Energy
Oil Prices Rise as Israel Strikes Gaza Amid Ceasefire Talks
Oil prices saw a modest uptick on Tuesday following Israel's strike on Rafah in Gaza, while negotiations for a ceasefire...
Read moreOil Prices Rise as Saudi Arabia Hikes June Crude Prices Amid Geopolitical Tensions
Oil futures saw an uptick on Monday following Saudi Arabia's decision to increase June crude prices for most regions. The...
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Federal Government Defends Electricity Tariff Hike Despite Labour Opposition
The Federal Government has stood firm in its defense of the recent electricity tariff hike and the removal of subsidies...
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ExxonMobil’s Assets Sales To Seplat: $1.28bn Deal to Wind Up in Less Than 14 Days
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has signaled that the sale of ExxonMobil's Nigerian petroleum assets to Nigeria's Seplat...
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Oil prices set for steepest weekly drop in 3 months
Oil prices edged up on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for...
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Oil prices rebound on hopes US will replenish strategic reserve
Oil prices saw a resurgence on Thursday, bouncing back from a three-day decline, driven by anticipation that lower price levels...
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Federal Government Halts Licenses for Gas Companies Without Pipeline Capacity
In a significant move aimed at enhancing safety and efficiency in the gas sector, the Federal Government has announced its...
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Petrol scarcity: House of Reps Committee Assures Nigerians of Imminent End to Fuel Queue Woes
The House of Representatives Committees on Petroleum Resources (Midstream and Downstream) have offered assurances to Nigerians that the persistent long...
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Rivers IPMAN Assures Adequate Fuel Supply Amid Nationwide Scarcity
Amidst the ongoing fuel scarcity affecting various parts of the country, the Independent Petroleum Marketers Association of Nigeria (IPMAN) in...
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FG Commences 2024 Oil Bid Rounds Under Petroleum Industry Act
The Federal Government of Nigeria has officially announced the commencement of the 2024 oil bid rounds in accordance with the...
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