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Data by the Nigerian Upstream Petroleum Regulatory Commission shows that the cost of producing crude oil in the country has risen to about 40 dollars per barrel. 

Addressing Nigeria's rising crude production cost

The cost of importing goods into Nigeria is set to rise as the Nigeria Customs Service implements a new four percent charge on the Free On-Board Value of imports. 

Nigeria imposes 4% free on-board charge on imports 

Analysts say early rains in West Africa are beneficial for cocoa tree development, but putting pressures on cocoa prices. 

High cocoa prices impact chocolate makers outlook 

The Association of Bureau de Change Operators of Nigeria says the decision of the Central Bank of Nigeria to extend the Foreign Exchange sale period to May 30 will help in stabilizing the FX market. 

Will CBN's FX sales to BDC spur liquidity?

Okomu Oil Palm full year profit after tax grew 61.9 per cent, the oil palm processor also reported a 73.4 per cent revenue growth, primarily driven by local sales which grew 65 per cent and contributed 74.8 per cent to total revenue. 

Okomu Oil Palm FY PAT up 61.9% 

Maritime leasing company C and I Leasing reported a 75 per cent growth in its gross earnings to ₦37 billion. 

C & I Leasing reports 75% growth in gross earnings 

The aid industry is in a state of panic as reactions continue to trail President Donald Trump's stop-work orders, with funding for USAID cut as part of the executive orders signed in his first week in office. 

How Trump’s stop work orders impacts health outcomes in Africa?

Alliad has commenced the second phase of its hospital construction project in Côte d’Ivoire. 

Alliad commences $160mn phase 2 health infrastructure projects in Côte d’Ivoire

In January 2025, the naira experienced a remarkable 4.14 per cent appreciation, strengthening by 63 naira and 72 kobo against the US dollar. 

Can naira sustain positive run in 2025?

The Deputy CEO of Pan-African Payment and Settlement System, John Bosco Sebabi, says conversations are on with FINTECH and Mobile Network Operators regarding integration and inter-operability of payment systems in Africa. 

Sebabi: PAPSS ready to onboard fintechs

Nigeria's National Bureau of Statistics is to release the country's new rebased consumer price index and gross domestic product reports. 

Will Nigeria's rebased GDP reflect real growth?

Emmanuel Odiaka, the CEO of Ecob Capital believes the rebasing of Nigeria's Gross Domestic Product and updating the Consumer Price Index will reshape investors perception and economic policies. 

CBWA