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Oil prices drop on prospect of Middle East ceasefire easing supply disruption

March 25 (Reuters) – Oil prices fell ​around 4% on Wednesday on the prospect of a possible ceasefire easing supply disruptions from the key Middle East ‌producing region after reports the U.S. sent Iran a 15-point plan to end the war between them. Brent crude futures fell $4.89, or 4.7%, to $99.60 a barrel by 0335 GMT, after declining to as low as $97.57. U.S. West Texas Intermediate (WTI) crude futures were down $3.54, or 3.8%, at $88.81 a barrel, after falling to as low as $86.72. Both ​benchmarks rose …

BOI signs €50m agreement with EIB Global to boost healthcare delivery in Nigeria

Abuja, March 24, 2026 – The Bank of Industry (BOI) has signed a €50 million agreement with EIB Global, an arm of the European Investment Bank, to boost healthcare delivery in Nigeria. The deal is to support Nigeria’s efforts in  the manufacture of vaccines and pharmaceuticals products as well as reduce the country’s reliance on imported medical products.   Olasupo Olusi, the Managing Director of the Bank of Industry, announced the deal in Abuja on Monday during the Nigeria-EU Ministerial Summit. He described the partnership as a significant step toward …

Aiyedatiwa drives digital order in Ondo as Yomi Oyekan restores sanity in outdoor advertising space

Akure, March 24, 2026 – The outdoor advertising sector in Ondo State has taken a decisive turn from disorder to structure, and from analog practices to a more digital, accountable system. Under the leadership of Lucky Orimisan Aiyedatiwa, the Ondo State Signage and Advertisement Agency (OSSAA) has introduced reforms that are not only modernizing operations but restoring sanity across public spaces. At the forefront of this shift is Yòmí Oyékàn, whose proactive enforcement and stakeholder engagement have brought discipline to a sector once plagued by indiscriminate billboard placements and visual …

Iran war deals harder blow to natural gas than oil

By – Gavin Magure Littleton, Colorado, March 24, 2026 – At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz. But beneath that surface symmetry lies a critical imbalance. The global gas supply chain has fewer rerouting options and less storage capacity than the ​oil market – making the fallout for gas consumers considerably more acute. Key gas infrastructure – liquefaction plants in particular – is more complex and expensive to …

Abuja court jails former AGF, Nwabuoku, for 72yrs over N868m fraud

Abuja, March 23, 2026 – Chukwunyere Anamekwe Nwabuoku, a former acting Accountant-General of the Federation, has been sentenced to 72 years imprisonment by a Federal High Court in Abuja over N868.46 million fraud. He was convicted and sentenced for money laundering, after the court found him guilty of all charges levelled against him. The Economic and Financial Crimes Commission (EFCC) disclosed this in a post on its X handle on Monday. The statement reads: “The former Acting Accountant-General of the Federation, Chukwunyere Anamekwe Nwabuoku, who was prosecuted by the EFCC …

Oil prices slide, European stocks rebound on Trump’s Iran remarks

London, March 23, 2026 – Oil prices tumbled, and European stock markets rebounded on Monday in volatile trading as US President Donald Trump suddenly ordered a halt to strikes on Iranian energy infrastructure after claiming “very good” talks with Tehran. Crude futures plunged more than 14 per cent after Trump’s comments on his Truth Social platform, a sharp contrast to his threatening talk over the weekend. However, they later pulled back to trade down around nine per cent as Iran denied negotiations had taken place. “We need to wait for …

Iran denies negotiations with US after Trump announcement

Tehran, Monday, March 23, 2026 – Iranian media said on Monday there were no negotiations between Tehran and Washington after US President Donald Trump announced talks towards ending the war. “There are no talks between Tehran and Washington,” said Mehr news agency, citing Iran’s foreign ministry, adding that Trump’s statements were part of a push “to reduce energy prices.” Other media carried similar reports. The rebuttal follows a social media post that immediately sent oil prices tumbling. Trump said Washington and Tehran had held “productive conversations” over the last two …

US stock futures fall as escalating Iran conflict dims rate-cut hopes

Washington, March 23, 2026 – Mar 23 (Reuters) – U.S. stock index futures fell on Monday as the Middle ​East conflict intensified with energy infrastructure under threat, sending oil prices surging and pushing investors to ‌reprice U.S. interest rate cut expectations. Iran will attack Israel’s power plants and plants supplying U.S. bases in the Gulf if U.S. President Donald Trump carries out his threat to “obliterate” Iran’s power network, the country’s Revolutionary Guards said in a statement. Oil prices rose again, with U.S. crude ​futures up 3% to over $100 a …

CPPE calls for urgent, coordinated measures to cushion rising crude oil prices

Lagos, March 23, 2026 – The Centre for the Promotion of Private Enterprise (CPPE), has called on the federal government to introduce coordinated policy measures to cushion the impact of rising crude oil prices. The centre, a private think tank in Lagos, gave the advice in a policy brief signed by Dr Muda Yusuf, its Director-General, in Lagos on Sunday. It gave the advice against the backdrop of the rising international prices of crude oil caused by the ongoing U.S./Israel war on Iran. The centre said Nigeria’s latest CPI report …

Over 40 Middle East energy assets ‘Severely Damaged,’ by war – IEA

London, March 23, 2026 – More than 40 energy assets across nine countries in the Middle East have been “severely or very severely” damaged by the war, International Energy Agency Executive Director Fatih Birol said, potentially prolonging disruptions to global supply chains after the conflict ends. The damage means it will take some time for the oil fields, refineries and pipelines to come back online, Birol said Monday at Australia’s National Press Club in the capital, Canberra. More than three weeks of conflict in the Middle East have upended the …