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
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
Iran’s Islamic Revolutionary Guard Corps threatened on Thursday, 22 October 2026, to launch direct strikes against American military garrisons across the Middle East if Washington keeps encouraging commercial crude oil tankers to enter mined waters in the Persian Gulf. Naval forces loyal to Tehran struck four ships conducting fuel transfers within the last forty-eight hours,…
Asian equity markets stumbled across Sydney, Tokyo, and Taipei on Monday, 19 October, as acute investor dread over the crushing capital requirements of artificial intelligence completely erased early optimism from Beijing, where third-quarter economic growth beat forecasts at 4.5% alongside a resilient rebound in domestic retail spending. Tech euphoria now faces cold arithmetic. Fund managers…
Iran’s Islamic Revolutionary Guard Corps declared the Strait of Hormuz closed on Saturday after sea strikes hit three commercial oil tankers navigating the strategic chokepoint. The naval arm of the Guards singled out a vessel carrying two million barrels of crude oil, claiming the ship entered unauthorised waters without clearance from Iranian maritime controllers. Chokepoints…
Brent crude futures climbed two per cent to 106.80 dollars per barrel on Monday, 12 October, threatening to wipe out the federal government’s 30-day petrol price discount within days of its rollout. Escalating drone raids and naval clashes across the Middle East triggered fresh fears of supply bottlenecks through the Strait of Hormuz, pushing international…
Iran has promised a crushing military response after Donald Trump threatened unprecedented economic warfare to collapse its government. US Treasury Secretary Scott Bessent announced that Washington will unveil the most aggressive sanctions package in modern history on Monday. Major General Ali Abdollahi warned that Iranian armed forces stand ready across land, sea, air, and cyberspace…
Global crude prices surged further after diplomatic talks to reopen the crucial Strait of Hormuz stalled. Brent crude futures moved higher while U.S. West Texas Intermediate extended a 10 percent rally racked up over the past week. Energy markets reacted sharply as hopes for a quick diplomatic deal between Washington and Tehran vanished. The stalemate…
Global oil prices slipped below $80 a barrel as energy traders bet on a diplomatic breakthrough between Washington and Tehran. Brent crude fell to three-month lows following signs of an impending deal and the reopening of the Strait of Hormuz. Traders stripped away the heavy geopolitical risk premium that previously inflated energy costs. Additional crude…
Nigeria has emerged as one of the steadier performers in an unsettled global economy, with the International Monetary Fund choosing to leave its growth forecast for the country untouched even as it trimmed expectations for much of the world. The Fund retained Nigeria’s growth forecast at 4.1 per cent for 2026, holding firm despite…
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…
Tokyo has moved ahead of its international partners. Japan will begin releasing strategic petroleum reserves as early as Monday, Prime Minister Sanae Takaichi announced on Wednesday, in a unilateral step that signals the depth of concern in the world’s fourth-largest economy over a rapidly deteriorating energy supply outlook tied to the widening conflict in…