Articles

European energy officials are scrambling for alternative suppliers after strikes on QatarEnergy’s Ras Laffan facility forced the company to declare force majeure on liquefied natural gas contracts with Belgium, Italy, and Poland. Nigeria consistently tops their shortlists. With Africa’s largest proven gas reserves and Atlantic shipping routes completely insulated from the chaos enveloping the Strait […]

The one-month war in Iran cost Arab countries up to $194bn The United Nations Development Programme has warned that the US-Israel war on Iran is inflicting severe economic damage across Arab economies, with losses estimated between $120bn and $194bn after just one month of conflict. According to the report, regional GDP could shrink by up

Nearly two decades after the 2004 recapitalisation that reshaped Nigeria’s banking sector and cut the number of banks from 89 to 25, Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, signalled another round in November 2023. By March 2024, the policy was formalised, with a 24-month compliance window from April 1, 2024 to March 31,

The first quarter (Q1) of 2026 has officially rewritten the record books for the Nigerian Exchange Limited (NGX), delivering a staggering N29.83trillion gain for equity investors. This circa N30trillion, biggest first quarter gain in Nigeria’s stock history, was driven by corporate earnings and reform optimism – like the just ended banking sector recapitalisation. The record

As the 2026 election season heats up, three ministers have resigned from President Bola Tinubu’s administration in anticipation of a strict presidential directive requiring politically ambitious appointees seeking governorship ambition to step down. Adelabu Adelabu, Minister of Power, was the latest candidate to tender his resignation on Tuesday evening to pursue his 2027 governorship ambitions

For many years, China Peters, a Benue State farmer, cultivated yams and cassava on a large acre of land that provided his family with a livelihood. After several planting seasons enjoying peace and calm in his community, calamity struck when attacks over land ownership and insurgency made him and other farmers abandon their farms, forcing

Nigeria’s banks are now bigger than ever, thanks to the sweeping recapitalisation drive by the Central Bank of Nigeria (CBN), which has reshaped balance sheets and strengthened buffers across the industry. But while the capital-raising cycle has enabled 32 lenders to raise as much as N4.61 trillion, according to official figures, analysts worry whether larger

…CBN cites systemic risk in Union Bank’s case Union Bank of Nigeria Plc has been plunged into a deepening governance crisis after a court ruling overturned regulatory intervention, setting off a high-stakes legal battle that now pits investor rights against financial stability concerns in Africa’s most populous nation. The Central Bank of Nigeria (CBN) has

…To take effect April 1 Nigeria’s fast-growing solar power sector is facing a new constraint as China moves to dismantle the export subsidies that once made renewable hardware historically cheap. For years, developers and households across Africa’s most populous country benefited from a flood of low-cost Chinese solar modules, which underpinned everything from rooftop installations

Fresh anxieties regarding Nigeria’s intelligence capabilities and security framework have surfaced following a tragic massacre in Jos North Local Government Area. Despite early warnings originating from neighbouring regions in Plateau State, the assault claimed at least 28 lives, with the death toll expected to rise as more information emerges. Only days before this tragedy, inhabitants