

OIL DROPS 20% FROM 2026 PEAK ON IRAN CEASEFIRE TALKS — ANALYSTS SAY $90–$100 RANGE AHEAD
Brent at $97, WTI at $87 as MoU negotiations progress; Iran strikes Kuwait despite talks; supply disruption persists Global oil prices retreated almost 20 per cent from their 2026 wartime peak last week, with Brent crude falling to around $97 per barrel and WTI to $87, as markets responded to diplomatic progress between the United States and Iran toward a 60-day ceasefire extension, though analysts cautioned that the underlying supply disruption from the Strait of Hormuz rema
2 min read


NIGERIA ATTRACTED $10.37BN IN FOREIGN CAPITAL IN Q1 2026 — BUT ONLY $135M WAS FDI
NBS capital importation data: 83.8% surge driven by portfolio money; factory-building investment barely registers Foreign capital flowing into Nigeria nearly doubled in the first quarter of 2026, reaching $10.37 billion, but an analysis of the data reveals that almost all of it was short-term portfolio money, while the direct investment that builds factories, creates jobs, and expands industrial capacity accounted for less than 2 per cent of total inflows. Total capital impo
1 min read


FG PAYS ₦700BN TO 1,240 CONTRACTORS — ₦436.6BN DISBURSED IN MAY ALONE
Finance Ministry targets SMEs and indigenous firms; ₦1.7trn budgeted in 2026 for full clearance The Federal Government has paid more than ₦700 billion in verified obligations to indigenous contractors since the beginning of the year, including ₦436.6 billion processed in May alone, the Federal Ministry of Finance announced Monday. The ministry disclosed that payment approvals covered more than 1,240 contractors across Ministries, Departments and Agencies, following a verifica
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