Middle East

Business

Oil Prices Slip As Middle East Exports Rise, G7 Plans 100m-Barrel Reserve Release

Ogochukwu Onwaeze, THEWILL -
Oil prices fell on Monday as rising crude exports from the Middle East and plans by the Group of Seven (G7) to release 100 million barrels from emergency reserves eased concerns over near-term supply shortages.
Business

Dangote Refinery Emerges Nigeria’s Shield Against Middle East Oil Shocks — S&P

Ogochukwu Onwaeze, THEWILL -
May 26 (THEWILL) — The Dangote Petroleum Refinery has emerged as a strategic lifeline for Nigeria’s economy, with S&P Global Ratings describing the facility as a critical buffer against growing supply disruptions and geopolitical tensions in the Middle East. In...
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Middle East War: 36 CPs, N/East, N/west, N/Central Zones Placed on Alert for Violence

Felix Ifijeh, THEWILL -
March 02, (THEWILL) — The violence-prone Northeast, Northwest and Northcentral geopolitical zones of the country, in particular and the 36 states in general have been placed on security alert, following the ongoing war in the Middle East.   The development is...
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BusinessOgochukwu Onwaeze, THEWILL -

UK Backs Plan to Mobilise $750m Nigerian Pension Fund for Infrastructure

The United Kingdom has backed Nigeria’s plan to establish a $750m pension-led infrastructure investment fund to direct long-term retirement savings toward projects in energy, transport, and digital infrastructure.
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