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The Business NG - April 17, 2026

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In this issue

Nigeria’s federal government is expected to see stronger oil revenue inflows after the country’s crude oil grades surged to about $113 per barrel on Thursday, outperforming the global benchmark Brent crude, which traded around $96 per barrel.
The rally in Nigerian crude reflects improved demand for West African oil grades and tighter global supply conditions, which have supported stronger pricing in the international market.
The development is seen as positive for government earnings, as crude oil remains Nigeria’s major source of foreign exchange and fiscal revenue.
Analysts say the price strength could provide short-term relief for the federation account, especially as higher crude prices typically translate into improved export earnings and budget

MTN Nigeria Suspends Air-time, Data Lending Service Over FCCPC Regulation

MTN Nigeria has temporarily suspended its airtime and data lending service known as \"Xtratime,\" following new compliance requirements introduced by the Federal Competition and Consumer Protection Commission.

1 mins

Court Orders Arrest of Ex-Minister Sadiya Umar Farouq Over Alleged N2.49bn Fraud

A Federal Capital Territory High Court sitting in Apo has ordered the arrest of former Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, over her alleged involvement in a 2.49 billion fraud case.

1 mins

FG Set for Revenue Boost as Nigerian Crude Rallies to $113/Barrel, Tops Brent

Nigeria's federal government is expected to see stronger oil revenue inflows after the coun-

1 mins

Read all Stories from The Business NG

The Business NG Description:

Publisher: Tuns-Media-&-Comm-Enterprise

Category: Newspaper

Language: English

Frequency: Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level