Nigeria’s imports surged to N35.8 trillion in 2023, according to the National Bureau of Statistics (NBS). However, amidst this import boom, the country’s exports were largely...
Oil prices surged on Monday during the Asian trading session as concerns over global supply intensified amidst ongoing attacks on Russian energy infrastructure. Brent crude oil,...
Oil prices skyrocketed following the International Energy Agency’s (IEA) adjustments to its demand and supply forecasts. The IEA’s latest report, released Thursday, sent shockwaves through financial...
Oil prices surged as Brent crude oil rose to $82.20 a barrel, a significant uptick amidst bullish sentiments driven by robust global demand forecasts. The rally...
James Faleke, Chairman of the House of Representatives Committee on Finance, has said Nigeria’s oil production cost per barrel stands at $48, the highest globally. Speaking...
The Trans-Niger Pipeline (TNP) has achieved a new milestone with crude transport surpassing 200,000 barrels per day (bpd) in the last six months. This achievement signals...
Recent data from Nigeria’s oil production and revenue have revealed a surge in the country’s oil earnings. Crude oil earnings increased by N449.93 billion during the...
Oil prices extended their decline on Monday driven by apprehensions about sluggish demand in China despite ongoing geopolitical tensions in the Middle East and Russia. Brent...
Oil prices surged on Friday as Brent crude surpassed $83 per barrel and U.S. West Texas Intermediate (WTI) hit $79, driven by robust demand from major...
Brent crude oil appreciated by 1.1% to $82.96 per barrel following a decline in U.S. distillate and gasoline inventories. The surge in Brent crude prices was...
