Local media reports citing a recent report by NNPC say the federal government paid N752bn as a petrol subsidy in 2019.
The recovery of crude oil prices from last month’s unprecedented crash seems to be moving swiftly, as more countries ease their coronavirus lockdowns and output cuts...
Oil prices dropped today, based on signals that global oil storage ability is getting filled up, oil production cuts will not meet up.
Market sentiments are divided on where oil prices would head in the short term based on new activities taking place.
Nigerian banks claim they have protected themselves against a potential loan crisis in the oil and gas sector. But is it enough?
U.S. crude rose on Tuesday morning, but a historic fall in its May contract, which plunged below zero, raised concerns among investors
So what was agreed? Here is the break down of the cuts and the timelines;
The global spread of COVID-19 and fear of another surge later in the year could limit travel plans for dollar-hungry Nigerians, easing pressure on the already...
There might be hope for Nigeria and other producers in the oil market as Russia says it is still open to OPEC negotiation on oil production...
The effects of coronavirus are now being felt worldwide — from supply chains to price of crude oil and copper and global stock prices tumbling.