Crude Oil Falls Below $72 as Petrol Remains Above N1,000   Crude oil prices dropped to $71.21 on Wednesday even as the Nigerian National Petroleum Company Limited (NNPCL) and other fuel marketers retained petrol prices above N1,000 per litre. According to Oilprice.com, Brent crude fell further to...

Nigeria exported about 148.9 million barrels of crude oil worth ₦20.22 trillion in the first five months of 2026, according to figures from the Central Bank of Nigeria (CBN).

Dangote Slashes Petrol Price by N50 Following Crude Drop   The Dangote Petroleum Refinery has reduced its petrol gantry price by N50 per litre, lowering it from N1,175 to N1,125 per litre following the further decline in global crude oil prices amid easing tensions in the...

Petrol Prices Stay High Despite Crude Oil Fall to $73   The price of petrol has remained high even as crude oil prices crashed to $73 per barrel on Wednesday, their lowest level since the US-Iran conflict began in February. According to Oilprice.com, crude oil fell from...

Nigeria’s crude oil export earnings fell by ₦1.75 trillion in Q1 2026, despite a rally in global oil prices, according to the National Bureau of Statistics (NBS).

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...