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The price increases come against a backdrop of heightened volatility in international energy markets, where crude oil prices have surged more than 25% since January due to disruptions in Middle Eastern supply chains.

Nigeria’s recent disinflation trend is facing a fresh threat as escalating tensions in the Middle East send global oil prices sharply higher, raising concerns that rising fuel and logistics costs could reignite inflationary pressures across Africa’s most populous nation.

The announcement comes as Zimbabwe, once barred from borrowing from the World Bank, African Development Bank and Paris Club creditors after defaulting in the late 1990s, inches toward rejoining the global financial mainstream.

African equities are outperforming global frontier markets in 2026, with Nigeria and Tanzania leading gains as commodity producers, financial firms and small-cap stocks power returns.
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Planning to make contactless payments? Cardtonic Introduces Platinum Card to…

Target Yield offers Nigerians a disciplined goal-driven investment structure with…

In Nigeria’s fast-evolving financial ecosystem, one persistent challenge continues to…

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Nigeria’s central bank auctions ₦1.05 trillion in Treasury bills as markets gauge investor demand and yield direction following the first policy rate cut of the year. We know the results this Thursday.

Nigeria rebounded strongly after a January dip ended its 13-month expansion streak, supported by higher new orders, improved affordability, and currency stability. Yet Uganda remained the continent’s top performer.

Taiwo will replace Doris Uzoka-Anite, who has been redeployed as Minister of State for Budget and National Planning, her third portfolio in the administration

Escalating US–Israel strikes on Iran are disrupting Gulf shipping routes and pushing oil prices higher, forcing costly maritime reroutes and exposing Africa’s dependence on imported fuel and goods.