Oil prices declined on Wednesday as the United States crude oil production rose to a record high. Brent crude oil slid by 34 cents to $82.13...
Global markets experienced a surge as unexpected slowdowns in both U.S. and UK inflation fueled speculation that central banks may halt their aggressive interest rate hikes....
The Niger Delta Power Holding Company (NDPHC) has disclosed that the Central Bank of Nigeria (CBN), the Nigerian Bulk Electricity Trading Plc (NBET), and the Nigerian...
The latest Monthly Oil Market Report (MOMR) from the Organisation of Petroleum Exporting Countries (OPEC) reveals a 13.3% month-on-month decrease in Nigeria’s rig count from 15...
Oil prices experienced fluctuations on Monday, driven by renewed concerns about declining demand in the United States and China, along with mixed signals from the U.S....
Nigeria’s oil marketers, particularly members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), are increasingly divesting from their filling stations due to the ongoing scarcity...
Nigeria’s oil and gas sector witnessed a notable absence of foreign investment in the second quarter of 2021 as international oil companies (IOCs) remained reluctant to...
As the Nigerian Electricity Supply Industry (NESI) celebrates a decade of post-privatization endeavors, Mr. Mokhtar Bounour, the Chief Executive Officer of Egbin Power Plc, proudly shares...
Oil prices saw an uptick on Monday as both Saudi Arabia and Russia affirmed their commitment to additional voluntary oil supply cuts until the end of...
A significant shortage of liquefied petroleum gas (LPG), commonly known as cooking gas, has disrupted availability in Lagos and several other Nigerian states. Investigation has revealed...
