Qatar’s Energy Minister, Saad Al-Kaabi, has issued a stark warning that oil prices could hit $150 per barrel if the ongoing conflict in the Middle East continues to disrupt vital energy supplies. This warning comes after conflicts sparked by a joint military attack on Iran led by the U.S. and Israel escalated, spreading through the …
President Bola Ahmed Tinubu has approved the posting of 31 non-career and 34 career ambassadors to various Nigerian diplomatic missions across the world and the United Nations. This was made known in a statement signed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Friday. The ambassadors-designate were earlier confirmed …
BudgIT Nigeria has raised fresh concerns over transparency and accountability in the proposed 2026 federal budget, warning that vague project descriptions and structural weaknesses could undermine legislative oversight and fiscal credibility. In a memo submitted to the National Assembly, the civic technology organisation said the lack of detailed explanations for several major budget line items …
The Rural Electrification Agency (REA) has stated that the Nigerian government's $750 million renewable energy programme is expected to act as a catalyst, generating an additional $1.1 billion in private sector investment. The REA Managing Director, Abba Aliyu, said this initiative is a cornerstone of Nigeria's strategy to significantly expand electricity access through off-grid solutions. …
The Central Bank of Nigeria (CBN) has been hitting the right notes lately with its effort to increase its reserves, which have now effectively crossed the $50 billion mark, the first time in 13 years. In the last 24 hours, the apex announced that it increased total gold holdings to $3.5 billion after taking delivery …
The ongoing controversy over the ownership of the Bosso campus of the Federal University of Technology, Minna (FUT Minna) between the Niger State Government and the university community has become a matter of serious public concern. As citizens who believe in good governance, transparency, and the peaceful development of our dear state, it is important …
The refinery says Nigerian crude oil more expensive than Brent crude Dangote Petroleum Refinery has explained why it increased its ex-depot price of Premium Motor Spirit (PMS), also known as petrol, by ₦100 recently. The refinery had earlier in the week, the refinery had raised its ex-depot price of petrol from ₦774 to ₦874 …
President Bola Tinubu, on Thursday, presided over a meeting that led to the resolution of a dispute between the Nigerian government, multinational oil giant ENI, and the Nigerian Agip Exploration Limited (NAEL) on the Prospecting Licence (OPL) 245. The resolution was sealed with a historic settlement agreement between the Federal Government, ENI, and Agip. According …
Nigeria’s economy faces a mix of gains and pressures from the ongoing conflict between the United States, Israel and Iran, with higher global energy prices expected to strengthen government finances even as inflation risks intensify. In a report released on Thursday, March 5, CardinalStone Research said the war, which began on February 28, 2026, has …
Giorgia Meloni says Italy is willing to provide defensive assistance to Gulf countries as tensions continue to rise in the Middle East. Meloni, speaking in a live interview with the Italian radio station RTL 102.5 on Thursday, said Italy does not intend to enter a war but could support Gulf states, particularly in strengthening air …
