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Lagos, March 11, 2026 – Dr Dayo Mobereola, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), has called for digital transformation to encourage more women participation in the maritime industry. Dr Mobereola made the call in Lagos at a regional symposium organized by NIMASA in collaboration with the Kofi Annan International Peacekeeping Training Centre (KAIPTC), Ghana. The theme of the symposium was “Digitalization and the Empowerment of Women in the Maritime Sector of West Africa: Opportunities, Challenges and Pathways.” Mobereola, who was represented by Chudi Offodile, …

Singapore, March 11, 2026 – Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency’s reported plan for a ​record release of oil reserves could offset potential supply shocks from the U.S.-Israeli conflict with Iran. Brent futures traded up 59 cents, or 0.7%, at $88.39 a barrel ‌by 0727 GMT. U.S. West Texas Intermediate (WTI) traded 98 cents higher, or 1.2%, at $84.43 a barrel. Both contracts extended losses in early Asian trade, after plunging more than 11% on Tuesday, despite U.S. crude prices leaping 5% at …

Akure, March 11, 2026 – The Ondo State government has begun a routine statewide enforcement exercise to sanitise outdoor advertising landscape and ensure full compliance with extant regulations. The Ondo State Signage and Advertisement Agency (OSSA) disclosed this in Akure on Monday via a statement issued by Yòmí Oyékàn, the Senior Special Assistant on Signage and Advertisement, The statement said the enforcement activity, which commenced across major towns and highways on Tuesday, included the removal of dilapidated advertisement structures, illegal campaign banners and unauthorised billboards. The exercise is also to …

Abuja, March 10, 2026 – The Nigerian National Petroleum Company Limited (NNPC Ltd) recorded N2.57 trillion revenue in January 2026. The figure represents a drop from N4.82 trillion recorded in December 2025. The company also posted N385 billion profit after tax in January. The NNPCL reported this in its January 2026 Monthly Report Summary released on Monday,   The report said the decline in revenue during the month was in spite of increased crude oil production level to 1.64 million barrels per day and increased natural gas output to 7.283 …

Lagos, March 10, 2026 – The FCMB Group Plc has successful completed its capital raise programme for First City Monument Bank Limited. The group disclosed this on Monday in a statement to the Nigerian Exchange signed by Ladi Balogun, the Group Chief Executive. It said it had received all requisite approvals from the Central Bank of Nigeria, the Securities and Exchange Commission as well as the National Pension Commission. The group achieved the additional capital injection through two primary financial instruments – the 2025 Public Offer through which it raised …

Abuja, March 10, 2026 – The U.S. Embassy in Abuja has informed U.S. citizens of a possible terrorist threat against U.S. facilities and U.S. affiliated schools in Nigeria.  According to an advisory it issued on Monday, the embassy advised that U.S. citizens should take additional precautions when traveling to the U.S. Embassy, the U.S. Consulate General in Lagos, and U.S. affiliated schools, to include varying times and routes.  “Increasing awareness of your surroundings, avoiding predictable routines, and reviewing general security precautions with your family can help reduce your risk. It advised …

By Mike Dolan London, March 10, 2026 – Central banks are clearly watching the Iran war oil sock like hawks. But even if inflation is their main concern, it’s not the only one – and a worst case for some top policymakers is that the crude price surge proves a breaking point for multiple financial stress fractures. The surge in oil prices, driven by supply disruption from more than a week of war in the Middle East, is already challenging central banks’ stretched mandates.  An age-old question is ​whether oil spikes …

Dubai, March 10, 2026 – Saudi Arabia’s Aramco, the world’s top oil exporter, said on ‌Tuesday that there would be “catastrophic consequences” for the world’s oil ‌markets if the Iran war continues to disrupt shipping in the Strait of Hormuz. The ​disruption has not only upended the shipping and insurance sectors but also promises to have drastic domino effects on aviation, agriculture, automotive and other industries, Aramco CEO Amin Nasser told reporters on an earnings call. Nasser noted ‌global inventories of oil were ⁠at a five-year low and said the …

London, March 10, 2026 – Oil tumbled after US President Donald Trump said the Iran war will end soon, as he faces mounting pressure over the conflict that’s upended global energy markets and sparked concerns about an inflation crisis. Brent and West Texas Intermediate both tumbled more than 10% before clawing back some losses, after a dramatic session on Monday that saw extreme price swings. Trump’s efforts to calm the market prompted crude futures to retreat on Tuesday — on top of resolving the war, he would waive oil-related sanctions …

Singapore, March 10, 2026 – Oil prices surged around 25% on Monday to $119.50 per barrel, their highest since mid-2022, with Brent on track ‌for a record one-day gain, while gold fell 2% as an escalating Iran war squeezed world energy supplies, boosted the dollar and dampened hopes of interest-rate cuts. Agriculture markets, led by edible oils, rose as they took their cue from oil prices due to the extensive use ​of vegetable oils in making biofuels. Aluminium firmed on supply worries even as other metals faced headwinds from ​a …