Oil prices held firm on Monday as the political uncertainty in the United States and ongoing tensions in the Middle East persist. Brent crude oil, against...
The Dangote Refinery is set to receive its first shipment of Brazilian crude oil next month. This is a pivotal moment in the country’s efforts to...
Aliko Dangote, the Chief Executive Officer of Dangote Refinery, announced that the Nigerian National Petroleum Corporation (NNPC) Limited’s stake in the refinery has dropped from the...
The Federal Executive Council (FEC) has approved a $21 million contract to meter 187 crude oil flow stations across Nigeria. The decision was announced by the...
Nigerian banks have significantly increased their support for the private sector with loans and other forms of credit to the tune of N375.78 trillion in the...
As Nigeria awaits the release of the National Bureau of Statistics’ report on June 2024 inflation, economic analysts project that while inflation will continue its upward...
The Central Bank of Nigeria (CBN) has excluded Bureau De Change (BDC) operators from its latest allocation of $122.67 million in forex sales. This decision, announced...
The Federal Government declared on Thursday that the conversion of petrol and diesel-powered commercial vehicles to run on Compressed Natural Gas (CNG) will be free of...
Nigeria’s daily oil production increased in July by 25,000 barrels per day to 1.276 million barrels per day (mbpd). This development was disclosed by the Organisation...
Oil prices rose on Friday after traders noticed signs of easing inflationary pressures in the United States, the world’s largest oil consumer. Brent crude oil, against...