Oil prices held steady on Tuesday as traders weighed signals that the OPEC+ alliance intends to increase crude output by 411,000 barrels per day in August,...
Dangote Refinery has cut its petrol price by ₦40 to ₦840 per litre, below the Nigerian National Petroleum Company Limited’s new pump price of ₦925 per...
The Ibadan Electricity Distribution Company (IBEDC) has disconnected the Obafemi Awolowo Train Station in Moniya, Ibadan, Oyo State, from the national grid over non-payment of electricity...
The Nigeria Export Processing Zones Authority (NEPZA), the One-Stop-Shop Committee on the Sale of Crude in Naira, and the Dangote Refinery & Petrochemicals Free Zone Enterprises...
Oil prices advanced modestly on Wednesday as market participants assessed the stability of a ceasefire between Iran and Israel, while improved U.S. demand indicators and expectations...
Nigeria generated ₦70.1 trillion in oil export revenue between January 2024 and March 2025, according to new data from the National Bureau of Statistics (NBS). Despite...
Oil prices fell sharply on Tuesday after Israel and Iran agreed to a ceasefire proposal brokered by the United States, easing concerns over potential supply disruptions...
MRS Oil Nigeria Plc, a major distributor of refined petroleum products, has announced an upward adjustment in the pump prices of Premium Motor Spirit (PMS) across...
Crude oil prices rallied sharply on Monday to their highest levels since January amid renewed supply concerns following coordinated military action by the United States and...
Oil prices rallied on Thursday as rising geopolitical tensions in the Middle East and the risk of U.S. involvement in the Israel-Iran conflict pushed crude futures...
