If living costs worldwide were the same, oil production costs would fall significantly. A lower cost base would push crude prices down—potentially by over 50%—before market forces like demand and supply settle in.

By contrast, agricultural production costs in rural Africa would stay largely unchanged. Farm goods would hold their current prices, but rural workers would gain more purchasing power. Urban wages and city-produced goods would become cheaper, shifting spending power in favour of agricultural communities.

What Will An Equalized Cost Of Living Do To The Crude Oil And The Agric Sector?

How Would a Global Equal Cost of Living Affect Nigeria’s Oil and Agriculture?

Any extension of the Iran war threatens a severe energy shock and rising inflation across the global economy. Some nations are more exposed or less able to cushion the impact than others.

Major G7 players in Europe and Asia face high energy import dependence. Germany and Italy risk renewed manufacturing slowdowns. Britain’s gas-based power system may drive borrowing costs higher. Japan imports almost all its oil through the Strait of Hormuz, compounding existing inflation from a weak yen.

Key emerging-market heavyweights also feel the strain. Gulf states could see growth reverse if exports stall at Hormuz. India’s fuel bills and remittance flows are under pressure, leading to informal rationing in restaurants. Turkey has halted rate cuts and burned through reserves to defend its currency.

Finally, more fragile economies like Sri Lanka, Pakistan and Egypt may be forced into austerity measures to curb fuel costs. Cuts to public services, higher petrol prices and a plunging currency threaten to tip these countries closer to full-blown crises.

Which Economies Will Hurt Most From The Iran War  ?

Which Economies Stand to Suffer Most if the Iran Conflict Widens?

Discover the story behind Funke Akindele’s rise to the top of Nigeria’s entertainment scene. From humble beginnings to award-winning productions, she has crafted a powerful brand.

Explore the key strategies she used—strategic partnerships, savvy marketing, and creative vision—to grow her business beyond acting. Learn how she turned challenges into opportunities and what aspiring entrepreneurs can take from her journey.

Get actionable insights from one of Nollywood’s biggest names and start applying them to your own path today.

How Funke Akindele Built An Empire — Her Secret Strategy Finally Revealed

Funke Akindele’s Empire Unveiled: The Secrets Behind Her Success

Several African countries, including South Africa, Ghana and Kenya, are turning to Nigeria’s Dangote Refinery. Tightened fuel supplies from the Middle East followed disruptions linked to the ongoing Israel-US-Iran conflict and threats at the Strait of Hormuz.

Africa’s largest private refinery, built by Aliko Dangote, processes 650,000 barrels per day. It began operations in 2024 and quickly became a key source of refined fuel for the continent. Industry reports say demand is surging as governments negotiate supply agreements.

The situation highlights Africa’s longstanding reliance on imported petroleum. Until recently, Nigeria exported crude oil abroad for refining, then paid higher costs to re-import finished products. Today, domestic output meets about three-quarters of local demand, leaving limited volumes for export.

Analysts warn that one facility cannot close the continent’s fuel gap alone, especially since many nations lack strategic reserves. Governments are urging fuel conservation and exploring alternatives as competition intensifies. According to recent interviews, availability—more than price—is driving the current market squeeze.

Strait Of Hormuz Siege: South Africa, Ghana, Others Turn To Dangote Refinery

African Nations Rush to Dangote Refinery as Hormuz Crisis Strains Supplies

Nigeria’s headline inflation eased slightly to 15.06% in February 2026, down from 15.10% in January. Yet six states and the Federal Capital Territory still face rates above 20%.

Kogi led with 23.6%, followed by Benue at 22.9% and Anambra at 22.1%. The FCT posted 21.9%, Oyo 21.6%, Akwa Ibom 20.9% and Adamawa stood at 20.0%. Food costs drove much of the divergence, with Kogi’s food inflation hitting 26.9% against the national average of 12.12%.

