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...
Nigeria’s inflation continued its upward trend in October 2024 as the price of food, electricity, and fuels pushed the headline inflation to 33.88 percent relative to...
Naira remained under pressure against its global counterparts as economic uncertainties continued to impact the local currency. In the parallel market popularly known as the black...
Oil prices closed slightly higher on Thursday helped by a drop in US fuel stocks as the market overlooked oversupply concerns and demand worries caused by...