Total, GTBank, Zenith Bank up, Bulls return to Nigerian Stock Market

Closed Period, Investors' demand for Nigerian stocks climb, as portfolio investment gains N223.4 billion, NSE CGI down by 0.93%, as shares of Unilever, Dangote Sugar, PZ decline, Positive Sentiment drives N13.54 billion Appreciation in Market Capitalization

TOTAL led 30 Gainers as against 11 Losers topped by CUTIX at the end of today's session.

Brent crude drops to $25, oil demand drops by about 10% of world’s consumption, Brent Crude Oil hits $26, as Nigeria's Sweet Crude demand falls, Oil price pushes up before OPEC meeting, Asian equity markets mixed, NIGERIA OIL: Darker days ahead as Brent falls below production cost, Brent crude drops, as oil traders focus on OPEC+ meeting

Brent crude drops, as traders focus on OPEC+ meeting

by Olumide Adesina

June 1, 2020

OPEC+ agreed in April to reduce output by an unprecedented 9.7 million barrels per day in May and June after ...

Crude oil prices, bonny light, 4 key reasons why Brent crude might slip back to $35 per barrel, Crude oil prices resume weekly gains as demand picks up

Nigeria’s Bonny light crude up by 22.7% as global oil demand improves

by Chike Olisah

May 6, 2020

The recovery of crude oil prices from last month’s unprecedented crash seems to be moving swiftly, as more countries ease ...

Exchange rate depreciates at NAFEX window as forex liquidity drops further by 57%, Central Bank Continues intervention in Forex market to stabilize Naira, Naira to depreciate slightly over $1.52 billion maturing contracts expires, Naira hits N388.84 to $1 at the currency spot market, Investors and Exporters (I&E) window, Naira weakens against the dollar by 1.14% amidst uncertainty, Naira gains against the dollar at I&E window, forex liquidity up by 242%

Naira to depreciate slightly over $1.52 billion forward contracts

by Olumide Adesina

April 30, 2020

Currency traders are expecting the naira to fall slightly today, due to the maturing $1.52 billion April 29 contract.

NNPC, EXXON MOBIL, CHEVRON, CRUDE OIL PRODUCTION

Exxon Mobil, Shell, Chevron, others might be forced to reduce oil production in Nigeria

by Olumide Adesina

April 29, 2020

Nigeria has been unable to find ways to cut oil production, as part of the OPEC+ deal signed weeks ago. ...

Brent crude crashes 5%, oil storage capacity almost full,Brent crude oil surges to $31.55, oil demand picks up, Nigeria and the irony of rising crude oil prices

Brent crude slides by 8%, as storage fears mount

by Olumide Adesina

April 27, 2020

Oil prices dropped today, based on signals that global oil storage ability is getting filled up, oil production cuts will not meet up.

Crude Oil worker, OPEC, oil prices, Bulls hit back to support US crude oil amid panic sell- offs in global equity markets, Nigeria’s local oil players smashed by low crude oil prices

Nigerian crude producers smashed by low crude oil prices

by Olumide Adesina

April 25, 2020

Nigeria’s local oil players are having it rough based on falling crude oil prices, with recent prices lower than local production

Nigeria’s bonny light crude avoids price crash

by Nairametrics

April 21, 2020

Oil prices, particularly WTI, crashed below $0 during on Monday for the first time ever sending shock waves across the ...

Why is Nigeria not hedging its crude oil like Mexico?

by Olumide Adesina

April 14, 2020

Nigeria does not have any crude oil hedging programme in place. Instead, it sells its crude oil on spot prices. ...

Oil Price: A dead cat bounce in the making?

by CSL Stockbrokers

April 8, 2020

The International Energy Agency (IEA) in its latest forecast, expects Brent oil price to average US$33 this year.

Tag: Brent crude oil prices