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It makes no sense for oil to be cheaper In Nigeria...

Nigeria’s President Muhammad Buhari on Thursday has defended the recent hike in the prices of petrol in the country, hinging the increment on the...

Oil hits lowest this century as COVID-19 crisis hammers demand

Oil slumped to less than $16 a barrel on Wednesday, hitting its lowest since 1999, with the market awash with excess supply as the...

US dollar knocks out naira as oil prices tumbles

The U.S. dollar hit a record high against the Nigerian naira in non-deliverable forwards markets on Tuesday, after a historic oil price rout pushed...

Oil giveaway brings out the bears

The crash in U.S. crude prices has turned a reliable commodity less than worthless and given fresh urgency to bearish voices, who say it...

It is Time For Nigeria To Build Strategic Crude Oil Reserve...

Former Vice Presidential of Nigeria, Alhaji Atiku Abubakar has said that with the coronavirus presently ravaging the world, the time is right for Nigeria...

U.S. oil off lows after falling over 20% to levels unseen...

Crude oil futures fell on Monday, with U.S. futures dropping more than 10% to levels unseen since 1999 amid concerns that U.S. storage facilities...

Governor Diri raises alarm as oil revenue declines

Bayelsa state government has expressed concern over the decline in revenue from the Federation Account arising from the global COVID-19 crisis. He said the economy...

NEMA says Lagos explosion not caused by oil pipeline vandalism

The National Emergency Management Agency (NEMA) says Sunday’s explosion which occurred at Abule Ado, Trade Fair axis of Lagos State was not caused by...

Oil prices plunge below $35, Saudi Arabia triggers price war

Saudi Crown Prince Salman: country slashes oil prices and set to increase output Saudi Arabia rattled the already depressed oil market to its foundation early...

FIRS targets N4trn from Oil, Gas

The Federal Inland Revenue Service, FIRS, said it would rake in N4 trillion as tax revenue from the extractive sector this year. FIRS made this...

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