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MAKOGI — The Nigerian Exchange (NGX) took a massive hit on Tuesday, February 24, 2026, as investors aggressively sold off
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ABUJA — President Bola Ahmed Tinubu has declared that the Nigerian economy has officially exited its “darkest days,” backing his
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With Brent crude trading around $69 per barrel above Nigeria’s 2026 federal budget benchmark of $64.8, the price rally would largely bolster the country’s fiscal revenues, foreign exchange reserves and promote exchange rate stability.
The post CBN: Oil prices rally brightens naira, foreign reserves’ prospects appeared first on Vanguard News.
By Mariam Eko Nigeria’s average crude oil production in 2025 increased to 1.64 million barrels per day (mbpd), representing a 5.8 per cent year-on-year rise from 1.55mbpd in the corresponding period of 2024, the Independent Petroleum Producers Group (IPPG) has said. Chairman of IPPG, Mr. Adegbite Falade, disclosed this at the just-concluded Nigeria International Energy Summit […]
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By Yinka Kolawole The Lagos Chamber of Commerce and Industry (LCCI) has stated that the latest inflation data released by the National Bureau of Statistics (NBS) indicates a temporary easing of inflationary momentum, not yet a convergence toward a low and stable inflation regime. Recall that NBS, on Monday, reported that Nigeria’s headline inflation rate dropped to […]
The post Lower inflation figure still temporal, not stability — LCCI appeared first on Vanguard News.
British bank executives were set to hold a first meeting on Thursday over a possible national alternative to dominant US payment systems Mastercard and Visa as President Donald Trump’s policies causes economic sovereignty concerns.
The post UK banks to meet over possible Visa, MasterCard rival appeared first on Vanguard News.
LAGOS — It is the year 2026. The masks are off, the airports are full, and the stadiums are packed.
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By Yinka Kolawole A recent survey has revealed that 54 percent of businesses in Nigeria remained unregistered in 2025 indicating a modest rebound in business formalization after years of decline. The report on the 2025 State of Entrepreneurship Survey conducted by FATE Foundation shows that 46 per cent of Nigerian entrepreneurs operated formally registered businesses in 2025, […]
The post 54% of Nigerian businesses still unregistered despite uptick —SURVEY appeared first on Vanguard News.
…Egbin, Azura, Sapele, Transcorp plants affected By Obas Esiedesa Electricity generation across the country is expected to dip temporarily as scheduled maintenance on a major gas facility will curtail supply to several thermal power plants. The Nigerian National Petroleum Company Limited (NNPC Ltd) on Thursday announced that Seplat Energy Plc, a joint venture partner and key supplier […]
The post Power outage looms amid scheduled power plants maintenance appeared first on Vanguard News.