NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Inflation rises to 15.93% as CPPE links pressure to Middle East tensions

NIGERIA’S headline inflation rate rose to 15.93 percent in May 2026, marking the third consecutive monthly increase this year, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS) on Monday. The figure represents an increase from the 15.69 percent recorded in April 2026, although it remains significantly […]

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May 25, 2026 post

Oladipo Ajayi: Middle East tensions are sustaining Nigeria’s high bond yields

HEAD of Fixed Income at Chapel Hill Denham, Mr Oladipo Ajayi, says persistent geopolitical tensions in the Middle East are preventing Nigerian bond yields from easing, despite expectations that rates may moderate later in the year. Speaking during an interview on ARISE News after the decision of the Monetary Policy Committee (MPC) to retain key […]

Apr 24, 2026 post

Oil price tops $107/barrel amid intensifying Iran tensions

OIL prices continued their upward momentum for a fifth straight session, with Brent crude reaching $107.1 per barrel, while West Texas Intermediate traded at $97.45 at the time of reporting, Oilprice.com reported. According to Bloomberg, the sustained rally is linked to recent social media remarks by United States President Donald Trump, which signal that any […]

Apr 16, 2026 post

Iran war: IMF unveils $50bn plan for Nigeria, others as oil nears $100 again

THE International Monetary Fund on Wednesday revealed it is considering a financial support package of up to $50 billion to help Nigeria and other vulnerable economies absorb the economic shocks stemming from heightened geopolitical tensions in Iran and the Middle East. The move comes as fears of supply disruptions continue to unsettle global energy markets. […]

Mar 30, 2026 post

Powell signals Fed will take cautious approach to interest rates amid Middle East tensions

FEDERAL Reserve Chair Jerome Powell said Monday that U.S. monetary policy remains on stable ground, but the central bank will adopt a ‘wait-and-see’ stance regarding interest rate adjustments as the economic impact of the ongoing Middle East conflict unfolds, according to Oilprice.com Powell emphasised that it is “too early to determine” the full extent and […]

Mar 23, 2026 post

Trump’s 48-hour Iran warning heightens market anxiety

CRUDE oil prices started the week on a stronger note in early Asian hours as geopolitical tensions between the United States and Iran intensified over the weekend, with US President Donald Trump’s 48-hour ultimatum on Strait of Hormuz rattles markets. Market movements jumped on Monday on the underlying risks. U.S. benchmark WTI rose by 0.94 […]

Mar 19, 2026 post

Oil surges to $114 as Middle East strikes shake global markets

GLOBAL oil prices jumped sharply after fresh attacks on energy infrastructure linked to escalating tensions between Israel and Iran. Brent crude rose 6.24 percent on Thursday, reaching $114.08 per barrel, its highest level since May 2022. US benchmark West Texas Intermediate (WTI) also gained, increasing by 0.97 percent to $96.33 per barrel. The rally followed […]