Oil prices jumped on Friday, sustaining the gains posted the day before, as major oil producers started cuts in output to buffer crash in fuel demand...
The global oil price benchmark, Brent crude, on Tuesday extended its decline, dropping to $19 per barrel, amid the demand collapse caused by reduced economic activity....
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Oil prices plunged Thursday by as much as 12% as the deal to cut global production by 10 million barrels per day (bpd) failed to wow...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
Oil prices rose for the second consecutive day on Friday with Brent (the international benchmark for Nigeria’s crude) climbing up further to $34.91 per barrel. It...
International credit rating agency, Fitch Ratings, has noted in its latest outlook for the Nigerian banking sector that banks across the country face acute threats from...
Global oil prices rebounded to more than $30 a barrel for the first time in almost a month on Thursday after Saudi Arabia and Russia signalled...
Oil prices plummeted to their lowest levels in seventeen years Monday on the back of a glut-induced fall in demand as the global oil market battles...
The Federal Government on Wednesday cut the 2020 Budget by N1.5 trillion. President Muhammadu Buhari presented the 2020 budget of N10. 59 trillion to the National...
President Muhammadu Buhari on Monday summoned an emergency meeting of some government officials over the sudden crash of oil price. Those at the meeting included Godwin...
Nigeria may be heading for its second recession in nearly four years after crude oil prices crashed to $30 per barrel in the international market. The...
Indications emerged on Monday that Organisation of Petroleum Exporting Company (OPEC) and its allies might extend its current production cuts or even deepen them to buffer...
Global oil market responded to the escalating crisis in Libya on Monday after a proposed peace talk, intended to bring the shutters down on the country’s...
Global oil prices skyrocketed by $3 Friday in the aftermath of the US’s assassination of Iranian commander, Qasem Soleimani. There are growing tensions that the development may...
Analysts at political risk consultancy, Eurasia Group, in a research note published on Friday said oil price could hit $80 per barrel soon, following the assassination...
The latest data from the Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that the subsidy per litre on Premium Motor Spirit (PMS) also known as...
In a timely recognition of how the current lull in the global oil market might stand in the way of a meaningful implementation of the 2020...
There appears to be a brewing challenge for Nigeria, as Brent Crude on Monday slipped below its $60 per barrel budget benchmark for the 2019 appropriation...
THE execution of Nigeria’s 2019 budget will likely encounter a serious threat as the price of Bonny Light, the nation’s premium oil grade, yesterday, hovered at...
The prices of crude oil again fell on Thursday after a marginal rally on Wednesday by more than one per cent. Prices had rebounded more than...
Against the backdrop of a long and steady decline in the international oil price, the Federal Government may have started reviewing developments in the global oil...
The international oil benchmark for Brent crude, on Sunday did not only fall to its lowest this year but also lower than the proposed 2019 budget...
Nigeria may not exit its current economic recession soon if it is depending solely on the current rise in the price of crude oil, this is...
A fresh division among members of the Organization of Petroleum Exporting Countries (OPEC) has negatively affected oil at the international market. This is as member-countries’ outputs...
Declining oil output from Nigeria, France and a shortfall in US inventories combined on Monday to shore up oil prices to their highest in eight month....
By Pat Utomi…The price of Petrol goes up and gloves go off. When gloves go off name calling and the mudslinging on motives become fair game....
A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday after Saudi Arabia demanded that Iran join in despite calls on...
Oil reached a 2016 high, hitting 43 dollars a barrel on Tuesday, raising hope for funding of the 2016 budget which had been predicated on $38...
To survive the global crash in crude oil prices, African countries whose economy are tied to the sale of the product will need to address fuel...
Banks in Nigeria are likely to have issues in the first half of 2015 with Non Performing Loans (NPLs) as a result of declining crude oil...
The Federal Government has disclosed its partnership with Chevron Nigeria on the mining and exploitation of bitumen in some parts of the country, majorly in Ondo...
