The Organization of Petroleum Exporting Countries (OPEC) has reported a decline in Nigeria’s oil production following its April Monthly Oil ...

Q3 FID for Nigeria's Usan project as it shifts focus to secure deepwater plays with a $1.5B investment during 2025-2027.

A CMB.Tech suezmax tanker has shipped in the first cargo of domestic Egina crude to Nigeria’s huge new Dangote refinery.

The recent handling of Nigeria’s naira-for-crude oil sales to local refineries has brought long-standing gaps in the nation’s ...

Nigeria’s premium crude oil grades are trading above $65 per barrel as global oil prices hold steady despite OPEC agreeing to ...

ExxonMobil is committing $1.5 billion to deepwater oil and gas exploration in Nigeria, reflecting its confidence in the ...

Wale Edun, minister of finance and coordinating minister of the economy, has promised to provide further updates on the naira ...

The pressure was also evident in the parallel market, where Bureau De Change operators in Lagos reported that the Naira ...

Nigeria’s Excess Crude Account (ECA), once a strategic fiscal buffer designed to cushion the economy against oil price ...

So, why is this happening? Global tensions, particularly between the US and China, have slowed demand for oil. Additionally, OPEC+ countries have ramped up production, increasing supply and pushing ...

Despite the declining global crude price, a ranking showing the world's top 10 largest producer countries has emerged, with ...

The recent suspension of USAID assistance further compounds Nigeria's fiscal challenges, necessitating alternative funding ...