KEY POINTS Nigeria is beginning to feel the economic weight of the Dangote Refinery, with the facility now saving the country more than N10 billion annually in foreign exchange as …
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Oil Gains
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KEY POINTS Oil prices rose on Monday, lifted by a weaker U.S. dollar and mounting supply concerns tied to intensifying Russian and Ukrainian airstrikes on energy infrastructure. Brent crude climbed …
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In the NewsMarketsOil & Gas
NNPC Profit Slumps Nearly 80% in July as Revenues Falter Despite Oil Gains
KEY POINTS After-tax earnings for the Nigerian National Petroleum Company Limited, NNPC, fell to ₦185 billion ($126 million) in July from ₦905 billion the month before, marking one of the …