Oil prices soared following reports that the US is preparing for an extended blockade of Iran. US crude rose 7.6% to $107.52 a barrel on Wednesday, and Brent rose to $ 119.54 per barrel, up 7.44%.

The naira rose against the US dollar at the Nigeria Foreign Exchange Market (NFEM) amidst a significant surge in interbank turnover, according to daily FX data published by the Central Bank.

Equity investors posted N5.5 trillion in capital appreciation on the Nigerian Exchange (NGX) as bargain hunting heated up amid the first-quarter earnings release.

Dollar Strength Could Unwind if Oil Prices Fall Back – Fitch The strengthening of the…

The Federal Government (FG) says Nigeria loses about 24 million tonnes of topsoil annually due to erosion and land degradation, warning that the trend poses a serious threat to food security and climate resilience.

The Senate has approved a $516,333,700 syndicated financing facility for the construction of the Sokoto–Badagry Super Highway. This followed the consideration and adoption of the report of the Senate Committee on Local and Foreign Debts during plenary on Wednesday