Tag: oil
Kemi Badenoch knocks Nigeria again
She further explained that her upbringing in Nigeria continues to influence her political beliefs in the United Kingdom. She said…
Markets React: Oil prices drop on hopes of Strait reopening
Oil prices dropped sharply as investors reacted to reports that progress is being made in negotiations between the United States…
MIddle East Tension: Nigeria emerges top beneficiary as global oil market shifts
Due to the conflict, buyers in Europe and Asia are turning to Africa for oil. This is because African supplies…
FG told to invest oil price gains in gas Infrastructure
Dr. Billy Gillis-Harry, PETROAN’s National President, made the remarks in an interview with the News Agency of Nigeria (NAN) on…
GDP rises to 4.07% as analysts call for stronger non-oil economy
They said the country needs stronger reforms in agriculture and industry to maintain economic growth and reduce the risks that…
US Vs Iran: Oil surges 9% as war fears grip markets
This move aims to reduce supply shocks, but ongoing disruptions in the Strait of Hormuz may still keep prices high.
IMF warns Nigeria of debt, oil and revenue risks despite reform progress
The International Monetary Fund (IMF) has warned Nigeria to guard against rising debt and fiscal risks even as it praised…
Nigeria strengthens oil export chain with new 365,000-bpd Otakikpo terminal
The $400 million facility, located in Ikuru Town, Andoni Local Government Area, can handle 365,000 barrels per day. It is…
How fuel marketers plan to adjust pump prices after Dangote’s policy shift
IPMAN National President, Abubakar Maigandi, disclosed on Saturday that the 650,000-barrel-per-day refinery notified its customers, including
UNGA: After years of stagnation, Nigeria revives oil sector for global players
Lokpobiri stressed that Nigeria’s oil sector is undergoing a transformation:
Government, communities to finalize modalities for Ogoni oil restart
The discussions included demands for fair participation in oil production, faster environmental cleanup, and long-term development projects.
Oil workers raise alarm over secrecy in planned asset sales
The unions pointed out that important exploration projects in places like Benue Trough, Anambra Basin, Sokoto Basin, and others have…
Oil prices drop as OPEC plans to increase output
Investors are also watching the effects of new U.S. tariffs. President Donald Trump has warned of strong tariffs on countries…
Israel-Iran conflict triggers global oil price surge
Prices for Brent crude, NYMEX Light Sweet, and West Texas Intermediate (WTI) futures rose by between 9 and 10 percent,…
People, Nigeria’s greatest asset – Ex-Finance Minister
Vice- President, Islamic Development Bank (IDB) and Former Minister of Finance, Dr Mansur Muhtar, says the greatest potential Nigeria needs…