Tuesday, March 10, 2026
Oil prices surge on large crude draw
Crude oil prices rose higher after the Energy Information Administration reported an inventory draw of 5.5 million barrels for the week to...
Read moreDetailsPetrol subsidy rises to N47.5/litre as oil price hits $67.86
The subsidy on premium motor spirit, popularly known as petrol, has risen to N47.5 per litre as the expected open...
Read moreDetailsFG reverses decision to sell oil asset stake
For the second year in a row, the federal government has failed to carry out its planned sale of some...
Read moreDetailsFG spent over N12bn on fuel subsidy in five days
The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, spent N12.69 billion to subsidise Premium Motor Spirit, PMS, in...
Read moreDetailsNigeria’s oil, gas export sales indicate significant increase by 52.84% in one month – NNPC
The Nigerian National Petroleum Corporation (NNPC) has announced crude oil and gas export sale of $355.93million in September 2019, indicating...
Read moreDetailsBonny Light experiences price drop to $67.00 per barrel
The price of Bonny Light, Nigeria’s premium oil grade, which surged to $67.82 last week, has dropped slightly to $67.02...
Read moreDetailsOil prices fall as Russia touts easing OPEC+ output
Oil fell on Monday after Russia said an OPEC-led pact may consider easing output cuts next year, but prices held...
Read moreDetailsDecision on $10bn NLNG Train 7 suffers fresh delay
The federal government and other shareholders of the Nigeria LNG Limited failed to take a final investment decision on the...
Read moreDetailsCrude oil, gas exports increase by 53% –NNPC
The Nigerian National Petroleum Corporation has announced that crude oil and gas export sales increased by 52.84 per cent to...
Read moreDetailsRussia finally agrees a new gas transit deal with Ukraine
Russia and Ukraine reached on Thursday an agreement ‘in principle’ on the transit of Russian gas through Ukraine and onto...
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