Nigerian oil blends drew closer to the $80 per barrel mark once again, as the Iran-backed militias-Israeli conflict momentarily changed the dynamics of the oil market.
In the statement, it was said that the company has agreed to sell Equinor Nigeria Energy Company (ENEC), which owns about 54% of an oil and gas lease called OML 128.
Petroleum price may go up in just a matter of weeks, even as Nigerians have been advised to brace up for the negative effects such a development would have on the economy.
Recent developments in the global oil market have indicated that there may be a repeat of the oil price burst of 2014.
Andela's Co-Founder and former CEO of Flutterwave, Mr Iyinoluwa Aboyeji, has disputed claims that Nigeria's largest export is its crude oil.
