Nigeria’s gross foreign exchange reserves have risen to $54.61 billion in 2026, representing a $12.76 billion increase from the $41.84 billion recorded a year earlier. The...
Oil and gas expert and Convener of the Oil, Gas and Power Forum, Madaki Ameh, has urged Nigerians to take advantage of the Dangote Refinery Initial...
Saudi Arabian shares fell in early trading on Sunday after drone strikes targeted the kingdom’s vital East-West crude oil pipeline, raising fresh concerns over regional oil...
Saudi Arabia’s temporary shutdown of its major East-West oil pipeline after a drone attack could trigger fresh pressure on the global economy, with countries across Asia,...
Iran and the United States have exchanged fresh attacks in the Middle East, deepening their six-month-old conflict and raising fears of a wider disruption to global...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) remitted N7.91tn to the Federation Account between January and July 2026, despite a decline in crude oil and...
The Federal Government has directed petroleum marketers across Nigeria to immediately reduce the pump prices of Premium Motor Spirit (PMS), popularly known as petrol, following the...
Despite the presence of the Dangote Refinery, Nigerians are now paying about 65 percent more for petrol, as rising global oil prices and supply challenges continue...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised the alarm over Nigeria’s troubled oil and gas sector, accusing petroleum marketers of...
Oil marketers and domestic refiners have called on the Federal Government to provide comprehensive details about the naira-for-crude oil deal, which was recently announced by the...
