Iran War

KEY POINTS Nigeria’s fragile progress in slowing inflation is facing renewed pressure as a fresh surge in fuel prices spreads across the economy, raising fears that the country could slip …

KEY POINTS Nigeria’s growing domestic refining capacity may improve energy security and reduce dependence on imports, but it cannot completely shield the country from fluctuations in global fuel prices, according …

KEY POINTS The Nigerian National Petroleum Company Limited, ,NNPCL, has increased its petrol pump price for the second time in less than 24 hours, following a gantry price hike by …

KEY POINTS Israeli warplanes on Saturday evening carried out airstrikes on oil storage depots and refining facilities in Iran’s capital, Tehran, according to reports by Israel’s public broadcaster. The attacks …

KEY POINTS The Dangote Refinery has raised the ex-gantry price of Premium Motor Spirit, petrol, to N995 per litre, marking a N121 increase from its previous rate of N874 per …

KEY POINTS Global oil prices have surged past $90 per barrel following the escalating conflict involving Iran, triggering fears of another wave of global inflation. The international oil benchmark, Brent …

KEY POINTS Global oil prices rose sharply on Tuesday as escalating tensions in the Middle East raised concerns about a prolonged conflict and the potential disruption of global energy supply. …

KEY POINTS • Iraq has sharply cut oil production because the Strait of Hormuz closure has stopped exports and tankers from reaching ports.• Major oilfields including Rumaila, West Qurna 2 …

KEY POINTS The International Monetary Fund, IMF, said Tuesday it is closely monitoring the unfolding turmoil in the Middle East, pointing to disruptions in trade, rising energy prices and growing …

KEY POINTS Oil marketers in Nigeria, PETROAN, are raising fresh concerns that the escalating military confrontation involving the United States, Iran and Israel could soon hit home in the form …