Oil imports
Nigerian president Bola Tinubu weathers challenge to electoral victory but faces resistance from labor
The Presidential Election Petition Court (PEPC) has dismissed all petitions filed by the opposition challenging the victory of President Bola Tinubu in the February 25 polls. The ruling was issued in the midst of a two-day strike organized by the Nigeria Labour Congress against the government’s economic policies
European Union reaches agreement to ban Russian oil imports
The sanctions will immediately impact two-thirds of Russian crude oil imports which are transferred via the sea. Following opposition by Hungary, the remaining one-third which is supplied through the Druzhba pipeline is temporarily exempt