All seven areas saw a rebound in month-on-month prices after January’s declines. Anambra recorded the fastest rise in all-items inflation at 4.1%, while food prices jumped as much as 6.6% in Anambra and 6.5% in Akwa Ibom. This reversal suggests structural price pressures remain strong.

Private sector representatives say the marginal easing offers little relief to households and small businesses. They argue the dip reflects seasonal demand rather than lasting improvements in supply or cost conditions.

Inflation Above 20% Persists Across Six States, FCT

Price Pressures Persist: Six States and FCT Record Over 20% Inflation in February

Fuel prices in Nigeria keep climbing, putting pressure on everyone’s budget. In this street vox pop, we asked everyday Nigerians how they’re coping with higher transport fares and the rising cost of goods.

Their honest, emotional responses show the real impact on daily life—from school runs to market trips. Watch their stories and share your experience with fuel price hikes in the comments.

How Fuel Price Is Affecting Nigerians ��  Street Vox Pop.

Street Reactions: How Rising Fuel Prices Are Hitting Nigerians

I used to think making money online in Nigeria was pure luck or a scam. I saw so many screenshots of earnings, but nothing worked when I tried.

I kept hopping from one trend to another. I chased fast cash without real effort. I followed noisy advice and dropped links without adding value. Worst of all, I never learned a solid digital skill.

Everything changed when I focused on one simple skill and mastered it step by step. That’s when real results began.

If you’re stuck trying to earn online, you might be making the same mistakes. Comment INTERESTED and I’ll share the exact approach that turned things around for me.

"5 Mistakes That Keep Nigerians Broke Online

5 Mistakes That Kept Me Broke Online—and How I Overcame Them

The Rivers State Internal Revenue Service (RIRS) has announced a full digitisation of its tax administration processes. This reform aims to boost efficiency, transparency, and ease of doing business in Rivers State.

Announced by Executive Chairman Sir Israel O. Egbunefu at the 2026 RIRS Breakfast Meeting with BusinessDay, the plan focuses on institutional strengthening and a technology-driven tax framework. Key priorities include eliminating revenue leakages, harmonising procedures, simplifying compliance, and improving dispute resolution.

Prof. John Ohaka of Rivers State University highlighted the new tax laws, effective January 1, 2026. He noted incentives and exemptions for Niger Delta businesses, plus digital payment and e-invoicing to reduce fraud and lower the overall tax burden.

Held on March 19, 2026, at the Presidential Hotel in Port Harcourt, the event underscored RIRS’s commitment to a fair, predictable, and investor-friendly tax system.

RIRS Pushes For Full Digitisation Of Tax System

RIRS to Fully Digitise Tax System, End Multiple Taxation in Rivers State

Data from a global energy portal shows that liquefied petroleum gas (LPG) in Nigeria traded at $0.674 per kilogram as of March 16, 2026. This price is higher than in major producers such as Saudi Arabia ($0.290/kg), Russia ($0.388/kg) and India ($0.648/kg).

Angola records one of the lowest LPG rates at $0.109/kg, while Azerbaijan stands at $0.091/kg. Even emerging economies like Paraguay and Georgia offer cheaper cooking gas, highlighting Nigeria’s unusual premium despite its oil output.

Affordability is further strained by wage gaps. The Saudi minimum wage equates to about $1,065 monthly, while Nigeria’s is roughly $49. In Russia, the floor wage is near $321 monthly, showcasing a stark difference in purchasing power.

Domestic costs rose again on March 17, when a major refinery lifted its LPG price to ₦800 per kilogram. The increase follows global crude price hikes and higher refining expenses, adding pressure on households that rely on gas instead of kerosene or firewood.

Cooking Gas In Nigeria More Expensive Than Saudi Arabia, Russia, India, Others

Why Nigerian Cooking Gas Costs More Than in Saudi Arabia, Russia and India

Nigeria’s petrol import bill reached ₦8.96 trillion in 2025 despite new local refinery capacity. This was a 41.9% drop from 2024’s record ₦15.42 trillion, but still 19.3% above 2023 levels after fuel subsidy removal.

