Rising global oil prices are improving Nigeria’s fiscal outlook and boosting prospects for the naira and foreign reserves, as Brent crude trades above the Federal Government’s 2026 budget benchmark. Brent crude hovered around $69 per barrel — higher than

  The Manufacturers Association of Nigeria (MAN) has raised concerns over the National Agency for Food and Drug Administration and Control’s (NAFDAC) recent clampdown on sachet and small-volume alcoholic beverages, warning that an outright ban could trigger unintended economic consequences

  The Central Bank of Nigeria (CBN) has granted a two-month temporary dispensation allowing banks to continue accepting expired National Agency for Food and Drug Administration and Control (NAFDAC) licences for import transactions. The apex bank announced that authorised dealer

  Workers in companies producing sachet alcoholic beverages have threatened to embark on a nationwide protest if the ban on sachet alcohol and PET bottles below 200 millilitres is not reversed. The workers, alongside some civil society organisations (CSOs), staged

  The Central Bank of Nigeria (CBN) has upgraded the operating licences of major fintech companies and microfinance banks, including Opay and Moniepoint, to national status, clearing them to operate across the country. Others that benefited from the upgrade include

  President Bola Tinubu and Shell Plc have begun high-level engagements aimed at securing a proposed $20 billion investment in Nigeria’s deep offshore oil sector, as part of efforts to boost foreign direct investment and expand energy production. The Chief