Africa's richest man, Aliko Dangote, has disclosed that his $20 billion worth of oil refinery 'Dangote Refinery' will soon be listed on the Nigerian Exchange Limited (NGX) to attract investors into th...
Premium Motor Spirit, also known as gasoline or petrol, durum wheat, and used vehicles topped Nigeria's list of top imported items in 2021, accounting for 28.9 percent of the total import bill recor...
At the 7th Annual Edition of the Zenith Bank International Trade Seminar with the theme "Unlocking Opportunities in Nigeria's Non-Oil Export Business," held on Wednesday, stakeholders unanimously...
One of the key causes of what has become the biggest inflation in a generation has been energy expenses. The price of a barrel of U.S. benchmark crude oil just hit a seven-year high of $87 a bar...
Crack spread is a term used in oil futures trading and is derived from the chemical process of cracking (heating crude oil to certain temperatures to distill off different grades of fuel). A...
Despite surpassing second-quarter profits on strong refining margins and trading, British oil major BP increased its dividend and increased share buybacks on Tuesday. The giant energy com...
On Friday, global equities held on to their week's gains, but increasing interest rates, high oil prices, and ongoing Russian-Ukraine crisis kept the rebound in check, as yields issued a war...
Nigeria has filed a lawsuit in a London court against JP Morgan Chase, demanding over $1.7 billion in damages for its role in the disputed 2011 Malabo oil sale. The hearing is set to begin on Wednesda...
Project Type Integrated refinery and petrochemical complex Location Lekki Free Zone, Lagos, Nigeria Processing Capacity ...
Russia's invasion of Ukraine poses significant risks to a global economy still recovering from the effects of the COVID-19 pandemic. The war appears to be Europe's most serious conflict since 19...