OBI

Following the recent hike in petrol prices due to the Middle East war, Civil Society Organizations and farmers have cautioned about the dire consequences on the economy and the Nigerian populace. The All Farmers Association of Nigeria's National President, Mohammed Magaji, requested that the Federal Government provide accessible and affordable fuel to farmers and Nigerians at a reasonable cost. He stressed that food production is contingent upon fuel availability. Magaji stated that without prompt action, farmers would face significant challenges, and food prices would escalate beyond Nigerians' purchasing power. He highlighted that the current energy crisis would inflate food production costs due to the use of petrol-powered engines for irrigation. Additionally, Magaji noted that transportation costs would increase, affecting commodity prices. He urged the government to maintain adequate petroleum supplies and regulate prices to ensure affordability. “Government should prioritize sufficient petroleum supply and implement interventions to keep prices affordable for the common man and farmers.”
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🚨The Latest: Iran launches drones at Saudi Arabia and Kuwait as US president sends mixed messages

Iranian fired drones towards Saudi Arabia and Kuwait early Tuesday as U.S. President Donald Trump sent contradictory signals about how long the war could last, fueling uncertainty that’s causing markets to swing.

The Saudi Defense Ministry said it has destroyed drones over the kingdom’s oil-rich eastern region, while in Kuwait, the National Guard said it shot some down in the county’s northern and southern areas.

Iran’s latest attacks on neighboring Gulf States come as Trump late Monday told Republican lawmakers that the war was likely to be a “short excursion,” but hours later threatened in a post on social media that the U.S. would dramatically increase attacks if Iran tried to close the Strait of Hormuz.


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🚨NewsDollar to Naira Exchange Rate Today, March 9, 2026: Naira Trades Around N1,391/$
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🚨Middle East crisis live: Mojtaba Khamenei chosen as Iran’s new supreme leader as finance ministers prepare to discuss surging oil prices
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🚨Lassa Fever: Nigeria records 82 cases, 20 deaths in one week– NCDC
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🚨Drone attack hits CIA station in Riyadh amid escalating Middle East tensions