…important consideration alongside the vehicle’s price.Disruptions linked to the Middle East conflict have renewed concerns about exposure to unpredictable petrol and diesel costs, strengthening interest in alternatives.However, the decline in petrol-only cars does not mean fully electric vehicles now account for most g…

…downside risks. These include tighter global financial conditions, a prolonged Middle East conflict, insecurity, climate-related shocks and disruptions to oil production. It also singled out rising government spending ahead of the 2027 general elections as a major domestic risk. The report stated: “Nevertheless, the ou…

…Iran has effectively blockaded the Strait of Hormuz since the outbreak of the latest Middle East conflict in late February, raising concerns over the security of one of the world's busiest maritime oil and gas transit routes. No immediate response has been issued by the countries or shipping companies involved in the r…

…as it looked ahead to the second half of 2026 following disruptions caused by the Middle East conflict. The association made the call against the backdrop of the latest National Bureau of Statistics data, which showed that Nigeria’s headline inflation eased marginally to 15.91 per cent in June 2026 from 15.93 per cent…

…interest rates are too high, given the prevailing global conditions, especially the Middle East conflict, people hoping for a rate cut should exercise more patience.” The President of the Lagos Chamber of Commerce and Industry, Leye Kupoluyi, said businesses would benefit significantly from lower borrowing costs, notin…

…Nations to call for de-escalation. The Strait of Hormuz remains a flashpoint in the Middle East conflict, which began February 28 with US-Israeli strikes that killed Ali Khamenei, Iran’s supreme leader, who is to be buried in his hometown of Mashhad on Thursday. Since the attacks, Tehran has insisted on controlling the…

…bearish following a sharp decline in prices from the highs recorded during the Middle East conflict. The report stated that flows of jet fuel from Nigeria to Europe rose from 232,000 metric tonnes in May to 466,000 metric tonnes in June, the highest volume exported from the country to Europe since Nigeria became a net…

…government in Afghanistan. - 'Call for vengeance' - After five weeks of fighting, the Middle East conflict is on hold following an initial accord between Iran and the US. But Iranian officials have warned Tehran is ready to resume fighting if needed. "The nation's call for vengeance must ring in the ears of the whole w…

…are ready to flee again,” the 53-year-old said. Hezbollah pulled Lebanon into the wider Middle East conflict in early March when it fired rockets at Israel in retaliation for the killing of Iran’s supreme leader in US-Israeli strikes. A previous ceasefire meant to take effect in Lebanon in April was never honoured, wit…