Naira devaluation likely soon due to oil price slump – Survey
Businessam StaffMarch 13, 2020
The Nigerian central bank will be unable to maintain the naira’s value for much longer as a slump in oil prices drains foreign
Budget under threat as oil sinks to $54
Businessam StaffFebruary 4, 2020
The international oil benchmark, Brent crude, plummeted to its lowest level in more than a year on Monday, trading below the Federal
Rising inflation to fuel uncertainties around CBN in 2020, says expert
Businessam StaffDecember 19, 2019
By Omobayo Azeez
Fuel consumption hits 67.66 million litres/day, subsidy gulps N10.1bn
Businessam StaffDecember 17, 2019
The average daily consumption of petrol has hit 67.66 million litres, indicating an increase of 33.89 million litres when compared to
Concerns as NEITI unveils oil blocks’ owners
Businessam StaffDecember 13, 2019
The Nigeria Extractive Industries Transparency Initiative (NEITI) has unveiled a beneficial ownership register, which holds the
Dangote oil refinery key equipment arrives from China
Businessam StaffDecember 2, 2019
Dangote Petroleum Refinery and Petrochemicals Company on Sunday announced the arrival of the key equipment that would process crude
Oil holds near two-month high on OPEC+ extension expectations
Businessam StaffNovember 22, 2019
Oil prices held near two-month highs on Friday, set for a third consecutive week of gains on expectations of an extension to OPEC+
FG, others shared N702.058Bn in October as oil earnings dip
Businessam StaffNovember 21, 2019
Tola Akinmutimi The Federal Account Allocation Committee (FAAC), on Wednesday disclosed that the three tiers of government shared a
Oil prices gain 2% despite rising supplies concerns
Businessam StaffNovember 15, 2019
Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries
Growth in global oil demand to slow from 2025 – IEA
Businessam StaffNovember 13, 2019
Global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified vehicles increases but