Nigeria’s imports surged to N35.8 trillion in 2023, according to the National Bureau of Statistics (NBS). However, amidst this import boom, the country’s exports were largely...
Amidst escalating tensions in Ukraine, global oil prices took a downward turn as Russia announced plans to increase its oil exports through Western ports. The prospect...
Oil prices surged on Monday during the Asian trading session as concerns over global supply intensified amidst ongoing attacks on Russian energy infrastructure. Brent crude oil,...
Oil prices skyrocketed following the International Energy Agency’s (IEA) adjustments to its demand and supply forecasts. The IEA’s latest report, released Thursday, sent shockwaves through financial...
The Economist Intelligence Unit (EIU) has issued a cautionary note to indigenous oil companies eyeing the acquisition of assets from divesting international oil companies, warning them...
Oil prices surged as Brent crude oil rose to $82.20 a barrel, a significant uptick amidst bullish sentiments driven by robust global demand forecasts. The rally...
James Faleke, Chairman of the House of Representatives Committee on Finance, has said Nigeria’s oil production cost per barrel stands at $48, the highest globally. Speaking...
The Trans-Niger Pipeline (TNP) has achieved a new milestone with crude transport surpassing 200,000 barrels per day (bpd) in the last six months. This achievement signals...
Recent data from Nigeria’s oil production and revenue have revealed a surge in the country’s oil earnings. Crude oil earnings increased by N449.93 billion during the...
Oil prices extended their decline on Monday driven by apprehensions about sluggish demand in China despite ongoing geopolitical tensions in the Middle East and Russia. Brent...