Oil Prices Set For $105 On Global Demand Growth   Solid growth in global oil demand is set to drive oil prices to above $100 this year and Brent Crude could trade at $105 per barrel by the fourth quarter. Also, global...

FG Disburses N173bn For Uniform Fuel Price Nationwide   The Federal Government disbursed about N173.2bn for the equalisation of over 11.6 billion litres of Premium Motor Spirit, popularly called petrol, between 2019 and 2022, data obtained from the Federal Ministry of...

Export Intervention Loans Now N44bn   The Central Bank of Nigeria’s intervention funds under its Export Facilitation Initiative rose to N44.58bn in October 2022. The bank disclosed this in statements released on its last Monetary Policy Committee meeting in 2022. “Under the Export...

NUPRC Commences 2022 Mini-bid Round   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the commencement of its 2022 mini-bid round. This is according to a press statement signed by NUPRC Chief Executive Officer, Gbenga Komolafe, on Tuesday, January 10, published...

Illegal Crude Oil Pipeline Discovered In Rivers Community   The authorities of the Tai Local Government Area of Rivers State, have said they have uncovered a pipeline used by illegal refiners to steal crude oil in Nonwa-Uedume community of the state. The...

'Recession, Hyperinflation Likely In 2023'   The Lagos Chamber of Commerce and Industry (LCCI) has said that economic conditions across regional blocs show that a recession or a significant slowdown of growth in 2023 is likely owing to spiralling inflation, high...