The price of Brent crude on Sunday gained marginally to close at $68.97,representing an increase of 0.36%.
WTI also gained marginally by 0.44% to close at $66.61 while natural gas closed at $3,034 representing a gain of 1.61%.
In the meantime,the Minister of Science and Technology,Ogbonnaya Onu noted that Nigeria is implementing efforts to prepare its economy for a post-oil era.
This resulted to the NNPC signing a deal with international oil majors Shell,Exxon, Total, and Eni to develop an offshore oil block that includes the deepwater Bonga field.
It is also worth noting that the NNPC has set plans in motion to acquire a 20% minority equity stake in Africa’s biggest oil refining facility,Dangote Refinery.