Category: Business
Oil Prices Surge as Iran Retaliates Against Fresh US Strikes
Oil prices climbed sharply as renewed US-Iran hostilities intensified fears of further disruption to shipping through the Strait of Hormuz, a crucial route for global energy supplies. Brent crude rose above $95 a barrel as Iran launched retaliatory strikes following fresh US attacks. A graphic illustration of barrels of crude oil Crude jumped more than…
Oil Prices Rise As Trump Issues Fresh Iran Warning, Stocks Mixed
Oil prices extended their gains while global stocks traded unevenly as tensions over Iran intensified, with the Strait of Hormuz remaining closed and Washington maintaining its counter-blockade of Iranian ports. A graphic illustration of barrels of crude oil Oil prices extended gains Tuesday amid fears of a fresh bout of military exchanges between the United…
Oil Prices Surge Above $90 As US-Iran Strikes Escalate
Brent crude has climbed above $90 per barrel after renewed US-Iran military strikes intensified fears of supply disruptions through the strategic Strait of Hormuz, while hopes for a diplomatic breakthrough appear to be fading. A graphic illustration of barrels of crude oil Oil prices jumped more than two per cent Monday, with the Brent international…
Dangote May Restrict Petrol Sales To Importers Over Quality Concerns
Dangote Petroleum Refinery is considering limiting petrol sales to major marketers that continue importing fuel, citing concerns over product quality, market transparency and the integrity of products sold under its brand. Dangote-Refinery • CPPE seeks tighter import controls as petrol inflows jump 234% in 60 days• Reps c’ttee told to allow NNPCL fix state-owned refineries…
Oil Prices Surge, Stocks Slide As US-Iran Strikes Renew Tensions
Oil prices climbed above $90 a barrel while stock markets weakened after the United States and Iran resumed military strikes, reigniting fears of a wider conflict and further disruption to shipments through the Strait of Hormuz. A graphic illustration of barrels of crude oil Oil prices spiked, and Asian stocks fell Monday as hawkish comments…
Nigeria Pushes to Turn Wasted Gas Into Economic Opportunity
Nigeria is intensifying efforts to capture and commercialise gas that would otherwise be flared, with the shift offering the potential to cut emissions while creating new revenue, jobs and broader economic opportunities for Nigerians. Nigeria maintained that its commitment to ending routine gas flaring by 2030. Nigeria’s climate challenge is increasingly being reframed for optimum…
Iran Struggles to Import Petrol as US Blockade Tightens
Iran is facing growing petrol shortages as a US naval blockade restricts access to fuel imports, with Tehran’s control of the strategic Strait of Hormuz further escalating tensions amid the ongoing conflict. A graphic illustration of barrels of crude oil Iran has been unable to import enough petrol to make up for insufficient domestic production…
FAAN Clears Bolt To Resume Operations At Nigerian Airports, Rejects Taxi Fare Claims
The Federal Airports Authority of Nigeria (FAAN) has approved Bolt’s return to airport operations while denying allegations that it fixed taxi fares, as discussions with other e-hailing platforms continue. File photo. The Federal Airports Authority of Nigeria (FAAN) said ride-hailing platform Bolt has been cleared to resume operations at its airports immediately, after the two…
Oil Prices Fall As Asian Stocks Rise On Fresh Hopes Of Middle East De-escalation
Oil prices extended their decline while Asian stocks edged higher on Wednesday as renewed diplomatic efforts between Iran and Oman eased fears of another military escalation and raised hopes for progress over the Strait of Hormuz. Oil prices extended a decline as Asian stocks edged higher Wednesday on receding concerns about another military flare-up between…
Iran Keeps Hormuz Closed Despite Talks On Temporary Transit Corridor
Iran says the Strait of Hormuz will remain closed despite ongoing talks with Oman on establishing a temporary shipping corridor, as Tehran demands an end to the war and U.S. economic pressure before reopening the vital waterway. This handout photograph taken and released by the Iranian Foreign Ministry on June 16, 2026, shows Iranian Foreign…
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Opeyemi Precious
Precious Opeyemi is an independent media entrepreneur, journalist, and the founder of Scoop Lounge. Driven by a commitment to credible, balanced, and high-impact journalism, she established the platform to deliver rapid-response news summaries across multiple global sectors. Read full
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