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Oil Price Rises By 2% After Falling To $36

Oil Price Rises By 2% After Falling To $36       The international oil benchmark, Brent crude, gained nearly two per cent on Monday, shaking off earlier losses, as the United States heads into a contentious presidential election. Brent, against which Nigeria’s oil is priced, had fallen more...

Oil Price Hits $36 Two-month High As Demand Recovers

Oil Price Hits $36 Two-month High As Demand Recovers   Oil prices rose yesterday to their highest since March 11, supported by lower United States’ crude inventories, supply cuts and recovering demand as governments ease restrictions on people’s movements imposed due to the COVID-19 crisis. Crude prices...

PoS Terminals Rise By 36% In 1 Year

PoS Terminals Rise By 36% In 1 Year The number of active Point of Sale terminals used by merchants for financial transactions rose by 36 per cent between June 2018 and June 2019, the latest report by the Nigerian Inter-Bank Settlement Scheme indicated. The report stated...

Nigeria’s Gas, Oil Export Sale Increases By 36%

Nigeria’s Gas, Oil Export Sale Increases By 36%   The Nigerian National Petroleum Corporation on Thursday announced total crude oil and gas export sale of $416.07m for June 2018, which was 35.78 per cent higher than what was recorded in the previous month. Details of the figures...