Global oil prices have surged past $100 per barrel. This increase is due to the escalating military conflict between the US and Iran. The rising tensions have sparked fears of supply disruptions.
Further details about the situation and its impact are available. The effects on certain countries are also being reported.
More information can be found through the provided link, including specifics on how the price increase is affecting Nigeria.
Local
***Experts call on FG to intervene to mitigate impact of petrol price adjustment ***Nigeria lacks barrels to maximise forex windfall — OPEC ***Expect higher diesel, transport, freight costs — ANALYST By Udeme Akpan, Energy Editor, Peter Egwuatu, Yinka Kolawole & Ediri Ejoh LAGOS ...
News
National Leader of the Nigeria Democratic Congress (NDC), Senator Seriake Dickson, has said he does not belong to either the Obidient or Kwankwasiyya political support groups, insisting that his allegiance is to the NDC. Dickson made the clarification during an interview on Arise...
business
A new report warns Nigeria oil revenue could drop by over 60% from 2030 due to declining global demand, risking major fiscal and economic instability. Read More: https://punchng.com/nigerias-oil-revenue-faces-60-plunge-from-2030-report/...
government
First Lady empowers 2,500 Imo women, adds N100,000 cash to beneficiaries By Emmanuel Iheaka OWERRI — First Lady of Nigeria, Senator Oluremi Tinubu, has appealed to voters in the South-East to support the re-election of her husband, President Bola Ahmed Tinubu, in the 2027 preside...
government
By Chidinma Chukwu, Abuja ABUJA — Ahead of the 2027 general election, President Bola Tinubu has urged Christian leaders to promote peace and responsible participation in the electoral process, warning against the use of the pulpit to incite violence or deepen divisions. Tinubu ma...
safety
A journalist has petitioned the police over a Lagos tenancy dispute, demanding a N570,000 refund from an estate agent for an apartment in Ikorodu. Read More: https://punchng.com/journalist-petitions-police-over-n570000-lagos-tenancy-dispute/...
safety
The Ogun State Police Command has launched a manhunt for a man accused of sexual assault after allegedly sodomising a 17-year-old boy. Read more. Read More: https://punchng.com/police-hunt-suspect-accused-of-sodomising-ogun-teenager/...
government
By Ayobami Okerinde The Charismatic Bishops Conference of Nigeria (CBCN) has endorsed President Bola Tinubu for re-election in the 2027 presidential election. President-General of the conference, Archbishop Leonard Bature Kawas, announced the endorsement on Wednesday while speaki...
News
The Federal Government, UNICEF, and ILO are collaborating to review the Nigerian Youth Employment Action Plan to upskill youths for 21st-century jobs. Read More: https://punchng.com/fg-groups-to-upskill-youths-for-emerging-employment/...
News
Nigerian star Alex Iwobi deletes all Fulham-related posts from his Instagram after being jeered by fans during a Premier League defeat. Read more. Read More: https://punchng.com/iwobi-deletes-fulham-posts-after-recent-jeers/...
business
Governors of Nigeria’s South-South region have committed to improving security and environmental restoration to boost sustainable economic development. Read More: https://punchng.com/improved-security-tops-govs-plans-for-ssouth/...
News
Nigerian Breweries Plc reports a strong H1 2026, posting N1tn net revenue, clearing all debts, and boosting cash generation by 264% to N73bn. Read More: https://punchng.com/nb-posts-n1tn-net-revenue-in-h1-clears-debt/...
