Oil Exports Lift Nigeria-UK Trade to £7.6bn
Nigeria’s crude oil exports played a significant role in raising total trade between Nigeria and the United Kingdom to £7.6bn in 2025, according to the new trade and investment figures released by the UK Department for Business and...
The Vanguard editorial of May 5, 2026 (Page 18), titled “Protecting Nigerians from Global Oil Shocks,” shines a much-needed spotlight on a critical crisis currently hitting close to home for every Nigerian. I
Iran Slashes Oil Output as Storage Hits Capacity Limit
The United States and Iran are edging towards a temporary agreement to halt their war as Tehran grapples with an escalating oil storage crisis caused by stalled crude exports and falling production.
Sources and officials told Reuters...
Nigeria is set to benefit from rising foreign exchange inflows as global crude oil prices surged above $105 per barrel, far above the 2026 budget benchmark of $64.85.
Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as the Dangote Petroleum Refinery struggled with inadequate domestic feedstock supply.
