The Organisation of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. A report by Reuters quoting the O...
Shareholders have commended President Bola Tinubu and the Federal Executive Council (FEC) for the continuation and institution of the naira-for crude policy as a national policy. The federal governmen...
Global oil prices tumbled to their lowest in more than four years on Wednesday as fears over weakening demand and a supply excess deepened, driven by a renewed trade standoff between the United States...
The Dangote Refinery has notified marketers and customers of a reduction in its the price of Premium Motor Spirit (PMS) popularly called petrol at the point of loading from the refinery’s ga...
The new directors of NNPCL appointed by President Bola Tinubu last week have been widely welcomed by Nigeria’s oil industry chieftains and analysts for their cognate experience and impressive private ...
The Federal Government, Wednesday assured Nigerians that the Crude-for-Naira initiative will continue for as long as it aligns with public interest and supports the national economy. The assurance fol...
Nigeria’s economic outlook for 2025 has come under increasing strain as tumbling global oil prices and a shortfall in crude oil production threaten the revenue projections underpinning the nation’s bu...
Over 75 per cent of the 1.9 billion barrels of crude oil produced in Nigeria and other African countries in 2024, translating to 1.4 billion barrels was exported to Europe and other continents at the ...
Arise Business Analyst discussed the leadership shakeup at the NNPC Limited and the release of Net FX reserves from the Central Bank of Nigeria. Watch full video and share your thoughts in the comment...
The federal government has called on major oil companies operating in the country to reciprocate its efforts in enhancing the investment climate by committing tangible investments to the sector. This ...
