Nigerian NewsDirect

Oil prices drop to $89 per barrel on hopes for Iran talks

Crude oil prices fell toward $89 a barrel as fresh hopes for diplomatic talks with Iran eased supply concerns. Despite tightening U.S. sanctions and maritime enforcement in the Gulf of Oman that have sharply curtailed Iranian crude exports to around 0.3 million barrels per day, market sentiment softened on optimism that diplomatic channels could ease tensions between Washington and Tehran. The downward price movement reflects a market balancing immediate supply ...

Petrol imports rise by 9%, as Nigeria’s consumption falls in July

Nigeria’s petrol imports increased by nine per cent in July 2026 as domestic petrol supply fell sharply and national consumption declined by 25 per cent, according to the latest data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). The NMDPRA’s July 2026 Midstream and Downstream Statistics showed that imported Premium Motor Spirit (PMS), otherwise known as petrol, rose to an average of 19.7 million litres ...

Rivers govt postpones commissioning of air force base project

The Rivers State Government has postponed the commissioning of the newly completed Air Force Base Runway Project, earlier scheduled to hold Tuesday, August 25, 2026. The government, in a statement signed by the Secretary to the State Government, Dr. Dagogo Wokoma, said the commissioning ceremony has been rescheduled to Thursday, August 27, 2026. The event ...

Gateway airport: UN ambassador hails Abiodun for ‘talking to the future’

The Nigerian Ambassador to the United Nations, Senator Jimoh Ibrahim, has commended Ogun State Governor, Prince Dapo Abiodun, for executing strategic infrastructure projects designed to drive the state’s economic growth and position it for the future. Ibrahim gave the commendation on Monday during a visit to the Gateway International Airport, where he described the airport ...