The average price of gasoline in the United States has surged to $4 per gallon, marking the first time fuel costs have reached that level since 2022, according to a report by CNN on Tuesday.

The Strait of Hormuz is not just a narrow stretch of water on the map; it is the pressure valve of the global economy. When it flows, markets breathe. When it is threatened, the world tightens. In the past month, following the United States and Israel’s strikes on Iran, that valve has been squeezed harder than at any time in recent history, revealing just how dangerously dependent the modern world remains on a single maritime corridor.

Nigeria has a $14bn annual infrastructure investment gap, according to Finance Minister Wale Edun, who said the government is seeking both domestic and foreign capital to bridge the shortfall.

Nigeria’s exports to China will enjoy zero-tariff access from May 1, 2026, following a new trade agreement between both countries.

Data from the National Bureau of Statistics (NBS) showed imports remained significant across all quarters, with values of ₦125bn in Q1, ₦117bn in Q2, ₦92bn in Q3, and ₦101bn in Q4.

The Dangote Petroleum Refinery has assured Nigerians of adequate fuel supply, but warned that it may export products if it continues to rely on imported crude.