oil price

Fear over 2025 FG revenue target after oil price crashFear over 2025 FG revenue target after oil price crash

Fear over 2025 FG revenue target after oil price crash

Fear over 2025 FG revenue target after oil price crash The price of Bonny Light, Nigeria’s premium oil grade, yesterday, dropped…

1 week ago
Oil price falls to $95 a barrel over plans to restore Iran nuclear dealOil price falls to $95 a barrel over plans to restore Iran nuclear deal

Oil price falls to $95 a barrel over plans to restore Iran nuclear deal

Oil prices plunged on Tuesday amid a considerable progression in restoring Iran’s 2015 nuclear deal with world powers. Brent crude…

3 years ago
Oil Price Soars to Seven-year High, Surges Near $87pbOil Price Soars to Seven-year High, Surges Near $87pb

Oil Price Soars to Seven-year High, Surges Near $87pb

•Supply constraint, fading COVID-19 fears drive up prices •Nigeria leads OPEC’s underperformance Oil prices traded within striking distance of its…

3 years ago
Oil prices fall to $81.88 on OPEC output increaseOil prices fall to $81.88 on OPEC output increase

Oil prices fall to $81.88 on OPEC output increase

Crude oil prices fell to $81.88 as the Organisation of the Petroleum Exporting Countries and its allies agreed to continue…

3 years ago
W/Bank: Higher inflation ahead as oil price hits $86/barrelW/Bank: Higher inflation ahead as oil price hits $86/barrel

W/Bank: Higher inflation ahead as oil price hits $86/barrel

The World Bank Group says a higher global inflation rate is ahead, noting the current oil price rise may continue…

3 years ago
Price of Nigeria’s brand of crude hits $80.70 per barrelPrice of Nigeria’s brand of crude hits $80.70 per barrel

Price of Nigeria’s brand of crude hits $80.70 per barrel

The price of Bonny Light, Nigeria's brand of crude oil, has risen to $80.73 per barrel, from $77.86, barely 24…

4 years ago
Oil rises to $76 as OPEC+ postpones production supply decisionOil rises to $76 as OPEC+ postpones production supply decision

Oil rises to $76 as OPEC+ postpones production supply decision

Crude oil prices rose on Monday ahead of another meeting of the Organisation of the Petroleum Exporting Countries and allies…

4 years ago
Oil price raises Nigeria’s external reserves to $34.8bnOil price raises Nigeria’s external reserves to $34.8bn

Oil price raises Nigeria’s external reserves to $34.8bn

Nigeria’s external reserves rose by $404 million to $34.820 billion as of March 31, 2021. This, according to figures from…

4 years ago
Abuja fuel queues persist as oil hits $66 ahead of OPEC meetingAbuja fuel queues persist as oil hits $66 ahead of OPEC meeting

Abuja fuel queues persist as oil hits $66 ahead of OPEC meeting

The price of crude oil (Brent) itched close to $66 a barrel at the close of business on Monday, the…

4 years ago
Hope for Nigeria’s economy as oil price hits $57Hope for Nigeria’s economy as oil price hits $57

Hope for Nigeria’s economy as oil price hits $57

Crude oil prices have continued to rise, hitting $57 a barrel on Tuesday, the highest level in nearly 12 months.…

4 years ago