•Trump and crude oil Global oil prices plunged by about 10 per cent today after U.S. President Donald Trump confirmed that the strategic Strait of Hormuz has been reopened to commercial shipping, easing fears of prolonged supply disruptions. The announcement followed a statement by Iran’s Foreign Minister Abbas Araghchi, who declared that the ...
Oil extended gains today as a US-imposed deadline for Iran to open the Strait of Hormuz or be “taken out” approaches. President Donald Trump threatened to order attacks on Iranian bridges and power plants and to rain “hell” on Tehran if it fails to comply with his deadline of 8 p.m. EDT Tuesday (0000 GMT […]
• A trader works at his desk on the floor of the New York Stock Exchange (NYSE) Oil prices spiked and stocks sank today after Donald Trump reiterated that US forces would hammer Iran for another two to three weeks but offered no solution to the closure of the Strait of Hormuz that has crippled […]
•Tinubu President Bola Ahmed Tinubu has signed an Executive Order directing the direct remittance of oil and gas revenues to the Federation Account, in a major fiscal reform aimed at curbing leakages, eliminating duplicative deductions and boosting revenues available to the three tiers of government. The order, which has been gazetted, was sig...
•Chairman of Revenue Mobilisation Allocation and Fiscal Commission, Mohammed Shehu The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disowned reports that certain disputed crude oil and gas wells have been recommended for ceding to specific oil-producing states, insisting that no such decision has been taken. In a statement...
•Tinubu and IMF logo Nigeria walked a fine line between applause and anxiety at the 2025 Annual Meetings of the International Monetary Fund (IMF) and World Bank, as the country’s reform momentum drew commendation from global financiers, while fiscal, debt, and oil-sector concerns triggered calls for vigilance and deeper discipline. The IMF, in...
Oil prices rose today as concerns about supply disruptions grew amid an escalation of the conflict between Russia and Ukraine. The market is also weighing whether the upcoming U.S. jobs data will lead to interest rate cuts, reports Reuters. Brent crude added 37 cents, or 0.54%, to $68.52 a barrel by 7:17 AM WAT, while […]
Oil prices today fell sharply to their lowest in more than a week. Brent crude futures were down $2.08, or 2.9%, at $69.40 a barrel around 7:01 AM WAT, after earlier tumbling more than 4% and touching its lowest level since June 11, reports AFP. U.S. West Texas Intermediate crude declined $2.03, or 3.0%, to […]
Oil prices stabilised today after surging the previous day on fears of a US intervention in the Israel-Iran conflict sparked by Donald Trump calling for Tehran’s “unconditional surrender”. Iran and Israel exchanged missiles for a sixth day, with the US President’s latest comments appearing to dent hopes that the crisis in the Middle East could...
•Governor Eno … flags off Int’l Convention Centre, Ibom Hotel Akwa Ibom State Governor, Pastor Umo Eno, has flagged off the reconstruction of the Ibom International Convention Centre and Hotels in Uyo, with a commitment to preparing the state for growth beyond oil. Speaking at the event held at the premises of the structures, he [&...
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