Oil appreciated Tuesday, spurred in part by improving investors’ sentiment that oil-producing economies will fulfil their pledge to slash output and also by signs of growing...
Oil prices dipped in the early hours of Monday in response to the evolving cold war between the United States and China regarding the latter’s intention...
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 weakened early Friday following China’s refusal to perfect an economic growth plan for this year, stoking fears that the impact of the coronavirus pandemic,...
Oil prices maintained their upward drift Thursday morning, buoyed by a reduction in U.S. crude stock and production cuts by big oil-producing nations, which helped to...
Oil prices waned early Wednesday as panic of prolonged repercussions of the coronavirus outbreak overshadowed signs of increasing demand and output cuts by chief oil producing...
Oil prices strengthened further early Friday with intimations of improving demand from China as the world’s most populous country continually relaxed movement restrictions from the coronavirus...
Prices of oil strengthened on Thursday, boosted by a sudden decline in stocks in the U.S., the world’s biggest oil consumer, as the glut in the international...
Saudi Arabia’s vow to slash oil production in June as part of the measures to curb oil surplus at the global market and improve demand lifted...
Oil prices slid by more than 1% Monday morning on account of saturation in the global crude market and worries that the easing of lockdowns in...
Oil prices climbed up further on Thursday as U.S. inventories increased less than expected. Analysts however predicted that additional gains might be limited by the current...
Oil prices fell on Wednesday for the first time in the last few days as U.S. inventories rose higher than anticipated amidst a crash in fuel...
Oil prices rose further early Tuesday after the gains recorded at the previous session as more countries began to ease coronavirus lockdowns and crude supply cuts...
Oil prices showed signs of recovery Wednesday morning, modestly reversing some of the losses posted this week after storage in the U.S. rose less than expected....
Oil prices continued their free fall Tuesday morning as the world grappled with dwindling storage capacity and the fear that demand for fuel might recover slowly...
Oil prices showed some signs of recovery Wednesday morning as US oil futures jumped by over 20% and Brent eased after falling for two days as...
The global oil market may be right at its darkest hour as oil prices plunged below $30 per barrel on Monday. Governments around the world are...
The downtrend in the international oil market deepened early Friday with oil prices falling for the third straight day, setting in motion the biggest weekly drop...
Oil prices are feeling the coronavirus effect as the global commodity recorded its worst show in the international market in the just concluded week on the...
Oil prices rose by over one per cent on Monday as escalation in the tension between Tehran and Washington, following the assassination of top Iranian commander...
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...
Reluctance by European buyers over high prices has left about 20 cargoes of Nigerian crude oil from April loading unsold, Reuters has reported. The reluctance of...
Crude oil prices in the international market witnessed a robust leap, hitting the $70 dollar mark on Thursday, the first time since November, 2018. This is...
Figures made available by the Central Bank of Nigeria, CBN, have shown that the country’s foreign exchange reserve has hit a six months high at $44.14...
There are indications that crude oil imports from Nigeria could be further threatened with the country’s highest oil buyer, India, signing an agreement to import 0.6...
Fears that Nigeria’s 2019 budget may suffer huge revenue short fall may be abetted as the prices of crude oil in the international market rebounded on...
Operators in the organised Private Sector (OPS) have raised concerns about the declining oil prices and risk to government’s economic projections for 2019 fiscal year as...
Prices of crude oil made marginal gains on Monday after losing nearly 8 percent on Friday, with Brent going back to over $60 per barrel. Front-month...
The prices of oil prices slumped on Friday to the lowest levels since last year over concern of surplus crude supplies to the market. The WTI...
Minister of Finance Kemi Adeosun says under her watch, Nigeria has developed a buffer that helps it cope well with low oil prices. The minister said...
The much awaited meeting between OPEC members and non members of the oil producing cartel has led to another bout of oil price loss, making it...
The presidency has fully acknowledged that the Nigerian economy is in shambles, but is also optimistic that it can be fixed. The Presidency however warned that...
Nigeria and Libya are the only two OPEC-member countries not given chance to contribute on the debate on the Organisation’s new initiative aimed at influencing hike...
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, Saturday, defended the decision of the apex bank to increase interest rate, adding that...
The Federal Government, on Monday, revealed that its revenue projection in the 2016 budget fell by a whopping N1.064 trillion in the first half of the...
Oil prices, Friday, rose above the bench mark for Nigeria’s 2016 budget by $4.29, as prives rose for the third straight days. The latest price upward...
After positive signs of improving crude prices, hopes faded again on Tuesday, as prices dipped further below $40 per barrel. The further fall in prices may...
Minister of Petroleum, Dr. Ibe Kachikwu said Tuesday that Nigeria is taking the lead in a global effort aimed at freezing the level of oil production....
Nigeria may still go borrowing in 2016 to shore up its revenue, and finance its budget as the International Monetary Fund (IMF) Thursday predicted that crude...
The current cash crunch and liquidity flow that has hit the country which has made many states unable to pay salaries, may yet worsen as international...
Nigeria’s Excess Crude Account came under risk of depletion on Monday as the global benchmark Brent crude hit a four-month low of $53.33 per barrel. The...
The federal government has more than halved capital expenditure to less than 10 per cent of the 2015 Appropriation Bill, axing badly needed infrastructure investment due...
