Oil rebound eases concerns about devaluation of Nigeria’s naira
The rebound in oil prices has given Nigeria’s naira a reprieve, easing investors’ concern that a steep devaluation may be unavoidable.
Oil up nearly 3% ahead of OPEC+ meeting and on easing lockdowns
Oil prices climbed about $1 a barrel on Tuesday on hopes that major crude producers will agree to extend output cuts during a video
Price crash: NNPC targets $10 oil production cost
The Nigerian National Petroleum Corporation has said it is looking to drive down the cost of producing a barrel of crude oil to $10
Petrol price may increase as Brent stabilises around $35/barrel
Brent, the oil against which Nigeria’s crude is priced, has hovered around $35 per barrel for about one week, raising concerns of a
OPEC to dominate oil markets for the foreseeable future — Goldman Sachs
OPEC will regain its position as a dominant force on international oil markets after the world emerges from the current crisis,
NLNG signs $7bn train 7 contracts with Saipem, Chiyoda, Daewoo
Nigeria LNG Limited (NLNG) has signed the engineering, procurement and construction (EPC) contracts for its Train 7 Project with the
Oil trader owes $9 million after starting the day with $77,000
By Zerohedge.com The April 20 historic oil price crash that sent the prompt May WTI contract plunging to the unheard of price
Financial boost beckons on African oil producers after OPEC+ slashes production by 23.7mbpd
African oil producing nations will experience a financial boost following global oil production slash that sees total world production
Nigeria ready for OPEC talks, says Sylva
Timipre Sylva, the minister of state for petroleum resources, on Monday pledged Nigeria’s readiness for the deliberations on output
FG reduces petrol price to N123.5 per litre
The federal overnment on Tuesday night reduced the price of petrol from N125/litre to N123.5/litre. Current petrol price indicates a