Domestic refineries supplied 37.5% of the 18.97 billion litres consumed, while imports covered 62.5%. Quarterly data show imports falling in Q3 before a sharp 174.4% surge in Q4, accounting for nearly 40% of annual spending.

Analysts warn the imbalance between refining capacity and output strains energy security and foreign exchange. Concerns also swirl around licensing control under the Petroleum Industry Act and crude supply to the Dangote Refinery.

Experts urge a strategic petroleum reserve and better feedstock logistics to reduce import dependence and support Nigeria’s energy transition.

Nigeria Spends ₦9 Trillion Importing Petrol

Why Nigeria Still Spends ₦9 Trillion on Petrol Imports in 2025

DICON-D7G will build Nigeria’s first dedicated military jetty near Tin Can Island Port in Lagos. The facility is designed to boost defence logistics, strengthen local manufacturing and cut maritime costs.

According to CEO Osman Chennar, this “strategic national asset” will improve how Nigeria sources, assembles and exports defence equipment. He says it will reduce reliance on external logistics and lower turnaround times.

More than 7,000 direct jobs will be created once the jetty is operational. The workforce will include 2,000 retired senior officers and 5,000 skilled civilians—engineers, welders, drone specialists and logistics experts.

Slated for launch in June 2026 under the Renewed Hope Agenda, the jetty will support production of small and medium arms, tactical drones, unmanned systems and MRAP vehicles. DICON-D7G has already begun manufacturing DG103 rifles in Kaduna for domestic and African markets.

DICON-D7G To Build Nigeria’s First Military Jetty

DICON-D7G to Launch Nigeria’s First Military Jetty, Creating Over 7,000 Jobs

Daily Post reports some Abuja stations have reduced premium motor spirit to N1,280 per liter from N1,300 amid crude oil volatility.

NNPC Limited and MRS outlets now sell petrol at N1,261 per liter, N19 cheaper than Ranoil and Sharon stations.

Other retailers like AA Rano and Empire Energy still charge between N1,300 and N1,330 per liter.

Dangote Refinery’s gantry price remains at N1,175, while depot owners retail between N1,192 and N1,200. Brent crude peaked at $114 a barrel before easing to $107.

Businessnigerian Filling Stations Reduce Fuel Price

Nigerian Filling Stations Cut Petrol Price Amid Crude Oil Swings

I borrowed ₦800k and was asked to repay ₦949k in one month. I’ve always paid early, but this time I couldn’t meet the deadline.

I plan to clear the full balance by the end of next month. However, daily interest keeps piling up, and it may be hard to cover it all.

I’d like to know if I can appeal to the lender to accept just the original principal. Can they waive or discount the extra interest through negotiation?

Has anyone gone through this with the same lender? What was the outcome? I’m in a tough spot and need advice.

My Loan Experience !!! Read Me

Can I Settle My Loan by Paying Only the Principal Amount?

Family often becomes the biggest financial liability. In many Yoruba communities, successful individuals face a cultural expectation called black tax: ongoing support for extended relatives. While it acts as a social safety net, it can trap people in dependency and stall wealth-building.

When my niece asked for yet another handout, I took a different approach. I helped her secure a low-interest ₦1 million loan and guided her through a simple business proposal. Over three months, I mentored her using core entrepreneurship principles and classic wealth-building books.

By mid-2025, I learned she had diverted the funds to pay for surgery her father refused to cover. This sobering moment showed how easily opportunities slip away. The real takeaway is to balance genuine support with clear boundaries and accountability to break dependency and build lasting wealth.

Black Tax And The ₦1 Million Lesson: When Family Becomes The Ultimate Financial

My ₦1 Million Business Lesson

The United Kingdom and Nigeria have signed three landmark pacts on migration, border security and trade during President Tinubu’s state visit.

The new visa framework will ease business travel and boost investment. Migration procedures will be more transparent and dignified. Joint operations will focus on cracking down on fraud, scams and cybercrime.

