March 09, 2026 The finance ministers of the G7 will discuss the possibility of releasing oil from storage in response to the price rally resulting from the war in the Middle East, media, including the Financial Times and the Australian Financial Review, have reported, citing unnamed sources. The emergency meeting of the officials, also involving […]Read More
Lagos, Nigeria; March 09, 2026: Ikeja Electric (IE) has joined the global community to celebrate International Women’s Day (IWD) 2026, reaffirming its commitment to gender inclusion, mentorship, and the advancement of women within the organisation and the broader society. The celebration, held as a hybrid session and themed “Give to Gain,” highlighted the power of […]Read More
Mar 09, 2026 Crude oil production from Iraq’s southern fields has dropped by 70% since the start of the U.S. and Israeli war on Iran, with the average daily production at 1.3 million barrels, compared with 4.3 million barrels daily before the war began. “Crude storage has reached maximum capacity, and the remaining output after […]Read More
Global crude oil prices are climbing amidst growing tensions in the Middle East. Consequently, NNPC and Dangote Refinery could be prompted to raise fuel prices in Nigeria once more. This development has sparked worries about a probable hike in the cost of petrol and other energy products in the near future. Recently, crude oil prices […]Read More
The Nigerian Electricity Regulatory Commission (NERC) has reported that electricity Distribution Companies (DisCos) collected a total of N207.49 billion from customers in December 2025. This information is detailed in the December commercial performance factsheet released on their website in Abuja. During December, the 11 electricity distribution companies billed consumers N258.66 billion. The report highlights that […]Read More
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
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