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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Relief for Nigerians as oil prices slump on US, Iran ceasefire talks

OIL prices slumped on Wednesday as President Donald Trump agreed to a two-week ceasefire with Iran. The move came after talks with Pakistani Prime Minister Shehbaz Sharif, who urged Trump to delay any further U.S. military action while both sides continued to negotiate. The United States and Iran said Tuesday they had agreed to a two-week ceasefire […]

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Mar 09, 2026 post

Iraq’s oil output slumps 70% as Gulf shipping disruptions escalate

IRAQ’S crude oil output from its southern oilfields has dropped dramatically by about 70 percent since the outbreak of the U.S. and Israeli war with Iran. Production that previously averaged around 4.3 million barrels per day has now fallen to roughly 1.3 million barrels daily. An official from the state-run Basra Oil Company told Reuters […]