Oil & Gas

Oil Prices Crash Below $60: Nigeria’s Economy Reels As FG Push for Diversification

Oil Prices Crash Below $60: Nigeria’s Economy Reels As FG Push for Diversification

Nigeria’s economy is facing a severe setback as Brent crude oil prices plummeted to $59.62 per barrel on Wednesday, a… Read More

4 months ago

FG to Maintain Naira-for-Crude Policy to Ease Forex Pressure in Nigeria

The Federal Government of Nigeria has reaffirmed its steadfast commitment to the Crude and Refined Product Sales in Naira initiative,… Read More

4 months ago

Brent Crude Dips to $61 as China Imposes Additional 84% tariffs on U.S.

Oil prices plummeted further for a fifth day on Wednesday to their lowest since February 2021 as demand concerns intensified… Read More

4 months ago

Experts Weigh In: How Falling Oil Prices Impact Nigeria’s Budget, FX Reserves, Wi Mitigation Strategies

Nigeria, Africa’s largest oil producer, faces a daunting economic challenge as global oil prices plummet. Brent Crude stands at $63.86… Read More

4 months ago

Seplat’s Roger Brown: Indigenous Producers Are More Committed to Growing Nigeria’s Oil Output than IOCs

Roger Brown, CEO of London-listed Seplat Energy, In an interview with the Financial Times, asserts that Nigerian indigenous oil companies… Read More

4 months ago

Ojulari Promises to Build on Kyari’s Achievements as NNPCL GCEO

The newly appointed Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has pledged… Read More

4 months ago

OPEC+ to Raise Oil Production by 411,000 bpd in May

The OPEC+ coalition has decided to significantly boost oil production, agreeing to increase output by 411,000 barrels per day (bpd)… Read More

4 months ago

NNPCL Management Welcomes Ojulari, Honors Kyari’s Legacy

President Bola Tinubu appointed Ojulari to replace Mele Kyari in the early hours of Wednesday while also restructuring the NNPCL… Read More

4 months ago

Who is Bashir Bayo Ojulari? Meet the New NNPC Group CEO

President Bola Tinubu has appointed Bashir Bayo Ojulari as the new Group Managing Director and Chief Executive Officer of the… Read More

4 months ago

Petrol Prices Soar as Naira-for-Crude Deal Expires Today

Nigeria’s oil and gas industry is on edge as the naira-for-crude deal between the Nigerian National Petroleum Company Limited (NNPCL)… Read More

4 months ago