The Journal seeks to become the most reliable, first-choice Pan-Nigerian information and public knowledge platform. The Journal Nigeria is a serious Journalism from an African Worldview
Petroleum marketers returned to naira transactions at the Dangote Petroleum Refinery on Wednesday after a week of dollar denominated pricing that unsettled Nigeria’s downstream market, but the relief arrived with a higher bill, as the refinery lifted its ex depot petrol price by N140 per litre. A notice issued by the refinery’s commercial department,…
American warplanes pounded targets across southern Iran again on Thursday while Tehran fired drones and missiles at United States bases and allies in the Gulf, driving the reignited war over the Strait of Hormuz into a punishing sixth day and reviving fears of a fresh global oil shock. The US military said it launched…
The United States dollar retreated against major currencies on Tuesday after a sharper than expected slowdown in American inflation weakened the case for a Federal Reserve interest rate increase this month, even as a fresh flare up between Washington and Tehran over the Strait of Hormuz kept crude oil prices elevated and markets…
Global oil prices have eased after a sudden intraday spike triggered by a fresh attack in the Strait of Hormuz. International benchmark Brent crude fell 1.80 per cent on Friday to trade at $74.11 per barrel for August delivery. The reversal followed a brief 4 per cent rally on Thursday after a merchant vessel came…
Global energy markets face immediate downward pressure after a breakthrough agreement in the Middle East. Brent crude plunged below the critical threshold of 80 dollars a barrel on Tuesday. Investors rapidly unloaded contracts following news of a diplomatic breakthrough between the United States and Iran. This sudden sell-off reflects a sharp drop in the geopolitical…
The World Bank could scale up financial support to as much as $100bn over the next 15 months to help developing countries withstand the economic fallout from the escalating crisis in the Middle East, the lender has announced, warning that the conflict risks pushing global growth to its weakest level since the COVID-19 pandemic….
Global crude prices tumbled as traders weighed erratic diplomatic signals regarding a potential peace deal to end the US-Israel war on Iran. Brent crude fell 5 percent on Sunday to stand at $98.47 a barrel for July futures. This represents a 9 percent drop over the past month. Despite the decline, global prices remain more…
Oil prices fell on Wednesday as Donald Trump signaled a possible deal with Iran. Brent crude dropped 1.7% to $108 a barrel, while American crude fell to $100.60. This shift reversed a week of gains caused by fighting in the Middle East. Markets moved after the White House paused “Project Freedom,” a military plan to…
Seven heavyweights of the OPEC+ alliance will add 188,000 barrels per day to the global market in June. Saudi Arabia and Russia led the group in a virtual meeting on May 3 to tweak supply levels. This small increase forms part of a wider effort to unwind voluntary cuts first made in 2023. The move…
Investors on the Nigerian Exchange added N26.5 trillion to their portfolios in April as the market hit a record valuation of N155.7 trillion. This surge marks a 20 per cent jump in the All-Share Index within a single month. Money is flowing back into the bourse because buyers trust the earnings power of Nigeria’s largest…
