Oil prices drop on prospect of returning Libyan supplies
Businessam Staff
June 30, 2020
Oil prices fell on Tuesday amid rising COVID-19 cases and a possible return of Libyan oil production, which has been down to a trickle
We won’t give up petrol pricing control function –PPPRA
Businessam StaffJune 29, 2020
The Petroleum Products Pricing Regulatory Agency (PPPRA) has said it does not intend to give up its petrol pricing control function
NNPC records trading deficit of N9.53bn in March
Businessam StaffJune 25, 2020
As the global oil market reels under the impact of low price regime and production cost agreed upon by OPEC and OPEC+ members,
Oil gains amid status of trade deal and Covid-19 pandemic
Businessam StaffJune 23, 2020
Oil gained on Tuesday even in the middle of confusing arising from the status of the trade deal between the U.S. and China. Prices
Nigeria: Democracy, Economy and Crude-oil
Timi OlubiyiJune 23, 2020
By Timi Olubiyi, Ph.D The fact that there has been political stability and democratic governance since 1999 is a laudable development
Households, firms to pay more for electricity from July – FG
Businessam StaffJune 16, 2020
Effective from July this year, electricity consumers in the country will start paying more for the service. Sale Mamman, power
Optimism around OPEC+ output pact lifts oil prices
Businessam StaffJune 15, 2020
Oil producing nations have something to cheer about as oil prices rose on Monday as indications of increase in demand for crude oil
Marginal oilfields: DPR grants two weeks extension
Businessam StaffJune 12, 2020
In order to accommodate more prospective bidders for its marginal oilfields, the federal government has extended bids for the
Seplat CEO projects $17bn oil revenue shortfall for Nigeria in 2020
Samson EchenimJune 12, 2020
Nigeria’s oil receipts in 2020 are expected to drop by as much as $17 billion, Austin Avuru, the chief executive officer of
No more oil sale discounts from July — NNPC
Businessam StaffJune 11, 2020
The Nigerian National Petroleum Corporation (NNPC) has saidit will discontinue crude sales discount regime effective from July this