Oil prices climbed above $100 per barrel, as conflict in the Middle East disrupted shipping through the Strait of Hormuz,
Nigeria’s 2026 budget assumes oil at $64.85 per barrel. If crude rises toward $100 amid escalating tensions involving Iran, the
Bismarck Rewane, chief executive of Financial Derivatives Company, has said the Naira could strengthen in the short term as rising
President Bola Ahmed Tinubu has signed an Executive Order directing the immediate remittance of key oil and gas revenues to
Nigeria’s national oil company, NNPLC is carrying crude-backed loan obligations estimated at ₦8.07tn, according to an analysis of the Nigerian
Nigeria’s oil production soared beyond 1.8 million barrels per day (bpd) in July, exceeding its OPEC quota of 1.5 million
Nigeria’s economic reforms have revitalized investor sentiment, signaling a brighter outlook for Africa’s largest crude producer. However, declining oil prices
On Wednesday, NNPC announced securing a $3 billion crude oil backed loan from AFREXIM Bank in Cairo. It is noted
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