Wednesday, June 17, 2026
External reserves fall by $2.3bn on plunging oil price
Nigeria’s external reserves recorded a decline of $2.3bn from $38.59bn to $36.22bn within a two-month period, covering January 1 and...
Read moreDetailsOil flood: Russian oil giants prepare for a production surge
Russian oil firms plan to raise their oil production from April and they are comfortable with the current oil prices...
Read moreDetailsThe world’s biggest oil trader negotiates Venezuela oil purchase
The largest independent oil trader in the world, Vitol Group, is discussing the purchase of Venezuelan crude oil from a...
Read moreDetailsBill Gates steps down from Microsoft after 45 years
Microsoft founder Bill Gates, 65, has announced he is stepping down from the board to focus on philanthropic endeavours. He...
Read moreDetailsRig count inches lower in dramatic week for oil
Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1 to...
Read moreDetailsNaira devaluation likely soon due to oil price slump – Survey
The Nigerian central bank will be unable to maintain the naira’s value for much longer as a slump in oil...
Read moreDetailsFG releases N285bn for capital projects
The federal government has released N285billion for capital projects from the 2020 budget. Zainab Ahmed, the minister of finance, budget...
Read moreDetailsShake-up as NNPC asks 40 GGMs, GMs to go
The management of the Nigerian National Petroleum Corporation has retired about 40 group general managers and general managers at the...
Read moreDetailsNo end in sight for the oil price crisis, says Daniel Yergin
Rebalancing the oil market in a context of dropping demand and rising supply will take a while, energy expert Daniel Yergin told...
Read moreDetailsCBN coordinates banks, other financial institutions on a rescue mission to raise N1.5 trillion for infrastructure
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said the apex bank would work in collaboration with commercial banks...
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