Motorists and businesses across Nigeria are facing another increase in the cost of Premium Motor Spirit (PMS), commonly known as petrol, following fresh price adjustments by refiners, depot operators, marketers, and the Nigerian National Petroleum Company (NNPC) Limited. The latest increase has pushed petrol prices in several parts of the Federal Capital Territory (FCT) and […]
The Strait of Hormuz has long been regarded as one of the world’s most strategically important maritime chokepoints, carrying a significant share of global oil exports. However, growing geopolitical tensions involving Iran are prompting governments and energy markets to rethink their dependence on the narrow waterway. While Tehran has often viewed its influence over the […]
