Zelensky said Iran willingly chose to become Russia’s accomplice by supplying Shahed drones and weapons. For Russia to use against Ukraine. He added that every act of terror and aggression ultimately meets a just response. And Iran just got theirs. Zelensky said Ukraine knows “all too well” what such escalation means. Iran is experiencing the […]Read More
Mar 06, 2026 The surge in oil and LNG prices as a result of the Middle East war is testing the resilience of the global economy once again, IMF Managing Director Kristalina Georgieva said on Friday. “The world economy has been remarkably resilient. Shock after shock, and yet growth is at 3.3%,” Georgieva told Bloomberg […]Read More
Mar 06, 2026 Oil prices surged again on Friday, putting crude on track for its biggest weekly gain in years as disruptions to Middle East supply and tanker traffic through the Strait of Hormuz rattle global energy markets. Brent crude was trading above $88 per barrel in early trading, up more than 4% on the […]Read More
… imagined effects on Nigeria’s oil and consumers An LNG market crisis, such as the March 2026 disruption in Qatari supplies, creates immediate global price shocks, intensified Asia-Europe competition for cargo, and severe shipping bottlenecks. It threatens to significantly increase energy costs, force fuel switching, and trigger supply shortages in import-dependent regions, similar to the […]Read More
Mar 05, 2026 The global LNG shipping market has turned sharply higher in recent days, with charter rates for modern LNG carriers surging from roughly $40,000 last week to around $300,000 per day as traders scramble to secure vessels amid escalating disruption in the Middle East. According to shipbroker Fearnleys’ latest weekly LNG report, cited […]Read More
March 4, 2026 President Bola Tinubu felicitates former president and elder statesman, Chief Olusegun Obasanjo, on his 89th birthday on March 5. The President rejoices with Chief Obasanjo, whose towering influence in the country, Africa, and beyond is significant. President Tinubu notes the courage and sacrifices of the elder statesman, who previously served the nation […]Read More
In order to allow the business to re-string the Benin-Ajaokuta 330kV line at Ihovbor, the management of Transmission Company of Nigeria, TCN Benin Region, has informed power customers in Benin City, UNIBEN, Oluku, Egba, and the surrounding areas of Ihovbor of the planned outage. The business informed the public of “a scheduled outage on Benin–Ajaokuta […]Read More
Ralph Gbobo, Managing Director of Shell Nigeria Gas (SNG), recently stated in Lagos that Nigeria can use its gas resources for industrialization if it achieves stable regulatory enforcement, fair pricing, and infrastructure ownership models in the sector. Speaking at the Lagos Section of the Society of Petroleum Engineers (SPE) Energy Week, Ralph stated that while […]Read More
Mar 04, 2026 QatarEnergy has declared force majeure on liquefied natural gas (LNG) supplies after suspending production at key export facilities, sending fresh shockwaves through global energy markets already rattled by the escalating conflict involving Iran. In a notice to buyers, the state energy giant said the declaration follows its decision to halt LNG and […]Read More
Mar 04, 2026 The all but halted flows via the Strait of Hormuz will deplete oil inventories in advanced economies, prompting a rise in oil prices, Goldman Sachs said on Wednesday as it hiked its second-quarter projections for Brent prices by $10 to $76 per barrel. The U.S. investment bank also raised significantly the forecast […]Read More
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