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Nigeria has recorded an estimated oil revenue windfall of approximately N5.13 trillion within two months, as global crude prices surged sharply amid the escalating conflict between the United States and Iran, a development that has simultaneously delivered fiscal relief to the government and fresh economic hardship to ordinary citizens. International benchmark Brent crude…
The Federal Government will use this week’s IMF and World Bank Spring Meetings in Washington, DC, to lobby for lower borrowing costs and fairer global financial terms. This diplomatic push comes as the escalating US–Israel–Iran conflict disrupts energy markets and tightens capital flows to emerging economies. Finance Minister Wale Edun aims to convince global lenders…
The naira opened the second quarter with quiet resilience, trading at ₦1,385.27 against the dollar on Wednesday. This stability marks a departure from the frantic devaluations that once defined the Nigerian Foreign Exchange Market. Traders report a steady flow of greenbacks from autonomous sources, suggesting that private supply is finally meeting local needs. The market…
