General News
Nigeria’s Oil Jackpot: Brent Hits $100 Amid Iran Chaos – NFP to Rock Markets This Week

By Lukman Otunuga, Head of Market Research, FXTM
Oil benchmarks are heading for their best monthly gain since 1990.

FXTM
Rising concerns over supply shocks as the Strait of Hormuz remained effectively closed elevated oil benchmarks to triple digits. Given the ongoing conflict, oil prices remain fundamentally bullish with $100 a key psychological level for both Brent and Crude.
This is good news for Nigeria who is a net oil exporter. Higher oil prices should translate to currency gains, though global risk-off from the Iran conflict may offset some upside.
Globally, the week initially kicked off on a tense note after Iran accused the US of preparing for a possible land assault even as Trump sought talks to end the conflict.
This marked another dangerous turning point in the Iran war which entered its fifth week.
However, some optimism returned to markets on Tuesday after the Wall Street Journal reported that Trump told aides he was willing to end the war against Iran.
Nevertheless, repeated mixed messages from Trump and ongoing closure of the Strait of Hormuz could lead to more volatility as investors scramble to price the uncertainty.
Gold has shed almost 14% this month despite the risk-off sentiment.
Despite recent comments by Fed officials that eased rate hike bets, the precious metal has been punished by a broadly stronger dollar and diminishing bets around lower US rates.
Beyond geopolitics, it’s all about the March NFP report on Friday which will serve as a key gauge over the health of the US labour markets.
The outcome could shape expectations around the Fed at a time when surging energy prices are already complicating the outlook. Markets expect the US economy to have created 65,000 jobs in March compared to the -92,000 figure in the previous month.
Looking at the charts, $4600 remains a key point of interest for gold with a break above opening the doors toward $4700/$4800 and weakness below this level inviting bears to target $4450 and $4300.
Last Friday, USDJPY crossed above 160 for the first time since July 2024.
Back in 2024, this level was defended twice by the Japanese government. If history repeats itself and an intervention becomes reality, this could trigger an aggressive selloff on the USDJPY pair. The Iran conflict may fuel risk aversion, stimulating appetite for safe-haven assets like the Yen. Oil price volatility may also impact the Yen given that Japan imports 90% of its crude from the Middle East.
General News
Myitura Launches Women-Focused Healthcare Financing Solutions to Bridge Access Gap

In commemoration of Women’s Month, health-tech platform Myitura has released a new white paper addressing the critical gaps in healthcare financing for women in Nigeria.

Titled “Closing the Gap: Healthcare Financing for Women in Nigeria,” the report highlights how high out-of-pocket costs, limited insurance coverage, and socio-economic factors continue to prevent women from accessing timely healthcare.
According to the report, over 70% of healthcare expenses in Nigeria are paid out-of-pocket, disproportionately affecting women who often delay care due to financial and social constraints.
“When women can afford to take care of their health early, we don’t just save lives; we strengthen families, communities, and the economy,” said Chialuka Kelechi, MyItura’s Chief of Staff.
Key Insights from the White Paper:
- Preventable conditions often escalate due to delayed care
- Women are more likely to deprioritize their own health
- Affordable, structured healthcare financing can significantly improve outcomes
Introducing a Women’s Health Initiative
As part of its commitment, Myitura is launching affordable women-focused health packages (powered by Mediloan), starting at ₦58,180, designed to encourage preventive care and early detection.
The package provides access to:
- Fasting/Random Blood Sugar
- Urinalysis
- Electrolytes
- Urea
- Creatinine
- Pap Smear Submitted slides
- HIV I & II Rapid (Qualitative)
- Hepatitis B Surface Antigen Screening (Rapid)
- Hepatitis C Virus Screening (Rapid)
- Abdominopelvic Ultrasound
- Ongoing support via the Myitura platform
Access:
Women can access these packages by downloading the Myitura app, which makes healthcare more accessible and convenient.
Myitura is a health-tech platform focused on improving access to healthcare through financing, technology, and preventive care solutions.
General News
DBI Unveils Nigeria Digital Economy Outlook 2026: Q1 Report Highlights Strategic Trends, Risks

DigitalSENSE Business Intelligence (DBI), powered by ITREALMS Media, has launched the Nigeria Digital Economy Outlook 2026: Q1 Intelligence Report (Executive Edition), delivering vital insights for navigating Nigeria’s fast-paced digital landscape.

