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
Petroleum is sold between N300 to N400 in some places in Abuja and Lagos while the activities of black marketers who sell above N500 have also...
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...
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...
The euro is a little higher on the day against the dollar after CPI data for the currency bloc slowed to 10%, far below market expectations...