Higher Oil Prices Could Ground African Airlines, Raise Food Prices - Dangote
Aliko Dangote, Africa’s richest man, has warned that surging oil prices driven by tensions around the Strait of Hormuz could devastate airlines and worsen food inflation across the continent.
Dangote spoke on Thursday during...
Price Drop Threatens Nigeria's Capital Projects Despite OPEC Quota Compliance
The Federal Government’s ability to meet up with its targeted revenue of N41trn to foot the 2025 budget is becoming a tall order with the instability in the global price of oil.
This is even as...
Brent Oil Price Nears 3-Month High, Reaches $76
Global oil prices held steady near a three-month peak yesterday, driven by strong demand from Asian refineries, which in turn boosted the value of certain Middle Eastern oil grades.
Brent traded near $76 a barrel after earlier Monday...
The price of oil ended a four-day losing streak by rising 1 percent on Friday, but fell for the week on concerns that strong US economic data would keep interest rates high.
