Category: Oil and Gas

Oil prices slide below $80 on US-Iran peace hopes

Global oil prices extended their decline on Tuesday, falling to their lowest levels in about...

Oil, gas, banking stocks drag market into bearish mode

The Nigerian equities market relapsed into a bearish mode on Monday, June 15, 2026, as...

Oil prices fall as US-Iran deal reopens Hormuz Strait

Oil prices fell sharply on Monday while global equities rallied after the United States and...

Nigeria’s domestic gas sales rise 30% on PIA reforms — Report

Nigeria’s domestic gas market recorded a significant increase in sales, rising by about 30 per...

Petrol may fall to ₦900/litre amid US-Iran truce — Marketers

The price of Premium Motor Spirit (petrol) may drop to as low as N900 per...

Criminals pose as FG taskforce to steal nine kilometres pipeline — NNPCL

The Nigerian National Petroleum Company Limited has uncovered a disturbing trend in the country’s worsening...

Oil prices rise as US strikes on Iran raise supply fears

Oil prices werme volatile on Wednesday following U.S. military strikes on Iranian targets, heightening fears...

Nigeria’s crude oil exports hit ₦11.2trn in Q1

Nigeria’s crude oil exports rose to N11.20 trillion in the first quarter of 2026, reinforcing...

Petrol imports crash by 96% as Dangote Refinery boosts supply

Nigeria’s spending on the importation of Premium Motor Spirit, popularly known as petrol, plunged by...

Nigeria’s trade surplus hits ₦7.55trn on oil export boom

Nigeria’s merchandise trade surplus surged to N7.55 trillion in the first quarter of 2026, representing...

OPEC+ raises oil output by 188,000bpd amid Middle East tensions

OPEC+ has agreed to another boost in oil production for July, increasing output targets by...

Navy intercepts 135,000 litres stolen fuel in Rivers waterways

The Nigerian Navy says its operatives under Operation Delta Sentinel have intercepted over 135,000 litres...