Goddy Ikeh

Following the developments in the international oil market, the OPEC and OPEC+ members have announced an increase in oil output by 411,000 barrels daily, thereby abandoning strategy of price-driven production cuts.

The World Bank says that the poverty rate among Nigeria’s rural population has reached an alarming 75.5 per cent, highlighting deepening inequality and widespread economic hardship across the oil-rich West African country.

The President of African Development Bank (AfDB), Dr. Akinwumi Adesina, has issued a sobering warning on Nigeria’s economic trajectory, cautioning the country risks long-term stagnation unless it confronts its chronic infrastructure and power deficits head-on.

The Nigerian Gas Association (NGA) says that the Nigerian delegation to World Gas Conference (WGC) 2025 in Beijing, China, will be led by the Minister of State for Petroleum Resources (Gas), Mr. Ekperikpe Ekpo.

The Financial Reporting Council of Nigeria has reaffirmed that the Nigerian economy does not meet the criteria for classification as hyperinflationary, despite recent macroeconomic data from the International Monetary Fund and the National Bureau of Statistics indicating high inflationary pressures.

The Central Bank of Nigeria (CBN) has raised a total of N804.85bn at its Open Market Operations auction conducted on Monday, April 29, 2025, as investors continued to chase high-yield securities amid excess liquidity and elevated inflation expectations.

Nigerian government is on track to fully repay its International Monetary Fund Rapid Financing Instrument loan by 2029.

Ambassador Christopher J. Lamora completed his third visit to the Southwest Region, reaffirming the U.S. Embassy’s enduring commitment to peace, prosperity, and partnership with Cameroon.

A total turnover of 2.200 billion shares worth N75.409 billion in 70,329 deals was traded this four-day trading week by investors on the floor of the Nigerian Exchange.

The Chief Executive Officer (CEO) of the Ghana Cocoa Board (COCOBOD), Dr Ransford Abbey, has said that Ghana is set to announce a new price for the 2025/2026 cocoa season in August this year.