Despite adding palm oil to the foreign exchange restriction of the Central Bank of Nigeria (CBN) to encourage its local production, Nigeria spent N299.6 billion on...
In a surprising move, the OPEC+ announced a reduction in its combined oil production by more than 1 million barrels per day. This announcement came as...
On Sunday, Saudi Arabia and other OPEC+ oil producers announced an unexpected reduction in oil output cuts of around 1.16 million barrels per day. The move,...
Oil prices were holding steady on Friday as investors awaited the release of key U.S. inflation data that could provide clues on future interest rate moves....
Oil prices increased on Thursday due to a surprise decline in U.S. crude stockpiles and a stoppage in exports from the Kurdistan region of Iraq that...
The Nigerian National Petroleum Company Limited, NNPCL has intensified efforts to boost the nation’s crude oil reserves to 50 billion barrels. Investors King gathered that the...
Crude oil prices continued their upward trend on Tuesday following significant gains recorded the previous day. The increase was driven by concerns over supply disruption in...
The downstream sector of the Nigerian oil and gas industry is set to undergo complete deregulation in the coming months, and industry stakeholders are warning that...
Oil prices rose on Monday as investors evaluated efforts by authorities to address concerns about the global banking system. Brent crude oil, against which Nigerian oil...
The National Agency for Science and Engineering Infrastructure (NASENI) which recently laid the foundation for its solar cell production factory in Gora, Nasarawa state Nigeria, has...
