Oil slumps to lowest price since US-Iran conflict
Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an…
Oil exports drive Nigeria’s current account surplus to $4.98bn
Nigeria’s current account surplus rose sharply by 255.7 per cent quarter-on-quarter to $4.98bn in the first quarter of 2026, driven…
Oil prices tumble further as US,Iran sign peace pact
The United States and Iran have signed a deal to end the Middle East war, with a ceremony set for…
Movement of Crude Delayed By Ship Owners Until U.S-Iran MoU Takes Effect.
Energy market analysts have cautioned that the U.S.-Iran deal and the potentially imminent reopening of the Strait of Hormuz do…
FG moves to curb rising cooking gas price
The Federal Government has directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to intensify engagement with producers, marketers…
Dangote Refinery reduces petrol gantry price
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (petrol) by N75 per litre In a circular…
SERAP sues NNPCL
The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company Limited (NNPCL) “over…
Nigerian households groan as price of cooking gas soars
Despite repeated assurances of cheaper and sufficient cooking gas in the country, many households in Nigeria are worried that the…
Crude Oil Prices Slide As US–Iran Peace Deal Boosts Global Equities
As oil prices fall, stocks have soared on Monday following the United States – Iran agreement to end their war…
NIGERIA MEETS OPEC QUOTA
Nigeria’s oil production witnessed an upswing in May 2026, averaging 1,530,354 barrels of crude oil and 170,446 barrels of condensates…