crude oil

Concerns over NNPCL’s $2bn crude-backed loan despite failing to list in stock market

THERE are concerns over the Nigerian National Petroleum Company Limited's (NNPCL) quest for another $2 billion crude-backed loan tranche...

Crude oil prices settle above $90 first time since April

THE price of crude oil has traded above $90 per barrel amid concerns over Nigeria's daily production volume. The ICIR...
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Seplat Energy extends ExxonMobil’s proposed $1.28bn acquisition

SEPLAT Energy has extended the share sale and purchase agreement of $1.28 billion to acquire ExxonMobil’s share capital of...

2024 budget to suffer setback as Nigeria won’t meet 1.78mbpd crude benchmark

NIGERIA's budgetary provision of 1.78 million barrels per day (bpd) of crude oil production will fall below the benchmark...
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Despite 70 million litres of PMS discharged daily in 2 weeks, scarcity persists — Report

A REPORT by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has revealed that about N71.03 million litres...

Opportunities for Nigerian traders as crude, wheat, palm oil prices skyrocket

THE Russian invasion of Ukraine has spiked prices of wheat, crude and palm oils as market volatility and shortfalls continue to push up costs of these products in the global market.
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