Markets

KEY POINTS Nigeria’s economy has taken another hit as the recent nationwide strike by senior oil workers, PENGASSAN, caused massive disruptions in crude oil production, gas supply, and electricity generation.  …

KEY POINTS Oil prices slid by about 2 per cent on Tuesday, extending a three-day losing streak as investors digested the effect of fresh U.S. sanctions on Russia’s top oil …

KEY POINTS Nigeria’s oil earnings fell sharply below expectations in the final quarter of 2024, with the Budget Office of the Federation reporting that net oil revenue stood at ₦3.34 …

KEY POINTS When we talk about a single forex trade in Africa, we typically imagine someone hitting “buy” or “sell” on a laptop or mobile phone.  What we don’t usually …

KEY POINTS The Nigerian National Petroleum Company, NNPCL, has posted a total revenue of N4.27 trillion and a profit after tax of N216 billion for September 2025, underscoring a steady …

KEY POINTS Oil prices extended their decline on Wednesday, clinging to five-month lows amid mounting anxiety over a renewed US-China trade spat and forecasts of an impending supply glut that …

KEY POINTS Algeria has signed a sweeping $5.4 billion oil and gas production-sharing agreement with Saudi Arabia’s Midad Energy, marking one of the North African nation’s largest energy pacts in …

KEY POINTS Global oil markets are under renewed pressure as Brent crude prices dropped more than 6% in October, slipping toward $62 a barrel and struggling to hold above the …

KEY POINTS Nigeria’s Bonny Light crude held firm around $67 a barrel on Monday as a wave of renewed optimism swept through global oil markets, driven by hopes that the …

KEY POINTS Nigeria’s state-owned oil company, the Nigerian National Petroleum Company, NNPC, has raised the pump price of petrol to N992 per litre in Lagos, up from N865, marking yet …