…Marketers Association of Nigeria (MEMAN), as rising global crude prices and mounting geopolitical tensions add pressure to the country's downstream fuel market.The MEMAN data also put the landing cost of diesel at N1,850.66 per litre, figures that are now broadly level with or above what most depots and the Dangote Ref…

…remain under pressure. Brent crude has recently traded above $93 a barrel, driven by geopolitical tensions linked to Iran and disruptions around the Strait of Hormuz. Movements in international crude prices typically feed into the cost of refined products and can set a benchmark for domestic suppliers.Marketers buying…

…International tourism showed resilience in the first quarter of 2026, despite mounting geopolitical tensions and rising economic pressures, with approximately 307 million tourists travelling globally, representing a two percent year-on-year increase, UN Tourism has said. According to the latest UN Tourism data, demand…

…MEMAN attributed the higher fuel prices to rising global crude oil prices driven by geopolitical tensions in the Middle East and disruptions to shipping through the Strait of Hormuz. Although crude prices eased in June, they remained above levels recorded at the beginning of the year. The association said the figures s…

…alternative production locations following disruptions caused by the COVID-19 pandemic, geopolitical tensions and supply chain shocks. She said despite rising protectionist rhetoric, about 72 per cent of global trade still takes place under WTO rules, underscoring the resilience of the multilateral trading system. Acco…

…oil prices drive higher costsGlobal oil prices have remained under pressure amid renewed geopolitical tensions in the Middle East, increasing the cost of crude procurement for refiners worldwide.As of Friday afternoon, Brent crude was trading at $97.76 per barrel, while West Texas Intermediate (WTI) stood at $89.87 per…

…international market. The rally in crude prices has been driven largely by heightened geopolitical tensions in the Middle East, raising concerns about possible supply disruptions. For the Dangote Refinery, which processes both Nigerian and imported crude oil, higher international crude prices translate directly into in…

…Policy Rate at 26.5 per cent when it meets on Monday and Tuesday, citing heightened geopolitical tensions and their potential impact on inflation. The stakeholders noted that Nigerian businesses would welcome a rate cut to ease borrowing costs and support investment, particularly in the manufacturing sector, which has…

…continue making decisions strictly on economic data,” he noted, explaining that “recent geopolitical tensions have delayed expectations of lower interest rates despite our earlier progress in bringing down inflation.” Reflecting on the country’s economic situation when the current CBN management assumed office, Cardoso…

…African countries to strengthen regional cooperation to improve economic resilience amid geopolitical tensions, climate challenges and rapid technological change. She said Africa should prioritise affordable connectivity, digital public infrastructure, digital skills and enabling policies for emerging technologies such…

…per barrel from Tuesday’s $84.94, but remained significantly above Sunday’s $76.01 as geopolitical tensions in the Middle East kept a sizable risk premium in the market. The latest price movement came as Iran threatened to widen disruptions to regional energy exports following a fresh wave of US military strikes on Ira…

…the $80 per barrel mark, signalling renewed strength in the oil market amid heightened geopolitical tensions and expectations of tighter supply. Latest market data showed that Brent crude rose by $5.43, or 7.32 per cent, to $79.59 per barrel, while West Texas Intermediate (WTI) gained $4.78, or 6.79 per cent, to $75.22…

…Dr. Jerry Igwilo, Co-Founder and Chief Executive Officer of Wynk Limited, said easing geopolitical tensions following the recent U.S.-Iran peace agreement could reduce inflationary pressures globally and create room for lower interest rates. He noted that several central banks have already begun easing monetary policy…

…are rethinking how they build economic resilience. Global supply chain disruptions, geopolitical tensions, and growing competition for strategic technologies have […]

The Nigerian government said it has secured fertiliser supplies for the 2026 wet farming season after an early procurement strategy enabled it to lock in prices before renewed geopolitical tensions in the Middle East disrupted global markets.