Browse Tag

Oil price

Nigeria’s Crude Oil Production Surges To 1.3mbpd

Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

The cost of subsidy on Premium Motor Spirit (PMS), also known as fuel, in Nigeria will rise in May should the country not remove it, as Saudi Arabia and some members of the Organisation of the Petroleum Exporting Countries plus (OPEC+) cut

April 3, 2023

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

Business·Oil & Gas

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Despite Nigeria claiming the spot of the largest crude oil producer in Africa, it failed to meet its quota in January 2023, as agreed with members of Organisation of the Petroleum Exporting Countries (OPEC). On the back of the report that OPEC’s

February 1, 2023

Business·Oil & Gas

Crude Oil Falls Below $100, As American Firm Projects New Low

Brent crude oil fell on Wednesday below $100 after trading above the level since April last year. The depreciation in its price was driven by projected global recession in light of soaring inflation. The commodity dip to $99.78 per barrel after concerns

July 6, 2022

Business·Oil & Gas

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

Nigeria spent N947.51 billion on petrol subsidy within the first four months of this year, as rising crude oil price eats into the revenue generation of the country, surging by 55.7%, to rise from $78.98 to $122.99 between January to April, amid

June 9, 2022

Business·Oil & Gas

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Crude oil price opened trading on Monday at a loss, falling -0.72%, but it level is still a problem to the Nigerian government, which has been unable to profit from the 52% surge year-to-date, compared to other members of the Organisation of

June 6, 2022

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Oil & Gas

Oil Price Falls To $70 A Barrel Amid Surge In Omicron Variant

Crude oil prices on Monday fell by 4 per cent over rising cases of the Omicron coronavirus variant in Europe and the United States. Brent crude futures, the global benchmark, dropped by $3, or 4%, to $70.58 a barrel by 11:00 GMT+1

December 20, 2021

Oil & Gas·Top Stories

Oil Price Rises Above $81, Highest In 3 Years

OIL prices jumped above $81 on Monday, the highest in three years.

October 5, 2021

News·Oil & Gas

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Oil price

Saudi Arabia, OPEC+ Members Cut Oil Output, To Affect Nigeria’s Fuel Landing Cost

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Crude Oil Falls Below $100, As American Firm Projects New Low

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

Oil Price Falls, Put Nigeria’s Fuel Cost Above N300 Per Litre

Oil Price Falls To $70 A Barrel Amid Surge In Omicron Variant

Oil Price Rises Above $81, Highest In 3 Years

Oil Price Falls To $72.39 As OPEC Expands Production

Featured Stories

Gino World Jollof Rice Festival, Hilda Baci and the Power of Brand Building

DELTA-2: Govt Agencies Push To Commercialise Nigerian Research, Drive Jobs For $1 Trillion Economy

Market Analysis: Nigeria’s Q2 Growth Numbers In View

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

Whatsapp Channel

Latest News

Nigeria’s Power Plants Closed August 2025 With Low Availability, Grid Instability

US Introduces $100,000 Minimum Salary Rule for H-1B Visa Workers, Raising the Bar for Nigerian Professionals

Cameroon President’s Daughter Calls on Voters to Reject Father’s Eighth-Term Bid

NCAA Warns Qatar Airways Over Alleged Mistreatment of Nigerian Passenger, Vows Stiff Sanctions

Market Analysis: Nigeria’s Q2 Growth Numbers In View

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

Naira Rises To N1,500/$ At Official Market

Bitcoin Steady Above USD 114,000 as Markets Await CPI Release

Nigeria’s Power Plants Closed August 2025 With Low Availability, Grid Instability

Suggestions

Oil price

Featured Stories

Follow Us

Whatsapp Channel

Latest News