The Dangote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS), also known as petrol, from N990 per litre to N970....
Oil prices climbed about 1 percent on Friday as the intensifying war in Ukraine this week boosted the market’s geopolitical risk premium. Brent crude futures rose...
The Nigerian Naira exchange rate to the United States Dollar remained under pressure as economic uncertainties dictated market directions. In the parallel market popularly known as...
Oil prices fell on Wednesday as investors weighed the intensifying war between Russia and Ukraine, and a rise in crude stocks in the United States. Brent...
Economic uncertainty continued to dictate the Nigerian Naira exchange rate against the United States Dollar as policy changes are yet to crystalise in the economy. At...
In line with the vision of West African countries to reduce reliance on imported petroleum products from Europe, Africa’s largest oil refinery, Dangote Refinery, has commenced...
Oil prices fell marginally on Tuesday as Norway’s oilfield restarted production and plans by Iran to cap its uranium stockpile offsetting concerns about escalation of the...
Oil prices climbed more than $2 on Monday after crude production was halted in Norway, which added to the latest escalation of the Russia-Ukraine war. Brent...
Reports suggesting that Africa’s richest man and Chairman of the Dangote Group, Aliko Dangote, is seeking a multibillion-dollar bank loan to boost production at his Lagos...
Crude oil futures opened the week relatively flat but remained under significant pressure as the market continues to be predominantly concerned about global demand dynamics. While...