This executive summary spotlights trends, risks, and opportunities in telecommunications, fintech, digital infrastructure, policy shifts, and investment flows. It underscores digital transformation’s pivotal role in boosting economic growth, financial inclusion, and nationwide innovation.
DBI Publisher, Ogbuefi Remmy Nweke, emphasized its value for leaders: “This Executive Edition offers a sharp, strategic view of Nigeria’s digital economy during a pivotal moment. As the sector surges ahead, reliable intelligence is key to seizing opportunities and tackling risks.”
Key highlights include:
Broadband infrastructure expansion.
Surge in digital payments adoption.
Evolving regulations.
Investor pivot to sustainable, profitable ventures.
The report urges action on digital financial inclusion, infrastructure funding, skills training, and public sector digitization.
Freely accessible, the Executive Edition complements the premium Full Edition with in-depth analysis for executives and institutions. Stakeholders can request full access or briefings.
Media & Access Contacts:
Email: [email protected]
Website: www.itrealms.com.ng
General News
NASENI Renewable Energy Industrial Park Underway as Construction Gains Momentum

The on-going construction works at the National Agency for Science and Engineering Infrastructure, NASENI’s Renewable Energy Industrial Park, Gora, Nasarawa State is gathering momentum as the project is envisioned to address the country’s energy needs.

NASENI’s Renewable Energy Industrial Park, Gora, Nasarawa State
The project occupying a 40-hectare park designed as a multi-energy hub will help curb capital flight and save foreign exchange expenditure by enabling local production of key renewable energy components such as solar panels, mounting racks, wind systems and biomass technologies.
Speaking during an inspection visit on the project site on Tuesday, March 31, 2026, Special Adviser to the Executive Vice Chairman on Renewable Energy, Engr. Suyud Abdullahi Muhammad, who also serves as the Gora Project Manager, disclosed that the initiative is designed to significantly reduce Nigeria’s dependence on imported renewable energy equipment.
“There will be a wind assembly plant, small hydro power equipment production, and solar panel manufacturing; Renewable energy goes beyond just solar, and this park reflects that broader vision,” he said.
Abdullahi noted that the project aligns with NASENI’s goal of reducing energy poverty in Nigeria, where over 80 million citizens remain off-grid, while many connected to the national grid continue to experience inadequate power supply.
The Special Adviser also emphasised on the project’s industrialisation potential, highlighting its role in job creation and value chain development. The park is expected to generate 2,000 direct jobs, with an additional 50,000 indirect employment opportunities across supporting industries when completed.
“This initiative will localise the renewable energy value chain. Instead of relying on imports, Nigeria will begin to produce and eventually export these technologies, starting with the West African market and scaling up to the rest of the continent,” he added.
On sustainability and long-term viability, he revealed that the project is being executed in collaboration with private sector players, academia and other stakeholders, in line with NASENI’s “3Cs” principle of Creation, Collaboration and Commercialisation.
The ongoing construction is being handled by about 35 contracting firms, each handling specific components at varying levels of execution such as Multipurpose Halls for industrial productions, Research and Development (R&D) Centre, Knowledge Park, Energy Centre, Workshops, Researchers Lodge, Studio Apartments, Clinic, Restaurant, Wellness Centre, Solar Farm, Drivers Lounge, Gate House, Internal roads and drainage system and Fencing.
The Gora Renewable Energy Industrial Energy Park is considered a key component of the Federal Government’s Renewed Hope Agenda, aimed at strengthening local manufacturing, enhancing energy security and positioning Nigeria as a renewable energy hub in Africa.
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