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Libya, Angola surpass Nigeria in crude production – OPEC

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  The Organization of Petroleum Exporting Countries has said Nigeria’s oil production dipped to 972,000 barrels per day in August 2022. This is as Angola...

Crude oil price soars above $100 again

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  Crude oil prices have soared above the $100 mark on Sunday hitting $101.16/barrel after trading around $98/barrel since Tuesday. This is as oil marketers...

Crude oil exports soar to N5.6tn in three months

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  Nigeria’s crude oil exports soared to N5.6trn in the first quarter of 2022 despite ncreasing calls for diversification of the economy.This reflects nearly 200...

EU’s oil ban: Crude soars by 4% amidst rising speculations

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  The prices of crude oil have, on Wednesday, risen by four percent after the European Union disclosed plans to phase out imports of Russian...

Crude oil production dips by 1.2 million barrels in April –...

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  The Organization of Petroleum Exporting Countries (OPEC) on Monday said limited investments in the oil sector had reduced the capacity of Nigeria and other...

Petrol landing cost hits N282/ltr amidst oil rise to $90

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  The effect of rise in global crude oil prices has led to an increase in the landing cost of Premium Motor Spirit (petrol) imported...

Crude oil price soars by 2.03% to close at $71.30/b

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  Prices of oil rose in the early hours of Monday as Brent crude rose by 2.03% to close at $71.30 per barrel. This is coming...

Crude oil: Nigeria’s revenue to drop further amidst OPEC’s supply forecast

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  Nigeria’s revenue from crude oil sale may drop further in the first and second quarter of 2022. This is as a result of latest projection...

Nigeria falls short as Libya becomes Africa’s biggest oil producer

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Grace Cofie Nigeria loses status as Africa's top oil producer to Libya due to decline in its crude oil production last month and supply disruption...

Crude oil price rises to $85.88/bbl

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The crude oil market closed on a positive note, rising to a record high as Brent Crude closed at $85.88 per barrel. The price recorded...

Kogi govt set to appoint new Ohinoyi of Ebira land

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Thw Kogi State Government says it would appoint a designate to assume the vacant stool of the Ohinoyi of Ebiraland next week. The stool has...