In the past three years, Nigeria has paid an astounding N5.83tn in subsidies on petroleum products, according to reports by the National Bureau of Statistics (NBS)....
Oil prices have steadied as the market awaits the U.S. inflation data that will likely influence the Federal Reserve’s policy on interest rate hikes. Brent crude...
As of April 12, 2023, the dollar to naira exchange rate is 1 USD to 740 NGN at the black market. This means that for every...
Oil prices rose on Tuesday as experts predicted a decline in the U.S. inventories, the largest crude oil consumer in the world. The rise in Asian...
According to a report by data and analytics company, GlobalData, Nigeria is set to dominate the oil and gas sector in Africa between 2023 and 2027....
Investors in Nigeria’s stock market experienced a rough week, losing N674bn in just four days of trading on the Nigerian Exchange Limited. This happened as the...
Oil prices have steadied on Monday after rising for three straight weeks, with the looming supply cuts from Saudi Arabia and other OPEC+ producers balancing concerns...
Since the Central Bank of Nigeria (CBN) started raising interest rates to curb the rising inflation rate and ease economic hardship on citizens, investors have jumped...
Recent news reports have claimed that foreign airlines in Nigeria are shutting down their operations due to trapped funds. However, new information suggests that these claims...
Lawyers representing more than 13,000 Nigerians have accused Shell Plc of attempting to protect itself from scrutiny over pollution in Nigeria’s oil-producing Niger Delta. The Bille...