Author name: David Ryabchikov

Airlines threaten flight suspension over 300 per cent hike in fuel price

Airlines threaten flight suspension over 300 per cent hike in fuel price

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By Itohan Abara-Laserian Airline Operators of Nigeria (AON) has warned that fuel marketers are putting the aviation industry and the nation’s economy, safety and security at risk with persistent hike in the price of Jet A1, also known as aviation fuel. The airlines said this while indicating that are being forced to consider domestic flights […]

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No Fuel Relief, No Flights From April 20 — Airlines Operators Threaten Shutdown As Jet Fuel Hits ₦3,300

No Fuel Relief, No Flights From April 20 — Airlines Operators Threaten Shutdown As Jet Fuel Hits ₦3,300

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  April 15, (THEWILL) — Nigeria’s aviation sector is heading toward a complete shutdown as domestic airlines have warned that flight operations will cease nationwide from April 20, 2026, if the soaring cost of Jet A1 fuel is not addressed urgently. The Airline Operators of Nigeria (AON) issued the warning in a letter dated April

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Why is Donald Trump claiming Iran war ‘very close to over’ just before opening of US stock markets? Full explainer on Iran war, oil prices, Strait of Hormuz blockade, and US stock market outlook

Why is Donald Trump claiming Iran war ‘very close to over’ just before opening of US stock markets? Full explainer on Iran war, oil prices, Strait of Hormuz blockade, and US stock market outlook

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Why is Donald Trump claiming Iran war ‘very close to over’ just before opening of US stock markets? The Iran war has influenced oil supply, shipping routes, diplomacy, and global markets. The statement came in a television interview before US trading hours. It triggered discussion across financial and political circles. Investors track war developments closely

Why is Donald Trump claiming Iran war ‘very close to over’ just before opening of US stock markets? Full explainer on Iran war, oil prices, Strait of Hormuz blockade, and US stock market outlook Read More »

Crude oil prices will soon reflect the extent of this energy supply crisis, IEA warns

Crude oil prices will soon reflect the extent of this energy supply crisis, IEA warns

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Brent crude prices fell to $95 a barrel on Tuesday, while the West Texas Intermediate (WTI) is testing levels of $90 a barrel on Wednesday during early Asian trading, significantly below the early-war highs of $120 a barrel, as the market is hopeful of more talks between the US and Iran, which would ultimately lead

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Oil Price Gains Not Enough To Shield Nigeria’s Economy – IMF

Oil Price Gains Not Enough To Shield Nigeria’s Economy – IMF

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News Investigators/ The International Monetary Fund (IMF) on Tuesday said rising oil prices will provide some relief to Nigeria. The IMF, however, said that the relief would not be enough to shield the country from the broader impact of a global economic shock. The IMF’s Economic Counsellor and Director of Research, Pierre-Olivier Gourinchas, said this

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DBCC: Suspending excise taxes on gasoline, diesel, won’t provide ‘meaningful relief’

DBCC: Suspending excise taxes on gasoline, diesel, won’t provide ‘meaningful relief’

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Motorists queue at some gasoline stations in Manila on March 16, 2026 STAR / Ryan Baldemor MANILA, Philippines — The Development Budget Coordination Committee (DBCC) has determined that suspending excise taxes on gasoline and diesel would fail to provide “meaningful relief” to the public. In a statement released on Tuesday, April 14, the inter-agency body

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