Finance

Yesterday, Nigeria and the United Kingdom sealed a d eal of £746 million ($990.09 million) export finance deal to support the redevelopment of two major ports in Lagos. The agreement was announced during a meeting between Prime Minister Keir Starmer and President Bola Tinubu at Downing Street, London. With this deal, the UK Export Finance will sign off the loans for the refurbishment of the Apapa and Tin Can Island port complexes.

Well, if you missed the gist, here’s what has been trending since this week.

It’s quite sad that the stock market is struggling right now, and this is because of the major conflicts in the Middle East, especially involving Iran. This conflict has disrupted oil supplies and pushed the prices of oil higher. Presently in Nigeria, petrol is selling for N1200-N1400 per liter. There is even news going viral that the petrol cost will be moved to N1620 per liter. Higher energy prices costs business to be slower and slows down economic growth, which scares investors and pushes stocks down. This is a big reason global market are weakening right now.

Those who take time to read and study lore. realise the superiority in mechanics amongst the rest.

Nigeria’s 2026 budget debate took a tense turn on Thursday, 20th February, when members of the Senate of Nigeria openly challenged the federal government’s economic team during a five-hour scrutiny of what lawmakers described as recurring unrealistic budget assumptions, mounting debt obligations, and weak capital releases. This followed deliberations on the proposed ₦58.472 trillion 2026 Appropriation Bill , which is set to be passed on 17th March 2026.

History was made in the Nigerian banking sector as it raised more than ₦4.05 trillion in fresh capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria (CBN), marking one of the largest coordinated capital mobilisation efforts ever known in the industry. This information was disclosed by the governor of the apex bank, Olayemi Cardoso, during the Monetary Policy Committee (MPC) briefing held two weeks ago in Abuja.

Buying stocks can be a really smart move for your future and you should consider buying some. Think of it like this, when you buy a stock, you’re automatically buying a tiny piece of a company. Whenever the company does well, the value of your piece i.e. your stock will go up, and you could make money. Over time, the stock market has gone up, which means that generally, the stocks have increased in value. Investing in stocks can help you build a long-term wealth. Investing in stocks can be a way to save for retirement or some other big financial goals. Some stocks pay dividends, which are the regular payments to shareholders, which even gives more income. Purchasing stocks can also help plan for the future because, money kept without investing it can make it lose value due to inflation, but stocks can help your money grow faster overtime.

You may have missed it in recent headlines, but starting in March 2026, Nigeria will begin exporting a newly developed light crude oil grade called Cawthorne , as an NNPC spokesman confirmed in London this week . The launch of this new grade stemmed from an effort to enhance oil output, following several years of underperformance in the sector due to operational challenges. This announcement followed the presidential executive order suspending NNPC's 30% deduction of frontier fees from gross oil revenue and requiring that all related earnings be remitted to the Federation Account.

On February 13, 2026, the assistant director of information and public relations at the Ministry of Finance, Uloma Amadi, announced through a statement that President Bola Tinubu had signed an executive order suspending the collection of management and frontier exploration fees by the Nigerian National Petroleum Company (NNPC). This new order requires that taxes, royalties, and profits of oil under Production Sharing Contracts will, from henceforth, be remitted to the appropriate federal fiscal authorities.

Every young, enthusiastic Nigerian has that one friend who just relocated or is currently processing their documents to move out. The search for greener pastures beyond Nigeria's borders has become more an act of survival than a choice. A survey conducted by Afrobarometer found that 56% of Nigerians have once considered emigrating, a figure that has tripled since 2017. Recently, migration policy has tightened, and most advocates are encouraging the youths to stay back and build since most developed countries have become less welcoming.

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