Egypt has initiated liquefied natural gas (LNG) purchases to mitigate potential supply shortages anticipated during the scorching summer months. The move is rare for a country...
The pump price of diesel dropped from approximately N1,700 per litre to around N1,350 per litre in various locations nationwide. This noteworthy reduction comes as a...
Gold prices soared to new heights on Monday as investors flocked to the safe-haven asset amidst growing expectations of interest rate cuts in the United States....
Financial expert Bismark Rewane has forecasted a significant drop in diesel prices in Nigeria and predicted that they could plummet below N1,000 per litre with the...
Palm oil prices rebounded from a two-day decline on reports that Malaysian exports will be robust this month despite concerns over potential supply disruptions from Indonesia,...
Amidst concerns over the quality of palm oil in Nigeria, Professor Kehinde Owolarafe of Obafemi Awolowo University, Department of Agriculture and Environmental Engineering, has sounded a...
The global commodities market has reported $100 billion in profits despite facing challenges and disruptions, making its second-best year ever. According to analysis from consultancy firm...
The iron ore market faces a tumultuous period as prices plunged with the steelmaking material dipping below the critical $110 per ton over subdued demand in...
Nigeria’s monthly petrol imports declined by approximately 1 billion litres following the fuel subsidy removal by President Bola Ahmed Tinubu, the National Bureau of Statistics (NBS)...
Independent oil marketers are advocating for direct supply of premium motor spirit (PMS) from the Nigerian National Petroleum Company Limited (NNPCL) as a means to alleviate...
