THE CLUB NIGERIA DIDN’T BUILD

Economy

The UAE left OPEC. Here’s what breaks next. The UAE will leave OPEC on Friday. Not suspended. Not threatening to leave. Gone. After 55 years of membership, Abu Dhabi announced on Tuesday that its national interest now lies elsewhere. For oil markets, that news...

THE RALLY AND THE ROOM

Economy

The stock market hit a record. Ask who’s actually in the room. Nigeria’s stock market had its best week in years. Investors gained N5.51 trillion in five trading sessions. The All-Share Index closed at 225,722 points. An all-time high....

THREE NEW REFINERIES

Business, Economy

Nigeria’s next attempt to stop exporting its own wealth. Afreximbank announced this week that it is financing three new Nigerian refineries. The timing is striking. The same week the global arrangement that has defended crude oil prices for decades began to...

THE NUMBER

Economy

225,722 That’s where Nigeria’s stock market All-Share Index closed last week. An all-time high. The year-to-date return is 45 percent. Here’s what that means in terms that land. If you had N1 million in the NGX at the start of January, you have...

FOUR STARTUPS, 2,600 APPLICATIONS

Economy

Wednesday 22 April, 2026 Nigerian tech made it into Google’s most competitive African accelerator. Four Nigerian startups have been selected for the 10th cohort of Google for Startups Accelerator Africa. The cohort runs from April 13 to June 19, 2026....

THE ANNOUNCEMENT AND THE SILENCE

Economy, Business, Governance

Tuesday 21 April, 2026 The Nigerian government said it was buying a $75 million stake in Flutterwave. Then the tweet disappeared. Then Flutterwave said it had never heard of the deal. This is a story about how Nigeria governs its own ambitions. On Monday, a Special...