RismadarVoice Reporters, March 9, 2026
The ongoing US – Israel war on Iran is disrupting global markets, with potential implications to Nigeria’s economy.
Dollar Strengthens:
The US dollar has surged to its highest level since November 2025, driven by investor flight to safe assets. Analysts warn this could put pressure on the Nigerian Naira and increase the cost of imports.
Oil Prices Surge:
Brent crude surpassed $119 per barrel, driven by disruptions at the strategic Strait of Hormuz. Nigeria, as an oil-dependent economy may see fluctuations in revenue and fuel prices as global supply chains remain uncertain.
Stock Market Volatility:
Global equities outside the US have slumped, and Nigeria’s stock market experienced similar pressure. Banking and energy sectors are particularly affected, reflecting investor caution amid rising energy costs.
Emerging Markets Impacted:
Emerging economies, including Nigeria, face de-risking by foreign investors. Analysts note that capital flows may slow, affecting liquidity and investment in domestic markets.
Outlook:
The conflict is expected to keep energy markets volatile. Nigerian policymakers, investors, and businesses are advised to monitor developments closely as global oil and currency movements continue to influence the domestic economy.
