Energy
Oil drops as Russian price cap proposal eases tight supply fears
Oil trickled down on Thursday, hovering around two-month lows, as the proposed price cap on Russian oil from Group of...
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OPEC: Dangote’s 650,000bpd Facility to Account for More Than Half of 1.2m bpd Expected Africa’s Refining
The Organisation of Petroleum Exporting Countries (OPEC) has said the much-awaited Dangote Refinery’s refining capacity would account for more than...
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PMI drops marginally by 0.1 points to 53.6 points
The Purchasing Managers Index, PMI, which gauges the level of activities in the real sector, has dropped marginally by 0.1...
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Marketers protest N185/litre fuel, threaten strike
The Independent Petroleum Marketers Association of Nigeria, on Monday, threatened to withdraw its service over incessant increment on the price...
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Oil prices rise as weaker dollar offsets China COVID-19 concerns
Oil prices rose on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs...
Read moreOil earnings crashed by N288bn in Q3 – FG
Nigeria’s earnings from crude oil crashed by N287.95bn in the third quarter of 2022 as a result of the incessant...
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Conoil rewards Shareholders with N1.73bn dividend as profit surges by 13%
Shareholders of nation’s total energy provider Conoil Plc, at the weekend, unanimously approved the proposed final dividend payout of N1.734...
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Oil prices climb on strong U.S. crude exports, China fears linger
Oil prices rose on Thursday, extending a more than 3% rally in the previous session, boosted by record U.S. crude...
Read moreOil dips on U.S. crude stock build, supply worries limit losses
Oil prices eased on Wednesday after industry data showed U.S. crude stockpiles rose more than expected, but losses were capped...
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Oil prices slide as China demand data disappoints
Oil prices fell on Monday after China released much-delayed trade data which showed that demand in the world's largest crude...
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