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 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….
Israeli Prime Minister Benjamin Netanyahu has ordered immediate air strikes on Beirut’s southern suburbs in response to persistent rocket and drone attacks. The directive, issued jointly with Defence Minister Israel Katz, targets the Dahiyeh district, a densely populated stronghold of the militant group Hezbollah. This military escalation effectively shatters the fragile ceasefire brokered in mid-April….
A fragile truce between the United States and Iran came under severe pressure on Friday after Iranian forces launched attacks on three American destroyers in the Strait of Hormuz, triggering US retaliatory strikes on Iranian military targets and raising fresh fears that weeks of painstaking diplomacy could unravel. Despite the exchanges of fire, US…
Nigerian petrol prices are climbing toward N1,400 per litre as a naval standoff in the Middle East chokes global supply. The failed ceasefire between the United States and Iran has kept the Strait of Hormuz closed, driving Brent crude from $105 to $118 per barrel in 48 hours. This volatility forced the Dangote Petroleum Refinery…
Rising energy costs and fractured supply chains are threatening to derail Japan’s fragile economic recovery. In its quarterly report released on April 6, the Bank of Japan (BOJ) warned that the war in the Middle East is beginning to squeeze regional businesses. Policymakers noted that while the domestic economy remains resilient, the closure of the…
Nigerian households face a fresh economic squeeze as the price of Liquefied Petroleum Gas (LPG) jumped 14.3% this month. A kilogramme of cooking gas now retails for N1,500 in many locations, up from N1,300 just weeks ago. This retail spike mirrors a sharp rise in the wholesale market, where the ex-depot price for 20 metric…
Global energy markets are reeling as the Middle East conflict enters a volatile new phase. Crude oil prices surged by nearly 6% on Thursday, climbing to $108.3 per barrel after Iran dismissed a 15-point US peace proposal. Tehran labelled the plan “unfair” and “skewed” toward American and Israeli interests. The rejection abruptly reversed a brief…
Fresh tensions in the Middle East have pushed global energy markets into uncertainty, as United States President Donald Trump publicly declared that Israel would not carry out further strikes on Iran’s key gas infrastructure, while warning of severe consequences if hostilities continue. The statement followed a sharp escalation involving Iran, Israel, and Gulf energy…
South Africa, Ghana, and Kenya have approached the Dangote Petroleum Refinery to secure emergency fuel contracts as the Middle East energy crisis threatens continental supplies. Bloomberg reported on Friday, 20 March 2026, that Pretoria is seeking a 12-month supply deal to insulate its economy from the fallout of the Iran-Israel conflict. The 650,000-barrel-per-day facility in…
The Nigeria Labour Congress has called on the Federal Government to deploy projected oil revenue windfall from the ongoing Middle East crisis to protect Nigerian workers and citizens from the economic impact of petrol prices that have surged to between N1,170 and N1,300 per litre across the country. In a statement issued Thursday by…
