Oil Prices Soar Over 9% After Israeli Strikes on Iran Raise Supply Fears
Oil prices surged more than 9% early Friday, reaching their highest levels in nearly five months, following Israeli strikes on...
Markets Tumble as Israel Strikes Iran Nuclear Sites; Oil Soars, Haven Assets Surge
Global markets were rattled on Friday following reports that Israel launched strikes on Iran’s nuclear program sites, marking a serious...
FG Reaffirms Commitment to Revive Ajaokuta Steel Through China Partnership
The Minister of Steel Development, Mr. Shuaibu Abubakar Audu, has reiterated the federal government’s commitment to delivering a robust steel...
IPPG Backs NUPRC’s One Million Barrels Initiative as Nigeria Hits 97% of OPEC Quota
The Independent Petroleum Producers Group (IPPG) has pledged its full support for the Project One Million Barrels Incremental initiative, launched...
Nigeria Records N12.96tn Crude Exports in Q1 2025 Despite Refinery Feedstock Challenges
Nigeria exported crude oil and petroleum products valued at ₦12.96 trillion in the first quarter of 2025, according to the...
NAICOM to Issue Supplementary Guidelines to Strengthen Annuity Business
The National Insurance Commission (NAICOM) has announced plans to release supplementary guidelines for the annuity business in Nigeria, as part...
Federal Government Set to Cancel Inactive Oil Licenses in new Policy
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced plans to implement the ‘drill or drop’ policy across the country’s...
NNPCL Reports N748bn Profit, N5.89tn Revenue in Q1 2025
The Nigerian National Petroleum Company Limited (NNPCL) has released its first financial report under the current leadership, detailing a strong...
Weak Chinese demand, OPEC+ supply growth, and pending Trump review weigh on oil prices
Oil prices eased slightly on Wednesday as global markets processed the outcome of US-China trade negotiations, which are still pending...
Asian Stocks Edge Higher as US-China Talks End on Positive Note
Asian stocks posted modest gains following two days of trade discussions between the US and Chinese officials, which ended with...
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