Oil Prices Rise as UAE Increases Demand Amid Red Sea Attacks
Oil prices edged higher for a third consecutive session on Tuesday, buoyed by strong demand signals from the United Arab
Jeremiah Ayegbusi July 9, 2025
- July 26, 2025
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Oil prices edged higher for a third consecutive session on Tuesday, buoyed by strong demand signals from the United Arab
Dangote Refinery, the largest in Africa, is on track to process only Nigerian crude oil by the end of 2025,
The Nigerian naira strengthened further last week, appreciating by ₦10.67 to close at ₦1,528.56 per dollar at the official foreign
U.S. President Donald Trump escalated global trade tensions on Monday by announcing new tariffs of 25% on imports from Japan,
Nigeria’s Federation Account Allocation Committee (FAAC) disbursements in Q1 2025 showcased significant growth, with total FAAC allocation reaching N1,796.5 billion,
Mo Abudu’s Nigerian media company, EbonyLife Media has announced a collaboration with the International Finance Corporation and the African Development
Oil prices remained steady on Monday despite OPEC+ announcing a larger-than-expected production hike for August, stoking fears of an impending
Global oil firms like ExxonMobil, Chevron, TotalEnergies, and Eni have commenced active competition following Libya’s revived oil bid round, according
U.S. President Donald Trump has warned of an additional 10% tariff on any nation aligning with what he termed the
Nigeria recorded a current account (CA) surplus of $3.7 billion in Q1 2025, a 1.8% drop quarter-on-quarter despite a modest
OPEC+ has announced a larger-than-expected oil production increase for August 2025, further raising its output by 548,000 barrels per day
Clarion Shipping West Africa Ltd. has launched Nigeria’s first fully indigenous container shipping line, marked by the arrival of the
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