Nigeria’s average crude oil production in May fell to 1.25 million barrels daily in May from 1.28 million bpd recorded in April 2024. This represents a...
Nigerian crude edged higher at the last trading session of the week amid the third straight weekly loss in the global crude oil market, as oil...
The federal government’s target revenue for 2024 is projected to decline by N3.89 trillion due to crude oil production not meeting the set target in the...
A Reuters survey on crude oil production in May has revealed that Nigeria’s average crude oil production increased by 50 thousand barrels. Besides Nigeria, Iraq...
The Central Bank of Nigeria (CBN) was criticized for running multiple exchange rate regimes, but the reasons are more obvious and straightforward than the discourse suggests....
Brent crude futures dropped by 49 cents, or 0.63%, to $77.87 per barrel. This marked the first time Brent closed below $80 since February 7th, following...
Nigeria and Nigerians have been relying on subsidies since immediately after the civil war. The oil boom came, we joined OPEC, and suddenly, our issue was...
The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) has pegged Nigeria’s crude oil production quota for 2024...
Oil prices steadied on Monday as renewed geopolitical risks in Russia and the Middle East came into sharp focus following a series of weekend attacks. Brent...
Dangote refinery in Lagos reportedly plans to purchase at least 24 million barrels of US crude oil over the next year as it increases its processing...
Nigeria’s average crude oil production for the month of April marginally rose to 1.281 million barrels daily according to the Organization of Petroleum Exporting Countries (OPEC)...
Nigerian crude moderately decreased but maintained its premium status as industry data showed a buildup in both crude and fuel inventories in the world’s largest economies....
Nigeria’s crude oil production suffered its second consecutive monthly decline since the beginning of this year, as it dropped to 1.231 million barrels per day in...