Iran Threatens Oil Tankers as $200/Barrel Price Risk Emerges Iran has declared that it will not allow a single litre of oil to pass through the Strait of Hormuz for the benefit of the United States, Israel, or their allies,...

Turkish Airlines Warns of Nigerian Flight Suspension After Union Picketing Turkish Airlines on Wednesday said it may consider cancellation of its flights in Nigeria following picketing by aviation workers at the nation’s major international airports. Members of the National Union of...

Reps Intensify Oversight, Request Daily Updates on Alaoji Plant The House of Representatives Committee on Power has directed the contractor handling the upgrade of the Alaoji Power Plant to provide daily updates on the progress of the project as part...

Refiners Push for Local Crude Pricing to Stabilise Fuel Costs The Crude Oil Refinery Owners Association of Nigeria has called for the adoption of a domestic crude oil pricing framework that would allow local refineries to access crude at more...

External Debt Servicing Gulps $5.2bn in 2025 - Report  Nigeria spent about $5.21bn servicing external debt obligations in 2025, accounting for more than 72 per cent of the country’s total international payments during the year, data obtained from the Central...

Blackout Looms as Gas Firms Cut Supply Over N3.3tn Debt Nigeria’s electricity crisis may worsen in the coming weeks as gas suppliers halt supply to thermal power plants over an estimated N3.3tn debt owed by power generation companies, a development...