Monday, August 31, 2026
Oil prices dip after U.S. crude hits near two-year high on pipeline shutdown
Oil prices eased Thursday, with U.S. crude dipping away from two-year highs reached the day before, but the shutdown of...
Read moreDetailsOil union lauds NNPC’s inland basins exploration, calls for return of refineries to profitability
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has commended the Nigerian National Petroleum Corporation (NNPC) on...
Read moreDetailsAfrican Development Bank portfolio in Nigeria over $6bn, says Adesina
African Development Bank's total active portfolio in Nigeria is over six billion dollars, according to Adewumi Adesina, the bank's president. In...
Read moreDetailsOil trades near two-year high as U.S. stocks shrink ahead of OPEC meeting next week
Oil headed for its highest close since June 2015 while trading volume surged after U.S. industry data showed crude stockpiles...
Read moreDetailsNigeria’s MPC keeps rates steady at 14% as CBN sees external reserves trending over $34bn
In line with some analysts’ expectations, the Monetary Policy Committee of the Central Bank of Nigeria (CBN) Tuesday left the...
Read moreDetailsLosses in large caps pull down Nigerian equities index 0.52% as world stocks trade higher
The Nigerian equities market closed Tuesday negative as benchmark index shed 0.52 percent to settle at 36,600.07 points. This is...
Read moreDetailsNigeria’s uneven recovery a downside risk to growth in 2018, Rencap says
Despite Nigeria’s growth strengthening to 1.4 percent year on year in Q3 2017, analysts at Renaissance Capital are concerned that...
Read moreDetailsOil prices rise ahead OPEC meeting, analysts warn of oversupply risk from US producers
Oil prices were higher on Tuesday as traders looked ahead to a meeting next week at which major crude exporters...
Read moreDetailsBPE declines discos’ request for notice of force majeure, says new power policy directives in order
The Bureau of Public Enterprises (BPE), which midwifed the privatization of Nigeria’s power assets, has declined a request by the...
Read moreDetailsOPEC needs to consider political risk pushing up prices- IHS Markit
OPEC's second-biggest exporter of crude oil, Iraq is lurching between quota busting and production-crimping crisis, clouding the policy-making picture as...
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