Tag: #OilPrices
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DANGOTE SOUNDS ALARM: GLOBAL OIL TENSIONS COULD HIT NIGERIA HARD
From fuel prices to daily survival, Africa’s richest man warns the Middle East crisis could ripple into every corner of Nigeria’s economy. Business mogul Aliko Dangote has warned that rising tensions in the Middle East could trigger serious economic shocks for Nigeria and other African countries. Speaking after meeting with Bola Ahmed Tinubu in Lagos,…
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FUEL CRISIS BITES: OVER 400 GAS STATIONS SHUT DOWN IN PHILIPPINES
Soaring fuel prices are forcing hundreds of gas stations to close, raising fears of shortages and market manipulation. The Philippine National Police says more than 400 gas stations across the country have shut down operations as fuel prices continue to surge. PNP spokesperson Randulf Tuano revealed that closures have jumped sharply from 273 on March…
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TRUMP HITS PAUSE: HORMUZ STRIKE THREAT DELAYED AFTER IRAN TALKS
Just hours after issuing a military warning, Trump steps back—signaling a possible diplomatic opening in a high-stakes standoff. U.S. President Donald Trump has postponed planned military action against Iran’s energy infrastructure, extending his ultimatum by five days after what he described as “productive” talks with Tehran. The move comes days after Trump threatened strikes on…
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MIDEAST WAR SHOCKWAVES: GLOBAL ECONOMIC RECOVERY UNDER THREAT – SACCI WARNS
Rising conflict in the Middle East is rattling global markets and casting doubt on economic recovery plans worldwide. The South African Chamber of Commerce and Industry has warned that ongoing conflict in the Middle East is worsening instability in global financial markets and threatening economic recovery prospects in South Africa and beyond. In a statement,…
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MIDDLE EAST CRISIS: EXPERT URGES FG TO ACT FAST TO PROTECT ECONOMY
Rising global tensions could hit Nigeria’s economy hard—an expert says the government must move quickly before the impact deepens. An economic expert, Joe Nwakwue, has warned that Nigeria must act swiftly and strategically to shield its economy from the ripple effects of the ongoing Middle-East crisis. Speaking in Lagos, Nwakwue said the conflict is already…
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TRUMP TO RELEASE U.S. OIL RESERVES AS GLOBAL PRICES SURGE
U.S. President Donald Trump says the United States will release crude from its strategic petroleum reserve to help cool rapidly rising global oil prices. Speaking to Local 12 on Wednesday, Trump said the move aims to stabilise the market, adding that the reserves would be replenished later. “We’ll do that, and then we’ll fill it…
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FG WATCHING MIDDLE EAST TENSIONS, MOVES TO SHIELD NIGERIA’S ECONOMY
Nigeria’s Federal Government says it is closely monitoring the escalating geopolitical tensions in the Middle East involving the United States, Israel and Iran, while working to safeguard the country’s economic stability. The update followed a meeting of the Economic Management Team (EMT) chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale…
