News
Risk institute (CRMI) warns of market turbulence following OPEC exit
The Chartered Risk Management Institute of Nigeria (CRMI) has raised an alert over emerging geo-economic risks following the United Arab Emirates’ decision to exit the Organization of the Petroleum Exporting Countries (OPEC), effective May 1, 2026.
In a policy advisory signed by its Registrar and Chief Executive Officer, Mr Victor Olannye, the institute described the development as a major shift in global oil governance with far-reaching implications for energy markets and economic stability.
CRMI warned that the exit could trigger increased market volatility, geopolitical tensions, and disruptions across global energy supply chains. It advised corporate bodies, public institutions, financial organisations, and risk professionals to urgently reassess their risk exposure and strengthen resilience frameworks.
The institute listed several key risks, including a potential weakening of OPEC cohesion, heightened oil price instability, geopolitical uncertainty, supply chain disruptions, macroeconomic shocks, and the possibility of other member states reconsidering their participation in the bloc.
For Nigeria, CRMI noted both opportunities and risks, stating that the development could create room for increased production flexibility, possible expansion of market share, and improved revenue prospects. However, it also warned of exposure to price volatility, reduced output stabilisation mechanisms, intensified competition, and fiscal uncertainty.
The institute urged corporate organisations to strengthen risk management systems, adopt flexible hedging strategies, and diversify operations, while advising financial institutions and investors to reassess energy-related exposures, improve portfolio diversification, and enhance risk disclosure practices. It also called on the public sector to strengthen fiscal buffers, accelerate economic diversification, and expand investment in renewable energy transition initiatives.
For individual risk professionals, CRMI recommended upskilling in geopolitical risk analysis and energy economics, alongside improved capacity in scenario planning and predictive analytics.
The institute further warned that the global energy landscape may be shifting toward fragmented oil governance structures, more market-driven pricing systems, and accelerated global energy transition efforts, urging stakeholders to proactively adjust strategies in anticipation of an increasingly uncertain geo-economic environment.
Follow Us on Google Discover
Wike, Akpabio, Uzodimma: Unity at the podium, rival ambitions behind the Scenes? can Tinubu keep his associates together?
Real reason we removed universities from IPPIS, recruitment waiver – FG
Macron condemns looting, vandalism during cost-of-living protests in France
Lagos State: List of LGAs, population, land mass, government, other key facts
Oyo State: List of LGAs, population, land mass, government, other key facts
Osun State: List of LGAs, population, land mass, government, other key facts
Ondo State: List of LGAs, population, land mass, government, other key facts
Eight Nigerian Soldiers killed as ISWAP landmine hits Army patrol vehicle in Borno
Bauchi Health Agency boss, four children die in Road accident
‘Nigeria cannot become prosperous in four years’ — Tinubu’s Economic Adviser says
2027: Tinubu must be stopped, ‘even Buhari saw him as bad news’ — Hakeem Baba-Ahmed
APC sweeps all 21 chairmanship seats, 239 Councillorship positions in Kogi LG poll
‘₦29,000 Cannot sustain a retired officer’ — Atiku challenges Tinubu on police pensions, proposes initiative
FG ends 17-year blackout in Gombe community with 1MW solar mini-grid
EPL: Leeds hold Man Utd to 1-1 draw as pressure mounts on Carrick
2027: Step down if you are not working for Tinubu – Deji Adeyanju dares Obi, Kwankwaso
2027: Kwankwaso a goat in sheep’s clothing, secretly working for Tinubu – Atiku Campaign Council
Opposition will front a single candidate against Tinubu, announcement will be made few days to election – Lukman
‘₦29,000 Cannot sustain a retired officer’ — Atiku challenges Tinubu on police pensions, proposes initiative
DSS arrests Maina’s fugitive son in Abuja, hands him over to EFCC
Gunmen kill four vigilantes in Plateau community
Tension as traditional ruler collapses, dies in Ondo
Suspended NSCDC commandant apologises over deaths of suspected illegal miners in Niger
Veteran Journalist, diplomat Dele Cole dies at 86
2027: NDC will never step down for Atiku, stop attacking us – Kwankwaso replies ADC Campaign Council
Ogun hospital under fire as Nurse dies of asthma attack amid alleged oxygen failure
2027: ‘APM will beat Tinubu in 12 battleground states’ – Makinde’s campaign team
Buhari backed Osinbajo’s presidential ambition four times, Akande tells Babachir Lawal
Macky Sall quits race for UN Secretary-General position
