[Scrolla] South Africa gets 80% of diesel from the Middle East since Iran blocked fuel exports through the Strait of Hormuz. Local fuel prices are rising because India added a new tax of R3.90 for every litre of imported diesel fuel.
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[Daily Trust] The Budget Office of the Federation has said Nigeria's continued borrowing to fund its budget should not be seen as a weakness, noting that many countries rely on borrowing to bridge fiscal gaps.
[This Day] The Dangote refinery, Africa's largest, has increased export of petrol and urea to African countries hit by supply disruptions caused by the Iran war, its owner, Aliko Dangote said yesterday.
[Premium Times] The Middle East conflict has triggered a sharp rise in global oil prices, forcing governments worldwide to adopt emergency measures to shield their economies.
[allAfrica]
[allAfrica]
[Premium Times] Abia and Rivers slump to joint last position with a 9 per cent score as the report flags weak audit transparency in three oil-producing states.
[This Day] There was a sense of relief in Nigeria's oil and gas sector at the weekend after senior workers at one of Nigeria's most prolific energy companies, Seplat, called off a strike action that would have negatively impacted Nigeria's efforts to raise oil production.
[This Day] Justice Ismail Ijelu of the Lagos State High Court, Ikeja, has directed the Economic and Financial Crimes Commission (EFCC) to conclude its prosecution within three months in the long-running N1.4 billion oil subsidy fraud case against Nadabo Energy Limited and its Managing Director, Abubakar Ali Peters.
[This Day] Abuja -- The Organisation of Petroleum Exporting Countries and its allies (OPEC+) have once again adjusted crude oil output among key producers, excluding Nigeria from the latest production increase as the group moves to stabilise the global oil market.
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