Oil prices surged during Asian trading hours on Wednesday amid mounting expectations that major oil-producing nations will uphold output cuts at an impending meeting of the...
South Sudan is seeking $250 million in financing from the International Monetary Fund (IMF) to address its ongoing balance of payment challenges and stimulate economic growth....
Oil prices stabilized in Asian trading on Monday as markets turned their attention to an upcoming OPEC+ meeting, where producers are expected to discuss maintaining voluntary...
Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, announced on Monday that approximately $16.6 billion in investments have been committed over the past year. This...
In a landscape where global oil markets often sway with the slightest economic shifts, stability can be a rare commodity. However, amidst discussions from the U.S....
Amidst ongoing debates regarding Nigeria’s power sector and the financial dynamics surrounding it, the latest data from the Nigerian Electricity Regulatory Commission (NERC) has revealed significant...
Nigeria has long held the title of Africa’s leading oil producer but signs are now suggesting a shift as neighbouring country Angola emerges as a new...
Oil prices declined by 1 percent amid the uncertainty surrounding the global oil market as the world looks to the Middle East for a solution. Brent...
The Port-Harcourt refinery with a capacity of 210,000 barrels per day, is poised to begin operations by the end of July. This announcement comes after several...
The Central Bank of Nigeria (CBN) disbursed $2.13 billion for food imports in 2023. This disclosure raises concerns about the nation’s ability to achieve self-sufficiency in...
