Brent crude oil, against which Nigerian oil is priced, gained 74 cents, or 0.9%, to $79.78 a barrel in the early house of Monday while U.S....
Importation of petroleum products into Nigeria will reduce significantly by 2023 with the commencement of operations of the Dangote Refinery
A major pipeline supplying crude oil to the United States remained shut
Oil prices rebound on Thursday following China’s announcement that it was easing COVID-19 measures imposed to curb the spread of the virus. China on Wednesday announced the...
UK consumer spending remains subdued, with BRC reporting a 4.1% annual increase
By Craig Erlam, Senior Market Analyst, UK & EMEA, OANDA What could have been a really positive week for equity markets is off to a much...
The federal government has revealed that Nine oil-producing states pocket N625.43 billion as 13 percent oil derivation, subsidy, and SURE-P refunds in just two years. This...
Oil prices have rebounded strongly over the last few days - up around 10% from the lows - buoyed by the prospect of a lower price...
The official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has dried up steadily from above US$3.0 billion monthly in 2014 to an...
Crude oil appreciated on Tuesday on signs global supply is declining amid better-than-expected optimism on Chinese economic recovery and a weaker dollar. But the likelihood that...
