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Crude oil price

Crude Oil Price Drop Below $60 Heightens Concerns For Weaker Naira, Wider Budget Deficit

The recent plunge in crude oil prices below $60 per barrel has raised significant concerns for Nigeria’s economy, particularly regarding the Naira’s stability and the widening budget deficit. The crash in global crude oil prices in recent times has been driven by a combination of geopolitical, economic,

May 6, 2025

Israel-Iran Crisis: Crude Oil Prices Will Rise Above $90 Per Barrel If Conflict persists

Markets·News·Oil & Gas·World News

Crude Oil Prices Surge To $86 Amidst Ukraine’s Attacks On Russian Refineries

The global crude oil market has been rocked by a surge in prices, triggered by relentless attacks on Russian refineries by Ukrainian fighters. Within just a week, prices of various crude oil benchmarks have skyrocketed, leaving analysts and consumers alike grappling with

March 19, 2024

News

Uzodinma Berates Oil Majors In Nigeria Over Environmental Negligence, Questions Their Investments

Imo State Governor, Hope Uzodimma, has raised concerns about the activities of major oil players—Shell, Mobil, Chevron, and TotalEnergies, questioning the genuineness of their investments in the Nigerian oil and gas sector.

January 29, 2024

Concerns For Nigeria's Oil Market As Over 60 Million Barrels Remain Unsold

Business·Oil & Gas·World News

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

Global crude oil prices have surged following the Hamas attack on Israel, resulting in a tragic loss of over a thousand lives on both sides. This incident follows a previous dip in oil prices due to concerns about high-interest rates and fluctuating

October 9, 2023

Business·Oil & Gas

Nigeria Continues Subsidy As ₦617 Pump Price Retained Despite Crude Nearing $100 Per Barrel

There are feelers that the Nigerian government has quietly restored the fuel subsidy removed few months ago as it appears to maintain the price cap of ₦617/per litre even when the prices of crude oil in the international market have surged and

September 20, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business

Nigerian, US, UK Stock Markets Fall To Soaring Inflation, Higher Interest Rates, Two Others

Investors’ confidence in the stock markets globally is declining in the face of higher interest rates, soaring inflation, impending recession, and falling oil prices. This led to the global stock market’s All-World Index falling for a second straight week, with the latest

September 25, 2022

Business·Oil & Gas

Crude Oil Price To Hit $45, As US Firms, Citigroup, Goldman Sachs Disagree Over Cost

American banks are divided over the future price of crude oil, as Citigroup and Goldman Sachs issue opposing forecast regarding the commodity that has skyrocketed to $102.9 per barrel globally. Since trading reopened after the global lockdown induced by COVID-19, crude oil

July 5, 2022

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Crude oil price

Crude Oil Price Drop Below $60 Heightens Concerns For Weaker Naira, Wider Budget Deficit

Crude Oil Prices Surge To $86 Amidst Ukraine’s Attacks On Russian Refineries

Uzodinma Berates Oil Majors In Nigeria Over Environmental Negligence, Questions Their Investments

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

Nigeria Continues Subsidy As ₦617 Pump Price Retained Despite Crude Nearing $100 Per Barrel

Nigerian, US, UK Stock Markets Fall To Soaring Inflation, Higher Interest Rates, Two Others

Crude Oil Price To Hit $45, As US Firms, Citigroup, Goldman Sachs Disagree Over Cost

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Nigeria’s Stock Market Sustains Bullish Run, UBA, Zenith, FBN Lead Gainers

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UBA Reports N335bn Profit After Tax, Signals Robust Half-Year Growth

Shoprite’s Nigerian Operations in Crisis: Store Closures, Supply Shortages Hit Retail Giant

FG Disburses ₦330bn Cash to 15 Million Vulnerable Nigerians – Edun

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UBA Reports N335bn Profit After Tax, Signals Robust Half-Year Growth

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