crude oil
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Economy
Petrol price hike to drive inflation, business costs
An economist, Prof. Kenneth Ife, says the latest increase in Dangote Refinery’s petrol gantry price could raise transportation and business…
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Economy
NNPC Ltd. Reports N481bn After-Tax Profit in April 2026
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has recorded N481 billion Profit After Tax (PAT) for April…
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Economy
Bonny Light Prices Rise Amid Iran-US Tensions at Strait of Hormuz
Nigeria’s benchmark crude oil grade, Bonny Light, closed slightly higher on Friday as escalating tensions between Iran and the United…
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Economy
PETAN urges Nigeria oil boost amid OPEC uncertainty
The Petroleum Technology Association of Nigeria (PETAN) has urged Nigeria to raise oil and gas output as shifting OPEC+ dynamics…
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Energy
Nigeria’s Oil Ambition: A Race to 2 Million BPD
The Federal Government says Nigeria is currently producing about 1.745 million barrels of crude oil per day (bpd), targeting to…
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News
Oil’s Rollercoaster: Trade Peace, War Fears Fuel Price Hikes
Oil prices rose in the global commodity market on Monday as investors reacted to US President Donald Trump’s decision to…
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Economy
2.2 Million BPD: Nigeria’s Economic Key
The Nigeria Economic Summit Group (NESG) has advised the Federal Government to sustain crude oil production at 2.2 million barrels…
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Economy
Naira Crude Sales: Boosting Local Refineries, Cutting Costs
The Federal Government said the introduction of the sale of crude oil in Naira was a strategic move to enhance…
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