’s fiscal risks as oil revenue trails budget

The International Monetary Fund urged the federal government to rework its 2025 N54.99 trillion budget to reflect a less favourable oil price read more IMF flags Nigeria’s fiscal risks as oil revenue trails budget

Politics

6 d. ago Oil settles up on signs of strong demand, investors await OPEC+ decision – Reuters

Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of read more Oil settles up on signs of strong demand, investors await OPEC+ decision – Reuters

Politics

7 d. ago Tomato producers call dismantling of checkpoints across Nigeria to boost food supply chain, ease farmers’ burden

Tribune Online Tomato producers call dismantling of checkpoints across Nigeria to boost food supply chain, ease farmers’ burden The National President of the Tomato and Orchard Producers Association of Nigeria (TOPAN), Bola Oyeleke, has thrown his weight behind the decision by the Federal Government and the Nigeria Governors’ Forum to eliminate illegal checkpoints and harmonise levies across the country describing it as a major step toward reviving the country’s troubled agricultural value chain. […] Tomato producers call dismantling of checkpoints across Nigeria to boost food supply chain, ease farmers’ burden Tribune Online

Society

7 d. ago Oil prices sink below $67 as Iran backs off Strait of Hormuz retaliation

Global crude oil prices have plummeted below $67 per barrel, following Iran’s decision not to block the Strait of Hormuz in response to recent U.S. airstrikes, defusing fears of a global energy crisis and easing market volatility. After surging to $77.08 on June 19 amid rising Middle East tensions, Brent crude (Nigeria’s crude grade) fell […] The post Oil prices sink below $67 as Iran backs off Strait of Hormuz retaliation appeared first on The Sun Nigeria.

Politics

9 d. ago Oil Prices Plunge 6% As Middle East Ceasefire Eases Supply Fears

Oil prices tumbled by six per cent this week after a ceasefire agreement between Iran and Israel sharply reduced concerns about potential supply disruptions from the Middle East. The truce, announced by US President Donald Trump, brought American crude futures to their lowest point in over a week, with Brent and West Texas Intermediate (WTI) […]

Politics

1 week ago Inflation seen easing as FX inflows rise, money supply falls

Inflation has begun to wane in Africa’s most populous nation, thanks to rising foreign exchange inflows and a slowdown in read more Inflation seen easing as FX inflows rise, money supply falls

Economics

1 week ago Volatile oil prices expose food system’s dangerous fossil fuel dependence – Report

A new report from the International Panel of Experts on Sustainable Food Systems (IPES-Foods), released on Wednesday, June 25, 2025 read more Volatile oil prices expose food system’s dangerous fossil fuel dependence – Report

Politics

2 w. ago Nigeria eyes FX relief as oil prices surge on Middle East escalation

Boom! Brent crude is climbing again, and Nigeria’s foreign exchange market just might be able to catch its breath, at read more Nigeria eyes FX relief as oil prices surge on Middle East escalation

Politics

2 w. ago NNPCL, marketers raise petrol price again amid global oil tension

From Adanna Nnamani, Abuja Petrol prices rose again across major cities on Monday as the Nigerian National Petroleum Company Limited (NNPCL) and other oil marketers adjusted their pump prices upward in response to rising crude oil prices and continued pressure on the naira. Checks across Abuja and Lagos showed that petrol now sells between N915 […] The post NNPCL, marketers raise petrol price again amid global oil tension appeared first on The Sun Nigeria.

Politics

2 w. ago Global oil prices may rise as Iran vows retaliation after US strikes 

Tribune Online Global oil prices may rise as Iran vows retaliation after US strikes  The global prices of oil may see a spike following US President Donald Trump’s decision to strike three nuclear facilities in Iran, directly... Global oil prices may rise as Iran vows retaliation after US strikes  Tribune Online

Politics

2 w. ago How oil prices rally boosts CBN’s push for higher reserves, stable naira

By Michael Nwadike The Central Bank of Nigeria (CBN) has continued to take steps that ensure higher reserves accretion, stable naira and elevated dollar liquidity. The ongoing oil prices rally over Israel-Iran war portends a combination of risks and upsides for the economy, underlining the need for proactive management of its impact. Brent Oil Futures […] The post How oil prices rally boosts CBN’s push for higher reserves, stable naira appeared first on The Sun Nigeria.

Politics

2 w. ago Oil could surpass $90 as Middle East tensions mount, Goldman, Barclays warn

Rising geopolitical tensions in the Middle East could drive Brent crude oil prices up by as much as $10 per read more Oil could surpass $90 as Middle East tensions mount, Goldman, Barclays warn

Events

3 w. ago Petrol Pump Prices May Not Rise In Nigeria Despite Hike Int’l Market Rate

There are reports indicating that pump price of petrol in Nigeria may not go up despite a sharp rise in the price of crude in the international market. Despite being an oil-producing nation, Nigeria relies heavily on imported petroleum products. This means that any rise in global oil prices is directly reflected in local fuel […]

Politics

3 w. ago Oil Prices May Hit $100 Per Barrel With Escalating Middle East Crisis

Experts are forecasting an unprecedented oil price hike with the spiral of military strikes between Israel and its neighbours. Israel’s attack on Iran is unlikely to cause a major disruption to oil supply, analysts at two major banks said, but a worst-case scenario involving blockades in the Strait of Hormuz could push prices above $100 […]

Events

3 w. ago Nigeria’s naira strengthens as oil rises and trade worries ease

Nigeria’s naira rose for a seventh day to a two-month high against the dollar on Tuesday amid higher oil prices read more Nigeria’s naira strengthens as oil rises and trade worries ease

Politics