A key initiative is a fraud fusion cell that brings together law enforcement, banks and tech firms to fight romance scams, investment fraud and cryptocurrency schemes. Officials say these measures will drive economic growth, enhance security and open fresh opportunities for businesses in both countries.

Source: a leading Nigerian news outlet.

Uk–nigeria Pact Targets Fraud, Eases Business Visas

UK–Nigeria Agreement to Simplify Visas and Tackle Fraud

Dangote Petroleum Refinery has set its ex-depot price for Premium Motor Spirit at ₦1,245 per litre, effective midnight on 21 March 2026. The coastal price was also increased to reflect current market conditions.

The extra ₦70 per litre aligns with rising global tensions that have driven up crude oil and freight costs. The refinery stated the revision covers all gantry and coastal volumes.

Marketers with valid bank guarantees can still lift products under previous arrangements, provided the guarantee balance covers the price difference. The company will issue debit notes to recover the cost differential, and payment evidence is due by 23 March.

The adjustment is expected to ripple through the downstream sector, pushing pump prices higher as marketers pass on the new rates.

Dangote Refinery Hikes Fuel Price To N1,245/litre

Dangote Refinery Raises Petrol Price to ₦1,245/Litre Amid Geopolitical Strains

Many people believe you need social media to make money online. I proved them wrong by earning ₦90,000 with a simple digital product and WhatsApp status.

I started by creating a short ebook that solved a common problem. Then I posted it on my WhatsApp status every day and reached out to those who viewed it one by one. Simple messages and clear offers built trust quickly.

I showed payment alerts as proof, priced the ebook affordably, and delivered it immediately after purchase. Consistent daily posts and fast delivery kept customers happy and generated word-of-mouth.

You don’t need a huge following or fancy platforms. A useful product, direct outreach, proof of results, and steady effort can add up to real earnings.

How I Made ₦90,000 Selling Digital Products Without Using Social Media

How I Earned ₦90,000 Selling Digital Products Using Only WhatsApp

I decided to test affiliate marketing in Nigeria for 30 days with no prior audience. I wanted to see if it really works beyond the hype.

In Week 1, I struggled with information overload. Traffic, conversion, offers—it all felt overwhelming. I almost gave up.

In Week 2, I picked one strategy: promoting digital products on WhatsApp and Facebook. There were no results yet but at least I was taking action. Week 3 brought my first commission after I shifted from hard selling to storytelling and value.

By Week 4, I was consistent and intentional. I learned that people trust real experiences more than sales pitches and that consistency beats perfection. By the end of 30 days, I had a few more commissions—proof that affiliate marketing can work if you treat it as a skill. My advice: start small, stay consistent, and focus on learning rather than just earning.

**I Tried Affiliate Marketing In Nigeria For 30 Days — Here’s What Happened**

30-Day Affiliate Marketing Journey in Nigeria: My Honest Results

I’ve noticed that many small businesses quietly struggle with inventory management, especially when they rely on notebooks or memory alone.

At first, manual tracking seems to work. But over time items go missing, some products run out unexpectedly, and others just sit on the shelf. Sales happen, yet there’s no clear record of profit.

Most of these issues aren’t due to carelessness. It’s the system that can’t keep up as the business grows. Simple habits—organizing stock, keeping consistent records, and noting what sells—make a big difference.

Lately, I’ve seen more shop owners adopt digital tools to ease tracking. It reduces guesswork and stress. Inventory control isn’t just about records—it’s about clarity on what’s happening in your business. How do you manage stock in your own venture?

� How To Manage Inventory In A Small Business

Streamline Your Small Business Inventory with Simple Tracking Habits

Starting a business in Nigeria is exciting but sustaining it is the real challenge. Many small ventures close shop within five years due to avoidable errors and harsh economic conditions.

Begin with solid financial management. Separate personal and business funds. Track every expense and plan for cash-flow gaps. Then validate your idea with thorough market research. Know your customers, study competitors, and set the right price before launch.

