Naira Strengthens to N1,558 at I&E Window as Nigerian Oil Outperforms Brent

Naira appreciates to N765/$ in the parallel market.

The naira appreciated to N1,558.75 per US dollar at the official Investor and Exporter (I&E) window on Wednesday, September 11, ...

Oil Marketers Dismiss Claims of Dangote Refinery Selling Fuel in Dollars

Dangote Refinery Set to Make Historic Fuel Cargo Export

by Stephen Akudike

February 15, 2024

0

Africa’s largest oil refinery, the Dangote Refinery, has taken a significant step forward in its operations by initiating tenders to ...

OPEC Agrees to Production Cuts for Oil Market Stability.

Nigeria’s Crude Oil Production Slightly Decreases to 1.419mbpd in January 2024 – OPEC

by Victoria Attah

February 15, 2024

0

Nigeria's crude oil production experienced a minor decline to 1.42 million barrels per day (mbpd) in January 2024, as revealed ...

Nigeria’s Oil Landscape: Achieving Equilibrium Amid Global Challenges

by Stephen Akudike

November 15, 2023

0

In a significant revelation for Nigeria's oil sector, Giovanni Serio, the global head of research at Vitol, the world's largest ...

Naira Faces Fresh Challenges as It Surpasses N1,160 Against Dollar

by Stephen Akudike

November 1, 2023

0

The Nigerian naira has once again crossed a significant threshold in the black market, settling at N1,160 against the US ...

Morgan Stanley Raises Brent Oil Price Forecasts to $95 Per Barrel

by Akpan Edidong

September 21, 2023

0

In response to ongoing production cuts by Saudi Arabia and Russia, Morgan Stanley has revised its Brent oil price predictions ...

Brent Crude Surges to Nine-Week High Amid Supply Concerns and Technical Buying.

Brent Crude Hovers Above $81 on Supply Disruptions in Libya and Nigeria.

by Victoria Attah

September 13, 2023

0

Global benchmark Brent crude maintained its position above $81 a barrel on Friday, driven by bullish sentiment surrounding U.S. demand ...

Tag: oil market