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S/Arabia Braces for Economic Ripples as Iran Crisis Hits Global Oil Trade

‎Saudi Arabia and global markets are entering a new phase of economic uncertainty as the ongoing crisis involving Iran sends shockwaves through the world’s energy markets, trading floors and supply chains. Analysts warn the disruption could mark one of the most significant tests of global oil stability in years.

Nigerian Equities Lose N1.4trn in One Week

The Nigerian equities market lost ₦1.4 trillion last week, reversing earlier gains as bearish sentiment dominated four of five trading sessions.  

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S/Arabia Braces for Economic Ripples as Iran Crisis Hits Global Oil Trade

‎Saudi Arabia and global markets are entering a new phase of economic uncertainty as the ongoing crisis involving Iran sends shockwaves through the world’s energy markets, trading floors and supply chains. Analysts warn the disruption could mark one of the most significant tests of global oil stability in years.

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S/Arabia Braces for Economic Ripples as Iran Crisis Hits Global Oil Trade

‎Saudi Arabia and global markets are entering a new phase of economic uncertainty as the ongoing crisis involving Iran sends shockwaves through the world’s energy markets, trading floors and supply chains. Analysts warn the disruption could mark one of the most significant tests of global oil stability in years.

Nigerian Equities Lose N1.4trn in One Week

The Nigerian equities market lost ₦1.4 trillion last week, reversing earlier gains as bearish sentiment dominated four of five trading sessions.  

OPEC+ Approves 547,000bpd Output Hike Amid Gulf Crisis

OPEC+ has agreed to raise oil output by 547,000 barrels per day in September 2026, as escalating conflict in the Gulf threatens to push crude prices higher.

FAAN Issues Travel Advisory Over Middle East Flight Disruptions

The Federal Airports Authority of Nigeria (FAAN) has announced flight cancellations and delays to Middle East destinations due to airspace closures.

Crude-Backed Loans of 2025 Oil Revenue Consumed N8.36trn

In 2025, approximately 14.66% of Nigeria’s total crude oil production was swallowed by the servicing of crude-backed loan facilities.

NGX Foreign Trades Plung by 75%

Foreign investor participation on the Nigerian Exchange (NGX) took a sharp dive in January 2026, plunging by 75.08% in just one month.

Nigeria Records N101.46trn Agric Turnover

Nigeria’s agricultural sector reached a massive turnover of N101.46tn in 2025, climbing from N96.46tn the previous year.

FG, AFC Seal $1.3bn Deal for Alumina Refinery, Others

The Federal Government and the Africa Finance Corporation (AFC) have signed a $1.3bn agreement to transform Nigeria’s mining landscape.

Dubai Airports Shut as Gulf Airspace Crisis Disrupts Global Aviation

‎Dubai’s status as the world’s busiest international aviation hub was abruptly disrupted on February 28 after authorities suspended operations at both Dubai International Airport and Al Maktoum International Airport amid escalating regional tensions and airspace closures across parts of the Gulf. ‎

Tinubu Hails Lebara Nigeria’s Launch, Says Telecom Sector Remains Key Economic Driver

President Bola Tinubu has welcomed the official launch of Lebara Nigeria, describing it as a strong vote of confidence in the country’s digital economy and its growing reputation as a leading technology and investment destination in Africa.

Lebara Enters Nigeria’s Telecom Market with 0724 Number Range

International mobile virtual network operator, Lebara, has officially launched operations in Nigeria, marking its entry into Africa’s largest telecom market with a promise of affordable international calls, high-speed data, and flexible prepaid plans.

‎S/Arabia Envoy Backs NAHCON on 2026 Hajj

‎The Saudi Ambassador to Nigeria, Yousef Albalawi, has pledged to strengthen collaboration with the National Hajj Commission of Nigeria (NAHCON) to ensure a seamless and successful 2026 Hajj operation for Nigerian pilgrims.
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