Tuesday, 14 April 2026
US-Iran peace talks collapsed Saturday, Trump ordered a Hormuz naval blockade, and oil jumped 7%, leaving Nigeria earning windfall crude revenue while citizens faced petrol approaching ₦2,000 per litre.
The World Bank forecast 4.1% growth for Nigeria in 2026 while warning the Iran war was squeezing incomes, as debt service consumed more than the combined health and education budget.
Tinubu asked ministers to "look into" fuel price mitigation in Bayelsa, while a TUC proposal to deploy windfall crude revenue to cut pump prices within two weeks remained unanswered.
Arsenal's lead fell to six points after losing to Bournemouth on Saturday and Manchester City beat Chelsea 3-0 on Sunday, with Guardiola calling the April 19 Etihad fixture a "final."
The Dangote Refinery imports more than 60% of its crude feedstock abroad, meaning the Iran war's price shock passed through to Nigerian pumps despite the insulation promised at subsidy removal.
Eghosa Ogbebor, 14, British-Nigerian, was shot dead in Woolwich on April 2 and a 16-year-old was charged with his murder on April 10, with two other suspects on bail.
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Publishing Editor: Adeyemi EKO
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