economy

CBN cuts rates to 23%, but the real move is smaller than it looks

What the CBN rate cuts mean for the stock market

Petrol hits ₦1,450 as Brent crude climbs past $107

Pump prices jump 7–11% in a week as Dangote Refinery raises wholesale rates and Middle East supply disruptions push crude near four-month highs.

Nigeria's petrol import bill surges almost 1,000% despite Dangote refinery ramp-up

Imports jumped elevenfold to ₦952 billion in Q2 2026, reversing a dramatic Q1 decline as domestic supply tensions persist.

Nigeria oil output edges up 0.4% in August

Amidst the Dangote Refinery IPO, Nigeria has its fourth consecutive month of meeting OPEC quota

Nigeria's export record is oil, wearing a new outfit

Nigeria sold more non-crude than crude abroad for the first time in at least six years last quarter.

Air Peace re-enters Africa's top 10 after 55% capacity surge

Nigeria's largest airline posted the fastest growth among the continent's carriers to reclaim 10th position in September 2026.

Daily Bread Deep Dive: Nigeria's States

🍞 States & Capital

The world's great cities and regions turned a comparative advantage into a globally owned brand. Nigeria's states hold advantages just as strong, and yet benefits from none of them.

Moody's lifts Nigeria's outlook to positive on reserves, growth

Rating agency cites stronger external buffers and better-than-expected GDP expansion as outlook shifts from stable.

Nigeria posts fastest growth in five years on oil boom

The economy expanded 4.43% in Q2 2026, the strongest pace since Q2 2021, as oil output surged and services accelerated.