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Local refineries supplied 78.6 percent of Nigeria's petrol demand in the first half of 2026, up from 38.9 percent in 2025, while imports dropped to 21.4 percent, according to MEMAN. The report said expanded refining capacity led by...

Nearly seven out of every 10 barrels produced during the period were sold overseas despite persistent concerns over crude supply to domestic refineries. Higher international oil prices, rather than a sharp rise in export volumes, drove the surge...

Atiku accuses the Tinubu administration of using macroeconomic statistics and official narratives to mask worsening poverty, hunger, and declining living standards across Nigeria. The former vice president questions the gains from fuel subsidy removal, rising public debt, and...

Transaction volume rose to 28.74 billion as more Nigerians embraced digital wallets and agent banking. Cheque usage continued its sharp decline while retail electronic payments reached ₦3,458.77 trillion. The figures show that mobile money is becoming one of...

The Federal Government is weighing a dollar-for-naira swap arrangement to ease Dangote Refinery's growing foreign exchange burden as crude suppliers continue to demand payment in dollars. Dangote says inadequate crude supplied under the naira-for-crude initiative has forced it...

Air Peace commenced direct Lagos–Conakry–Bamako flights, adding Guinea and Mali to its expanding West African route network. Government officials in Guinea and Mali said the new service is expected to boost trade, tourism, investment, cultural exchange, and bilateral...

Global electric vehicle sales are expected to reach a record 23 million in 2026. Africa's EV market more than doubled in the first half of the year, led by South Africa and Egypt. Nigeria did not feature among...

Nigeria committed an estimated ₦17.36 trillion to defence and security between 2021 and 2025, while the sector again received the highest allocation of ₦5.41 trillion in the 2026 Federal Budget. Despite the unprecedented spending, insurgency, banditry, kidnapping, oil...

Federal civil servants have given Finance Minister Taiwo Oyedele until August 11 to resolve outstanding wage awards and the delayed 40 percent peculiar allowance or risk industrial action. Workers accused the minister of ignoring repeated appeals, saying that...

Falana urges the Federal Government to abandon reliance on diplomatic protests and impose economic sanctions on South African companies operating in Nigeria over recurring xenophobic attacks targeting Nigerians. The senior advocate says Nigeria must invoke the principle of...