Ecuador breaks OPEC unity, announces rise in oil output to raise revenue
Ecuador has dealt a blow to OPEC unity by announcing it will start raising oil production this month, arguing it ...
Thursday, May 14, 2026
Tag: Nigeria
Oil trades near $46 as Nigeria, Libya await decision to cap crude output
Oil traded near $46 a barrel as crude production rebounded in Libya, an OPEC member exempt from output kerbs. Futures ...
Unilever, Forte Oil, 7Up lift Nigeria’s equity market as benchmark index gains 0.12%
The positive sentiments that dominated the Nigerian equities market last week continued Monday, with fast moving consumer goods (FMCG) stocks ...
UK lawmakers want disclosure of Toyota investment reassurances
The British government should disclose what post-Brexit reassurances it offered Japanese carmaker Toyota ahead of a 240-million pound ($313 million) ...
Nigeria banks raise dollar-spending limits on improving forex liquidity
In an apparent show of a return to foreign exchange liquidity, most Nigerian lenders have increased spending limits on their ...
EU earmarks 700m euros for sustainable energy devt in Nigeria, West Africa
The European Union (EU) says it has committed over 700 million euros for the development of sustainable energy in Nigeria ...
Nigeria’s inflation slows for fifth consecutive month to 16.10% as rise in food index continues unabated
Updated: 14:59-- Nigeria’s inflation rate for the month of June 2017, according to data released by the country’s statistical organisation, ...
Nigeria state oil company says its refineries now produce 60% of domestic kerosene
The Nigerian National Petroleum Corporation (NNPC) has announced that its three refineries in Port Harcourt, Warri and Kaduna now supply ...
Uber Nigeria partners Germaine Auto Center to service drivers’ vehicles
Uber sealed a pact with Germaine Auto Centre, a Nigerian based auto service, and maintenance company, to provide maintenance services ...
Oil skeptics let a little sunshine in
Oil skeptics are letting a little sunshine in. After the worst June for oil in six years, hedge-fund bets on ...
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