Nigerian crude remained mostly stable but below the $70 mark as investors assessed the impact of Ukrainian drone strikes on key Russian refineries and export terminals, which could disrupt crude and fuel shipments.
Gold price has been predicted to reach $3,500 in the next three months amid deteriorating U.S. economic indicators, rising inflationary pressures, and intensifying geopolitical risks.
Gold prices climbed sharply on Monday morning, rising by over 2% as escalating geopolitical tensions and renewed tariff threats by U.S. President Donald Trump fueled demand for the precious metal as a safe-haven asset.
Despite the alarming rhetoric around the Russian-Ukraine crisis, there are still opportunities in the market.
Nairametrics spoke to some Nigerians residing in Ukraine and they expressed uncertainty and fear of the conflict turning out into a full-blown war.
The FG has urged Nigerian nationals living in Ukraine to remain calm but very vigilant and be responsible for their personal security and safety.
Ukraine's government websites and banks have been subjected to several cyberattacks as Russia escalates tensions in the region.
The Minister of State for Petroleum has disclosed that a much more comfortable oil price range for Nigeria would be between $70-$80.
