oil prices.
12 Jan
Oil prices surged four percent on Friday after US and UK forces launched strikes against Iran-backed Huthi rebels following their attacks on ships in the Red Sea, fuelling worries about a wider conflict in the crude-rich region.
13 Sep 2023
The Nigerian government might spend more to subsidise Premium Motor Spirit (PMS) as oil prices rose, yesterday, following predictions of tighter supply by the Organisation of Petroleum Exporting Countries (OPEC).
4 Jun 2023
There are growing signs that major oil producers led by Saudi Arabia and Russia are considering slashing production further when they meet on Sunday in a bid to prop up prices.
25 Apr 2023
In periods of oil prices hovering around $100 per barrel, Nigeria scoops approximately $200 million per day in revenues from the global oil market. Who are the major beneficiaries of these proceeds?
Latest
29 mins ago
Gov. Usman Ododo on Saturday called on the Federal Government to urgently assist in tackling the menace of insecurity and incessant flooding in some parts of the State.
45 mins ago
China's foreign minister on Saturday accused Western partners in the AUKUS security pact of provoking division and raising the risk of nuclear proliferation in the South Pacific region.
50 mins ago
A chieftain of the Peoples Democratic Party (PDP) and former governorship aspirant in Ogun State, Segun Sowunmi, has said Nyesom Wike was on "loan" to work with the ruling All Progressives Congress (APC). Wike, a former Rivers State governor and current Minister of the Federal Capital Territory (FCT), fell out with the PDP hierarchy in…
1 hour ago
The Lagos State Government has clamped down on illegal estate developments around the Epe corridor of the state.
1 hour ago
The Nigerian Immigration Service (NIS) has made state of origin certificate a compulsory requirement for passport renewal and fresh application. Immigration made this known to the public in a post on its X handle on Saturday morning. It said passport applicants do not necessarily need to go to their states of origin to get the…
1 hour ago
Bearish sentiment persisted on banking stocks at the equity market on Friday, making the value of transactions traded on the floor of the Nigerian Exchange Ltd.(NGX) down by 2.60 per cent.
1 hour ago
One person was killed and eight wounded in an overnight explosion at an Iraqi military base housing a coalition of pro-Iranian armed groups, officials said Saturday.
1 hour ago
Vitesse Arnhem will be relegated from the Eredivisie after the Dutch football federation imposed a massive 18-point deduction after the club failed to meet the requirements of its licensing regulations.
2 hours ago
Ukraine launched drones at eight Russian regions overnight, hitting three electrical substations and a fuel depot, a source in Ukraine's defence sector told AFP on Saturday.