The short battle between Russia and its mercenaries, the Wagner Group, sparked an increase in the price of Brent crude oil during the weekend. At the...
The Organization of the Petroleum Exporting Countries (OPEC+) announced members of the oil group, comprising Nigeria, have agreed to cut down global crude oil production output,...
Price of Brent crude oil dropped to $99.78 amidst fears over global economic recession. The fall in crude oil price below $100 was the first in...
American company, Citigroup, has released a crude oil forecast that contradicts that of Goldman Sachs, with the former stating that the commodity will fall to $65...
President Muhammadu Buhari has pledged to take advantage of the rising crude oil prices in order to ensure a stable oil sector in Nigeria. Buhari made...
If Nigeria can overcome its production issues, it might earn N66 billion per day from oil, the highest it has in the last seven years. The...
Two investments banks, Goldman Sachs and Bank of America, have projected the crude oil price to hit between $85 and $100 in the coming months. The...
Crude oil price fell below $64 following weeks of surge in market price. The Brent crude price, which is also used as a price indicator for...
Crude oil prices fell on Monday evening after pushing above $70 a barrel in the early hours, as dust from Saudi Arabia attacks settled. In the...
The uptick in crude oil price pushes the Federal Government closer to its revenue projection, as tight control on oil production by OPEC members is expected...
Nigeria’s 2019 Budget may face hiccups as the current crude oil prices in the international market has fallen below the Budget benchmark. On Monday, crude oil...
From the presentation of the 2018 Budget to a joint session of the National Assembly to the signing of the budget by President Muhammadu Buhari on...
In a bid to regain its lost impact on the international oil market, Nigeria has opted to slash the official selling price of the country’s crude...
It seems that all attempts by the Central Bank of Nigeria (CBN) to shore up the country’s external reserves have failed as the reserves hit an all time low of $24.21bn in October from $25.8bn in September 2016, according to...
Oil prices fell Friday despite decision of the Organisation of Petroleum Exporting Countries (OPEC) to cut production by 200,000-700,000 barrels per day (bpd). This is after...
Ministerial officials preparing the 2017 budget are having sleepless nights over the fate of the proposal, as instability in the oil sector persists. A similar scene was witnessed during the collation of data for the 2016 budget, which saw the benchmark of price of oil...
The recent prediction by the International Monetary Fund (IMF) that the Nigerian economy is heading towards recession falls in line with forecasts made by many analysts...
Nigerian equities broke away from the downside on Thursday as continuing improvement in global crude oil price raised hopes that Nigeria may waddle through its foreign...
While reading for my first degree in Political Science at the prestigious University of Ibadan we were told that Labour Unions were not veritable partners in...
