TheGildNews

Energy & Infrastructure Mar 3, 2026

Global Markets React: Oil Surges, Stocks Slide After Iran Attacks

The sudden escalation of conflict in the Middle East has sent shockwaves through the global economy. On Monday, March 2, 2026, oil prices spiked by nearly 10% after major energy facilities in Saudi Arabia and Qatar were hit by drone attacks. While energy companies saw their stock prices rise, travel and consumer businesses faced a difficult day as investors moved their money into safer assets like gold.

Energy & Infrastructure Mar 3, 2026

Dangote Hikes Petrol Prices as Nigeria Faces Pump Costs of N1,000 Amid Global Crude Surge

As global oil prices rise due to tensions in the Middle East, petrol prices in Nigeria are expected to increase at the pump. This article looks at how international events and local refinery costs are coming together to change the price of fuel for everyday citizens.

Energy & Infrastructure Mar 2, 2026

Nigeria in the Global Oil Storm: Middle East Strikes Spark Price Surge

The world's oil market is facing a major storm following recent military strikes in the Middle East. As a result, the price of Brent crude oil has jumped to its highest level in six months. For Nigeria, this is a difficult situation; while the government may earn more money from selling oil, the cost of petrol at home could soon rise even higher.