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Oil prices surged, and global equities retreated on Monday as the Middle East crisis entered a volatile new phase. Yemen’s Houthi rebels have formally entered the conflict, launching a barrage of cruise missiles and drones at strategic sites in Israel. This escalation, now in its fifth week, has stoked fears of a multi-front war involving…
The Federal Government has moved to extract Nigerians from Iran as the Middle East crisis deepens, escorting willing citizens across the Armenian border in what officials have described as the safest available route out of the country. The land corridor through Armenia has become the primary channel for evacuation after airspace over the region…
The cost of Premium Motor Spirit (PMS) surged to ₦1,300 per litre across Nigeria on Monday, as the fallout from the US-Iran war reached domestic pumps. The price jump followed a fresh adjustment by the Dangote Petroleum Refinery, which raised its gantry price to ₦1,175 per litre. This marks the third upward revision by the…
The Nigerians in Diaspora Commission has denied issuing a statement that no distress calls were received from Nigerians affected by the escalating crisis in the Middle East, clarifying that citizens abroad have in fact made enquiries about possible evacuation plans. The clarification was issued on Tuesday through the Commission’s official X handle in a statement…
The Middle East has entered a period of extreme volatility following a joint Israeli and American military operation against Iran. On the morning of Saturday, February 28, 2026, explosions rocked Tehran and several other major Iranian cities, including Qom, Isfahan, and Karaj. Israeli Defence Minister Israel Katz confirmed the “pre-emptive strike,” stating the objective was…
