In December, the Organization of Petroleum Exporting Countries (OPEC) produced an average of 28.05 million barrels per day (mbpd), sticking to production restraints established...
On Tuesday, the Nigerian Exchange Ltd. (NGX)'s market capitalization increased by N666 billion, or 1.63 percent, on the first trading day of the year....
The Minister of State for Petroleum Resources, Heineken Lokpobiri, has expressed optimism about Nigeria achieving a crude oil production target of 2 million barrels...
Dangote Refinery has been tipped to address 100 percent of Nigeria’s domestic demand for gasoline, diesel, kerosene, and aviation jet fuel as well as...
The foreign exchange (FX) market resumed trading after the Christmas holidays, with Nigeria’s naira strengthened against the U.S. currency on 38.81 percent increase in...
The Central Bank of Nigeria (CBN) recently lifted the ban on cryptocurrency usage, and some significant shift in perception towards it among the general...
A Nigerian-based energy company, Riverside LNG, has revealed an ongoing discussions regarding a potential agreement to supply gas to South Africa from the first...
Experts and industry insiders have suggested that the Central Bank’s recapitalization plans might vary depending on the size of the banks. They also hinted...
