Energy Market
Nigeria, Oil Firms Record $4bn Windfall as Global Crude Prices Surge Amid Conflict
Nigeria and oil companies operating in the country have reportedly earned an estimated 4 billion dollars in additional revenue following a sharp rise...
Global Economy Faces Risk as Middle East Conflict Threatens Oil Supply
The global economy could face serious disruption if the ongoing conflict in the Middle East extends beyond six months, according to Patrick Pouyanne,...
Dangote Refinery Raises Petrol Price Amid Global Oil Tensions
Dangote Petroleum Refinery has announced a fresh increase in the price of Premium Motor Spirit, citing rising global geopolitical tensions and escalating crude...
Dangote Refinery Reverses Petrol Price Cut to ₦1,175 per Litre
The Dangote Petroleum Refinery has reversed its recent price reduction, raising the ex-depot price for Premium Motor Spirit PMS back to ₦1,175 per...
Rising US Iran Tensions Push Nigeria Petrol Prices Above N1,000 Per Litre
Nigeria’s downstream petroleum sector faces renewed pressure as experts warn crude oil prices could reach $130 per barrel if tensions between the United...
Petrol Price May Hit N1,000 Per Litre as Global Crude Oil Prices Surge
The pump price of Premium Motor Spirit (PMS), popularly known as petrol, may rise to as much as N1,000 per litre in the...
