Oil prices maintain narrow band over trade tensions, production cuts
Oil prices appear to be trapped within a relatively narrow range, squeezed between competing forces on both the upside and downside.
Nigeria’s crude gets best offer since 2014
The Nigerian crude market remained strong on yesterday, with sellers feeling confident enough to offer Bonny Light and Qua Iboe around their highest in over four years, while Angola continued to trade at a brisk clip.
Nigeria’s crude oil suffers setback as more traders opt for U.S. blend
Nigeria’s crude oil is under serious pressure at the international market, as Asian refiners have increasingly been moving away from their usual favourite...
Government receives N18.99 billion NNPC’s refund
The Central Bank of Nigeria (CBN), which made this disclosure in its second quarter report, added that the sum of N7.86 billion was equally distributed as exchange gain among the three tiers of government as 13 per cent Derivation Fund.