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, warning that escalating tensions in the Middle East could push...
Egypt has raised domestic fuel prices by up to 30%, citing “exceptional” global energy pressures caused by the ongoing Middle East war, which has disrupted oil supplies and shipping routes.
The Federal Government has suspended the enforcement and collection of helicopter landing fees for oil and gas operations for an initial period of two months.
The African Development Bank Group (AfDB) has launched a new aviation financing platform to unlock investment in Africa’s fast‑growing air transport market.
The Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit to N1,175 per litre, marking the third upward adjustment within a week.
The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded a sharp decline in revenue in January 2026, with earnings falling to N2.57 trillion from N4.82 trillion in December 2025.
Global financial markets faced a seismic shock on Monday as the intensification of the conflict between the United States, Israel and Iran sent crude oil prices soaring above $120 per barrel.
The Federal Airports Authority of Nigeria (FAAN) has issued over 100,000 airport access cards to motorists as part of efforts to implement the Federal Government's cashless policy at airport tollgates.