Nigeria’s struggling revenue profile is set for a rise as Brent crude yesterday, rose above $100 a barrel for the first time in nearly two months,...
Fuel marketers have resumed loading petrol and diesel from private depots after an almost one-week disruption triggered by recent price adjustments in the downstream petroleum sector....
Nigeria produced an estimated 295.18 million barrels of crude oil and condensate valued at about $28.08bn (approximately N41.74tn) in the first six months of 2026, reflecting...
Nigeria’s economic growth is at the risk of headwinds from elevated borrowing costs and persistently high inflation despite stronger oil production, improved macroeconomic stability and ongoing...
The Dangote Petroleum Refinery & Petrochemicals (DPRP) protects the Nigerian market from external price shocks, maintaining stable domestic fuel prices within a commercially acceptable range despite...
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has disclosed that the United States, Europe and countries in the Middle East are increasingly seeking...
Seven OPEC+ members decided on Sunday to again raise oil production quotas as Gulf countries reel from the Middle East war. Ministers from key OPEC+ countries...
Nigeria faces a direct fiscal alarm bell in the third quarter (Q3) of 2026 as crude oil price dips below $80 per barrel amid fragile global...
A new round of escalating strikes between Iran and the US continued yesterday, further undermining the fragile interim peace agreement between the two countries, and prompting...
Local refineries in Nigeria are resorting to Libya for crude oil supplies, as the domestic supplies keep falling short of feedstock demand. Led by the Dangote...
