Energy
Oil up as U.S. crude stocks seen falling, OPEC+ concerns limit gains
Oil prices rose in early Asian trade on Wednesday as U.S. crude inventories were seen falling, but concerns that OPEC+...
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Oil drops more than $1 as China’s COVID protests fuel demand worries
Oil futures fell more than $1 early on Monday as protests in top importer China over strict COVID-19 curbs fuelled...
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NNPC meets marketers as petrol scarcity bites harder
The scarcity of the premium motor spirit, popularly called petrol, has continued to spread across many states, resurfacing in Abuja...
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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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