Ayomide Kuku

Crude Hits $106, Threatening Domestic Petrol Prices

Oil Surges Past $100 as Middle East Conflict Paralyses Shipping

Renewed Iranian attacks on energy infrastructure have pushed Brent crude back above $101, neutralising a record release of strategic reserves by the International Energy Agency (IEA). Despite the IEA dumping 400 million barrels into the market, the effective closure of the Strait of Hormuz has kept traders on edge. Roughly one-fifth of the world’s crude…

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Keyamo Orders Hybrid Payments at Airport Gates Following Tollgate Chaos

Keyamo Orders Hybrid Payments at Airport Gates Following Tollgate Chaos

The Federal Government has authorised the immediate introduction of a hybrid payment system at all airport access gates across Nigeria. This directive, issued by the Minister of Aviation and Aerospace Development, Festus Keyamo, takes effect from Friday, March 13, 2026. The new arrangement permits both cash and electronic payments, reversing the strictly cashless policy that…

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Lokpobiri Defends Petrol Costs Against Foreign Benchmarks

NMDPRA: Fuel Price Volatility Caused by Global Market Shocks

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has attributed the latest surge in fuel pump prices to the “vagaries of market forces” following the escalation of the US-Israel-Iran war. NMDPRA spokesperson George Ene-Ita stated on Sunday that under the current deregulated regime, the government no longer dictates prices. Instead, local costs are directly…

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Edun: 4% GDP Growth Insufficient to Break Nigeria’s Poverty Trap

Edun Defends Economic “Correction” Amid Revenue Shortfalls

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has dismissed fears of a fiscal collapse, describing Nigeria’s current economic turbulence as a necessary “fiscal correction.” In a detailed brief released on Friday, Edun argued that the administration is prioritising long-term sustainability over “short-term illusion.” The document, aimed at deepening public understanding…

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Shi’ite Protests Hit Northern States Over Attack on Khamenei

Shi’ite Protests Hit Northern States Over Attack on Khamenei

Members of the Islamic Movement in Nigeria (IMN) staged coordinated protests across Gombe, Bauchi, and Kano states on Sunday. The demonstrations follow unconfirmed reports of an attack on Iran’s Supreme Leader, Ayatollah Ali Khamenei, amid the widening Middle East conflict. Dozens of supporters marched through major northern metropolises, carrying placards and chanting slogans of solidarity…

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