Control operating costs by managing electricity bills, logistics, rent, and security expenses. Develop a clear business plan and growth strategy. Invest in digital marketing and engage customers consistently.

Regularly review your records, adapt quickly to market shifts, and scale gradually. Entrepreneurs who plan well, manage funds wisely, and understand their market stand a far better chance of success in 2026.

Why Small Businesses In Nigeria Fail — And How To Avoid It

Avoid Common Pitfalls: Why Nigerian SMEs Fail and How to Thrive in 2026

Nigeria’s petrol remains one of the most affordable globally despite recent price rises. Industry figures show local pump prices at around N1,191 per litre, well below the global average of N1,787.

Key markets such as the United States, United Kingdom, France and Germany record significantly higher rates, and even neighbouring West African countries charge more per litre. This affordability is linked to Dangote Petroleum Refinery’s growing capacity.

Since subsidy removal in 2023, Nigeria’s deregulated market has been exposed to global crude and forex swings. Analysts say Dangote’s local refining output has cushioned consumers from sharper price spikes and supply disruptions amid Middle East tensions.

Domestic Refining: Petrol Price Lower In Nigeria Than US, UK, Ghana, Others

How Dangote Refinery Keeps Nigeria’s Petrol Cheaper Than Global Markets

Boardroom pay at MTN reached new heights in 2025. Nigeria’s Sanusi Lamido Sanusi topped local earnings with about N474 million in non-executive fees. Globally, he ranked fourth after South Africa’s Mcebisi Hubert Jonas (R9.61m), Terence Pennington (R6.34m) and Kenya’s Victor Rague (R5.56m).

The rand-to-naira conversion used a rate of R1 = N87.12 as at December 31, 2025. Sanusi’s R5.44 million translated into N474 million, making him the highest-paid Nigerian director on MTN’s board.

What’s your view on these figures? Share your thoughts in the comments.

Sanusi Lamido Earned Almost N474 Million As A Non-executive Director At MTN

MTN Board Fees 2025: Sanusi Lamido Sanusi Earns N474 Million

In 2026, digital tools and global connections make opportunity more accessible than ever. Yet countless people still struggle to build savings or wealth.

It isn’t just about how much you earn. Rising incomes can vanish through lifestyle inflation. Small daily expenses and unnoticed subscriptions quietly drain your funds over time.

Relying on a single paycheck adds risk. Diversifying income—even in small ways—can provide security when the unexpected happens. But knowing what to do and actually starting are two different things. Fear of failure and uncertainty often prevent people from taking that first step.

True change comes from smart habits and a proactive mindset. By tracking every expense, seeking multiple income streams, and embracing imperfect action, anyone can break the cycle of living paycheck to paycheck.

Why Many People Remain Broke In 2026 Despite Endless Opportunities

Why So Many Stay Broke in 2026: Mindset, Habits and Hidden Costs

The Federal Government has intensified high-level talks on a $20bn transcontinental gas pipeline to deliver Nigeria’s natural gas to European markets.

Spokesperson Louis Ibah said the corridor will transport up to 30 billion cubic metres annually from southern reserves through Chad and Libya to Sicily, Italy and beyond.

Minister Ekperikpe Ekpo and NNPC’s Olalekan Ogunleye highlighted investor readiness under the Petroleum Industry Act while project leader Roger Tamraz and other partners stressed its commercial viability and strategic importance for Europe’s energy security.

FG Advances $20bn Nigeria-europe Gas Pipeline Talks

FG Advances $20bn Nigeria-Europe Gas Pipeline Project

Union Bank of Nigeria customers have grown frustrated over repeated failed transactions and delayed refunds on the bank’s mobile app. Many report that funds are debited without reaching their intended recipients, leaving them stranded.

One customer, Micah, said he lost ₦500,000 after a transfer to GTBank failed. Despite providing all transaction details, he still awaits a refund 24 hours later. “My business depends on this money,” he said, expressing his concern.

As similar complaints mount online, customers are urging Union Bank to fix technical glitches and speed up its response process to prevent further financial disruptions.

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