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Amid Supply Constraints, Crude Oil Hits $77

Amid Supply Constraints, Crude Oil Hits $77           The price of the international crude oil benchmark, Brent, rose on Thursday amid supply constraints and a drop in United States oil reserves. As of 9:16pm Nigerian time on Thursday, Brent traded at $77.19 after it rose by 1.13...

Oil Now $77 As Daily Petrol Subsidy Rises To N6.07bn

Oil Now $77 As Daily Petrol Subsidy Rises To N6.07bn       The further rise in global crude oil prices has pushed the daily subsidy on Premium Motor Spirit, also known as petrol, to N6.07bn. Petrol subsidy, which was removed in March 2020, re-emerged earlier this year as...