The African Democratic Congress (ADC) has asked the federal government to introduce a “temporary and time-bound cap” on petrol prices to prevent further increases that could worsen the cost of living for Nigerians. ADC’s spokesperson,…
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Oil prices surged on Monday well above $110 a barrel, in a sign of growing concern that the war in the Middle East will continue to take a toll on energy supplies. It was the first time in almost four years that the global oil benchmark,…
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The International Maritime Organisation (IMO) says no fewer than 3,000 vessels and 20,000 seafarers are stranded in Middle East over the ongoing war by the U.S. and Israel against Iran. The crucial Strait of Hormuz global shipping…
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The Nigerians in Diaspora Commission (NiDCOM) has released emergency hotline numbers for Nigerians in distress across the Middle East. This follows the tensions in the Middle East in the ongoing #IranWar and #IranIsraelWar In a notice…
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Crude oil prices surpassed the $80 per barrel mark following American and Israeli airstrikes on Iran, which rekindled fears about the oil market. The latest prices exceeded the Nigerian Government's 2026 budget benchmark of $64.85 per…
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A ballistic missile fired from Iran has hit the Al-Udeid base in Qatar, the largest U.S. military base in the Middle East, the Qatari Ministry of Defence said on Tuesday. The ministry said in a statement that the country had been…
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The Federal Government, through the Nigerian Christian Pilgrim Commission (NCPC), on Tuesday announced the immediate suspension of all pilgrimages to Israel due to the security situation in the Middle East The Executive Secretary of the…
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The Nigerians in Diaspora Commission, NiDCOM, said it is yet to receive any distress call from Nigerians residing in Iran, following ongoing hostilities between Iran and the United States and its ally, Israel. Recall that the Federal…
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Iran launched missiles at US military bases in Qatar and Iraq on Monday evening, official media reported, in what state TV called a “powerful” response to recent American strikes on key nuclear sites. “The operation of Iranian missiles…
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Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has advocated stronger economic ties with the Middle East and the Nigerian diaspora community in the region. Cardoso spoke on Monday at a meeting with Assistant Governor for…
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