By Kunle Odusola-Stevenson Geopolitical tensions in the Middle East are once again exposing a hard truth about global energy markets: supply disruptions, whether real or anticipated, travel fast and their consequences travel even faster. Shipping routes tighten, insurance premiums spike, and crude benchmarks react sharply to instability around strategic chokepoints like the Strait of Hormuz and the Red Sea. For import-dependent economies, these are not distant developments. They are immediate economic shocks. Nigeria, despite being Africa’s largest crude oil producer, remains acutely vulnerable. The country exports millions of barrels of…
Read MoreNIGERIA CONFRONTS REFINING GAP AS MIDDLE EAST TENSIONS RATTLE OIL MARKETS
