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Saudi Arabian air defences intercepted and destroyed seven drones on Wednesday, March 11, 2026, as the “Epic Fury” conflict between Iran and the US-Israeli alliance spilled further into the Gulf. The Saudi Ministry of Defence confirmed that two of the unmanned aerial vehicles (UAVs) were specifically targeting the Shaybah oil field, a strategic Aramco asset…
The Nigerian Naira maintained a stable trajectory against the US Dollar during early trading on Wednesday, March 11, 2026. Data from the Nigerian Foreign Exchange Market (NFEM) and parallel channels show the local currency has successfully resisted pressure from corporate demand. The Naira opened the day at ₦1,397.00 and, by mid-morning, was quoted at approximately…
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…
The Dangote Petroleum Refinery has announced a sweeping reduction in the prices of petrol and diesel, effective March 10, 2026. In a move described by management as a reflection of “economic patriotism,” the gantry price of petrol (PMS) has been cut by ₦100, falling from ₦1,175 to ₦1,075 per litre. Diesel (AGO) saw an even…
In a significant blow to England’s future midfield depth, Borussia Dortmund’s Carney Chukwuemeka has officially switched his international eligibility to Austria. FIFA ratified the 22-year-old’s change of association late on Monday, clearing the path for the former Chelsea man to represent his country of birth at this summer’s World Cup. Austria, managed by Ralf Rangnick,…
Nigeria’s daily petrol consumption fell to 56.9 million litres in February, down from 60.2 million litres in January. New data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) reveals a cooling of demand alongside a sharp contraction in supply. Total domestic petrol supply plummeted to 39.6 million litres per day, a significant drop…
Global crude oil markets recorded their first significant decline since the escalation of Middle East hostilities, with benchmark Brent crude falling 8.45 percent to 90 per barrel and United States West Texas Intermediate (WTI) dropping 8.58 percent to 86.77 per barrel on Tuesday. The correction follows Monday’s dramatic surge that pushed prices past 100…
Controversial Kaduna-based Islamic scholar Sheikh Ahmad Abubakar Gumi has asserted that the Nigerian government maintains comprehensive intelligence on the identities and precise locations of terrorists operating within the country, claiming that security agencies accompany him during engagements with armed groups in forest hideouts. In an interview with DRTV that began circulating on Tuesday, Gumi defended…
President Bola Ahmed Tinubu has formally submitted the 2026 statutory budget of the Federal Capital Territory Administration to the Nigerian Senate, seeking legislative approval for an estimated N1.9 trillion spending plan focused on infrastructure, healthcare, education, and poverty reduction programmes. Senate President Godswill Akpabio read the President’s letter on the chamber floor during Tuesday’s plenary…
The Ruwais refinery in Abu Dhabi, described by state oil company Adnoc as the world’s fourth-largest single-site refinery, has halted operations as a precautionary measure following a drone attack on the nearby industrial complex, a source confirmed on Tuesday. The shutdown comes as Saudi Aramco’s chief executive warned that the escalating Middle East conflict could…
