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 …
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Markets
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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 …
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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 …
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In the NewsMarketsOil & Gas
Oil Prices Slide as Trade Tensions and Surplus Fears Keep Markets Under Pressure
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 …
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In the NewsMarketsOil & Gas
Algeria Inks $5.4 Billion Oil and Gas Pact With Saudi Arabia’s Midad Energy to Boost Production
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 …
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In the NewsMarketsOil & Gas
Brent Crude Slides 6% in October as US-China Tensions and Rate Expectations Weigh on Oil
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 …
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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 …
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In the NewsMarketsOil & Gas
NNPC Raises Petrol Price to N992 in Lagos as Nigerians Brace for Tougher Times
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 …
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MarketsOil & Gas
Nigerian Oil and Gas Stocks Rally as NGX Index Nears 2,700 Benchmark on Investor Optimism
KEY POINTS The Nigerian oil and gas sector is enjoying a strong rebound this month, as renewed investor confidence and firm price action in a handful of key stocks lift …
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KEY POINTS Oil prices edged higher on Monday after OPEC+ opted for a smaller-than-expected output hike for November, calming worries of a sharp supply influx but leaving markets cautious about …