The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to sanction fuel stations found to be cheating consumers by under-dispensing petroleum products. NMDPRA said the sanctions will include revocation of licences of retail outlet operators found to be under-dispensing petroleum products to consumers. The Authority, in an industry circular released on Tuesday, said …
Supply chain disruption caused by the U.S.-Iran war exposed the fragility of Nigeria’s fuel reserve safety net The global oil market crisis triggered by escalating geopolitical tensions in the Middle East during the first half of 2026 has unleashed a fresh wave of economic hardship across Africa, with Nigeria emerging as the continent's hardest-hit …
The International Air Transport Association (IATA) has projected that global airline profits are expected to reduce by half in 2026 due to disruptions caused by the Middle East conflict, which has led to a dramatic surge in jet fuel prices. In its latest outlook released on Sunday at the Annual General Meeting in Rio de …
The failure of the United States and Iran to secure a deal during their peace talks over the weekend in Islamabad, Pakistan, has reignited tensions in the Middle East and sent shockwaves through the global energy market, raising fears of a further fuel price surge in developing nations like Nigeria. The high-level talks in Islamabad, …
Mali’s military ruler, General Assimi Goita, has addressed the nation for the first time regarding the ongoing fuel crisis, warning of deadly risks faced by citizens and tanker drivers amid a blockade by a jihadi group. Speaking early this week during a visit to Bougouni in southern Mali to inaugurate a lithium mine, Goita said, …
Western nations have begun moves to evacuate their citizens from Mali as a deepening fuel blockade threatens to paralyse the country, ignite public anger, and weaken the ruling military junta’s grip on power. The United States on Thursday ordered non-essential embassy staff and family members to leave the country, joining Germany, Italy, and other Western …
The United States Embassy in Mali has told all American citizens to leave the country immediately. The warning follows growing terror threats and a crippling fuel crisis caused by a jihadi blockade. In a statement, the embassy urged Americans to take commercial flights out of Mali. It said travel by road is unsafe due to …
The Malian government has shut down all schools and universities across the country following a severe fuel crisis caused by a militant blockade. Education Minister Amadou Sy Savane announced on state television Sunday that classes would be suspended for two weeks. He explained that the fuel shortage has disrupted the movement of teachers and school …
Abuja residents are reeling under the weight of yet another energy crisis, this time, a sharp hike in both fuel and cooking gas prices that has left filling stations deserted, homes dark, and businesses struggling to survive. Over the past week, the cost of cooking gas in the FCT has surged from around ₦1,020 per …
Long queues have continued to form at fuel stations across Mali’s capital, Bamako, as residents struggle to access petrol amid an ongoing blockade by militants affiliated with al-Qaida. The crisis began in early September when members of Jama’at Nusrat al-Islam wal-Muslimin (JNIM) declared a blockade on fuel imports from neighbouring Senegal and Ivory Coast, targeting …
