Price Drop Threatens Nigeria's Capital Projects Despite OPEC Quota Compliance   The Federal Government’s ability to meet up with its targeted revenue of N41trn to foot the 2025 budget is becoming a tall order with the instability in the global price of oil. This is even as...

Brent Oil Price Nears 3-Month High, Reaches $76   Global oil prices held steady near a three-month peak yesterday, driven by strong demand from Asian refineries, which in turn boosted the value of certain Middle Eastern oil grades. Brent traded near $76 a barrel after earlier Monday...

Oil prices fell sharply on Monday, with both Brent and US West Texas Intermediate (WTI) crude sliding over 2%

The price of oil ended a four-day losing streak by rising 1 percent on Friday, but fell for the week on concerns that strong US economic data would keep interest rates high. 

Nigeria, Africa's largest oil producer, may not reap a windfall from the recent rise in oil prices at $100 per barrel. 

Oil Prices Rise As Houthis Strengthen Their Attacks On Thursday, oil prices rose as Iran-aligned Houthis stepped up their attacks in the Red Sea near Yemen while the market faced a large build in crude inventories in the world’s largest producer, the United States. During the...