The Nigeria Auto Journalists Association (NAJA) has called on President Bola Ahmed Tinubu to urgently increase the supply of crude oil to domestic refineries as a strategic step to stabilise Nigeria’s rising fuel prices. The association said guaranteeing adequate crude allocation to local refining plants, particularly the Dangote Refinery, would significantly reduce the country’s exposure…
Nigeria’s push to soften the blow of rising petrol prices has received a major endorsement from the Association of African Automotive Journalists (AAAJ), following President Bola Ahmed Tinubu’s directive for the immediate rollout of 100,000 Compressed Natural Gas (CNG) conversion kits nationwide. The pan-African body of top automotive journalists described the presidential order as a…
Oil prices are on the rise, flirting with six-month highs, as a fiery showdown between the U.S. and Iran rattles the markets. After President Donald Trump warned Tehran that “bad things” could happen if a nuclear deal isn’t sealed, traders scrambled to brace for impact. Brent crude hovered at $71.58 a barrel, with U.S. West…
Oil prices gained more than 2% on Wednesday; buoyed by potential supply risks should tensions between the U.S. and Iran escalate, while draws of crude from key stockpiles suggested stronger demand. Brent crude oil futures were up $1.68, or 2.44%, at $70.48 a barrel by 9:54 a.m. ET (1454 GMT). U.S. West Texas Intermediate crude…
