Buhari in phone call with Saudi Crown Prince over oil price
Saudi Crown Prince Muhammed Bin Salman, in a phone call with Nigerian President Muhammadu Buhari, reviewed the current progress made on the Opec+ deal, state news agency (SPA) said on…
Oil price inches to $31 per barrel on lockdown easing
Oil rose above $31 a barrel on Wednesday as some countries ease coronavirus lockdowns offset a report showing a higher-than-expected rise in U.S. inventories. Brent crude has almost doubled since…
2018 Budget: LCCI commends NASS over crude oil benchmark increase
May 17, 2018 The Lagos Chamber of Commerce and Industry (LCCI) on Thursday commended the National Assembly (NASS) for increasing the crude oil benchmark to $51 per barrel from the…
Oil price races to $80 per barrel as U.S. drilling rises
May 14, 2018 Oil prices steadied below 3-1/2 year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S….
Oil price approximately $75, market supported by Iran worries
May 1, 2018 Oil prices held steady on Tuesday as the dollar remained near a four-month high, with crude supported by worries that United Sstates President Donald Trump may pull…
Gov. Emmanuel raises hope for economy as oil price rises to $73/barrel
April 19, 2018 Governor Udom Emmanuel of Akwa ibom on Thursday expressed the hope that the nation’s economic recovery would move faster  following Tuesday’s positive jump in price of…
Oil surges more than 3% hitting over $70 over China, US feud
Oil prices rose over 3 per cent, on Tuesday as investors grew more confident that a brewing trade dispute between the United States and China may be resolved without harming…
Oil price rises towards $70 on reduced U.S. drilling activity, booming job market
March 12, 2018 Oil markets climbed on Monday on the back of a drop in the number of United States rigs drilling for more production and as the U.S. economy…
We’ll utilise extra income from rising oil prices for infrastructure – President Buhari
January 26, 2018 President Muhammadu Buhari says income accruing to the country from rising oil prices in the international market will be spent on the development of infrastructure. The President…
Oil prices edge up on tighter supplies, healthy demand
January 17, 2018 Oil prices rose on Wednesday on tightening supply and strong global demand although some analysts warned of a downward correction after a more than 13per cent price…