Energy
Oil extends gains on Russia-Europe tension, China stimulus hopes
Oil prices extended gains in early Asian trade on Wednesday as geopolitical tensions simmered with Russia warning of gas supply...
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Oil Theft: Navy Seizes 6 million Litres of Stolen Crude from Illegal Refiners
In furtherance of Operation Dakatar Da Barawo (OPDDB) that was launched to checkmate crude oil theft and related acts of...
Read moreOil prices extend losses as Shanghai lockdowns hit demand outlook
Oil prices extended losses on Monday amid persistent worries that prolonged COVID-19 lockdowns in Shanghai and potential U.S. rate hikes...
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Power generation crashes by 903MW, national grid crisis persists
The latest figures on Nigeria’s power grid performance released on Tuesday showed that the quantum of electricity generated on the...
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Oil prices rebound after sharp losses as supply concerns dominate
Oil prices rebounded on Wednesday from sharp losses in the previous session as concerns about tighter supplies from Russia and...
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Stakeholders call for LPG import with CBN N250b intervention
Stakeholders in the energy sector, yesterday, called for an end to the importation of liquefied petroleum gas (LPG) given the...
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Oil earnings drop by N75.9bn despite monthly price hike
Nigeria’s earnings from crude oil plunged by about N75.9bn in February and March this year despite the increase in global...
Read moreOil rises as Libya outage adds to supply woes
Oil prices rose on Tuesday as investors fretted over tight global supply after Libya was forced to halt some exports...
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Oil edges lower as market weighs mixed supply signals
Oil prices fell on Thursday, after rising sharply in the first half of the week, as traders weighed a larger-than-expected...
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Nigeria’s oil production crashed by 744,000 barrels in March – OPEC
Nigeria’s crude oil production crashed by 744,000 barrels in March 2021 when compared to what the country produced in the...
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