•A pot of jollof rice The average price of cooking a pot of jollof rice rose to ₦30,435 in March 2026, driven largely by global oil shocks linked to the Iran conflict, a report by the SBM Intelligence has revealed, showing a sharp escalation in Nigeria’s cost of living. In its Jollof Index Q1 2026 […]
The Nigerian National Petroleum Company Limited has raised the official selling prices of all 37 Nigerian crude grades for May-loading cargoes, according to a report by Oilprice.com. The report stated that Nigeria is reaping the benefits of the US-Iran war, as the NNPC increased the price of its flagship grade, Bonny Light, by $6.13 per [&hell...
•Taiwo Oyedele Contractors and officials of MDAs have called for action by the newly appointed Minister of Finance, Taiwo Oyedele, on backlog of unpaid government obligations. Stakeholders in the public and private sectors said the minister faces an immediate test of leadership, amid calls for intervention to address liquidity constraints thre...
•Keyamo and Oyedele The federal government has stepped up measures to address the rising cost of aviation fuel and the growing pressure on airline operators, as part of broader efforts to stabilise the sector and protect passengers from higher fares. This comes as the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele,...
•Atiku and Tinubu Former Vice President Atiku Abubakar and economists have raised concerns over President Bola Tinubu’s request for Senate approval of a fresh $516m external loan to fund sections of the Sokoto–Badagry Super Highway. The president had written to the Senate seeking approval for a $516,333,070 external loan to finance parts of th...
The Minister of Aviation and Aerospace Development, Festus Keyamo, yesterday, disclosed key federal government interventions aimed at reducing the financial pressure on airlines following rising concerns over the cost of Jet A1 fuel and the threat of service disruptions in the aviation sector. The minister made the disclosure after hours of me...
Nigeria’s electricity industry continues to grapple with serious safety concerns, with no fewer than 192 people either killed or injured in power-related incidents in 2025. Data released by the Nigerian Electricity Regulatory Commission shows that while there was a modest decline in overall casualties compared to the previous year, the numbers...
•Shipping Concerned stakeholders in Nigeria’s freight forwarding and clearing sector have unanimously called for an urgent review of the current tariff structure. They also seek stricter enforcement of local content laws and the introduction of new regulations to create a more balanced and inclusive operating environment, reports The PUNCH. Sp...
•Trade stock The federal government has banned the importation of poultry foods, cement, pharmaceutical and agricultural products from countries outside the Economic Community of West African States (ECOWAS). According to a circular by the federal ministry of finance, signed by Wale Edun, the minister of finance, dated April 1, 2026, the produ...
•Tinubu The federal government has released an updated schedule of prohibited trade items, signalling a firm stance on protecting domestic industries and managing foreign exchange. The revised import prohibition list, dated April 1, 2026, details seventeen major categories of goods strictly barred from entering the country through any port of ...

