Oil marketers have indicated that petrol and other petroleum-product prices in Nigeria could rise following a sharp increase in international crude oil prices, with major...
The Nigeria Labour Congress (NLC) has criticised the latest increase in the price of Premium Motor Spirit, popularly known as petrol, describing the development as...
Crude oil imports by Nigeria’s domestic refineries surged by 151.5 per cent in July 2026, reaching 5.13 million barrels, up from 2.04 million barrels in...
The Federal Government has introduced an automated crude oil trading platform designed to connect regulators, crude oil producers, refineries and oil marketers in a single...
Nigeria earned an estimated N24.02 trillion from crude oil exports in the first six months of 2026, with higher international oil prices significantly increasing the...
The Federal Government’s earnings from crude oil exports declined by 14.41 percent to $31.54 billion in 2025, down from $36.85 billion recorded in the corresponding...
Despite a sustained decline in global crude oil prices in recent weeks, petrol prices across Nigerian filling stations have remained largely unchanged, raising concerns among...
Nigeria’s current account surplus rose sharply by 255.7 per cent quarter-on-quarter to $4.98bn in the first quarter of 2026, driven by higher crude oil, gas...