Brent oil Saudi Houthi October 2026 reached more than 114 dollars a barrel a level not seen since May as fresh attacks on Saudi infrastructure lifted the geopolitical risk premium. Brent oil Saudi Houthi October 2026 is on track for a third straight weekly gain while West Texas Intermediate also moved higher. Houthi forces claimed…
Oil Prices Above $114 as Iran War Fears Raise Supply Concerns. Oil prices above $114 a barrel are increasing concerns about global energy supplies after fresh attacks in Saudi Arabia and escalating tensions in the Middle East pushed crude prices to their highest level since May. Brent crude futures rose by $1.14, or about 1%,…
Australia New Zealand interest rates are being weighed by both central banks as growth differs. Australia New Zealand interest rates show the Reserve Bank of Australia has already raised its cash rate several times in 2026 and markets price a chance of further tightening as underlying inflation stays above the 2 to 3 percent target….
APEC global imbalances warning came in a joint statement after meetings in Hong Kong. APEC global imbalances warning shows finance leaders of the 21 member economies including China the United States Japan South Korea Canada and Australia said the imbalances have persisted. They said “We note that global imbalances have persisted creating risks to growth…
Nigeria oil gas energy economy is supported by elevated global oil prices around 110 dollars per barrel. Nigeria oil gas energy economy shows elevated global oil prices support NNPC export values and overall federation revenue. Earlier reports noted crude exports and supplies to domestic refining. Dangote refinery has posted strong revenue and profit figures in…
Oyedele naira subsidy warning N4000 says the naira could fall to 4000 per dollar if fuel subsidy returns. Oyedele naira subsidy warning N4000 was issued by the Minister of Finance and Coordinating Minister of the Economy Taiwo Oyedele during briefings connected to the IMF World Bank meetings in Bangkok. He said if the President were…
Nigeria resource rich states IGR minerals analysis shows several states lag in revenue despite mineral endowments while Enugu surges. Nigeria resource rich states IGR minerals analysis shows several resource rich states including Yobe Sokoto and others lag in internally generated revenue despite mineral endowments. Enugu recorded the strongest IGR surge in recent years. Broader data…
Tinubu welcomes World Bank Nigeria Development Update saying reforms are delivering results with 4.2 percent growth in the first half of 2026. Tinubu welcomes World Bank Nigeria Development Update. President Bola Tinubu said the October 2026 report titled Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities confirms that the administration economic reforms are…
No return to fuel and FX subsidies says Oyedele as the Federal Government targets 7 percent growth. No return to fuel and FX subsidies says Oyedele. Finance Minister Taiwo Oyedele insisted that the government will not reverse the policies despite rising petrol prices and mounting pressure on households and businesses. Nigeria has ruled out a…
Brent crude hits 110 dollars a barrel on Middle East supply fears. Brent crude hits 110 dollars a barrel on Middle East supply fears. Brent settled at 109.86 dollars a barrel on October 16 after touching 110 dollars during the session for the first time since May. The price rose 3.94 dollars or 3.7 percent….
