Investing in oil is a tremendous investment vehicle with an upside that can cause your investment to be 75% to 100% tax-deductible. However, there are certain risks associated with investing in oil. I...
The National Security Adviser to President Tinubu, Malam Nuhu Ribadu has expressed his regrets as he describes how Nigeria still loses 400,000 barrels of crude oil due to oil theft from both local and...
The federal government recently announced that the bidding process for the 2024 oil round has begun. Twelve oil and seven deep offshore blocks from the previous round are for sale.The Nigerian Upstrea...
2020 has indeed been a pretty rough year so far due to the sudden coronavirus pandemic. Global economies have taken a different turn as the pandemic worsens, and different sectors of the economies are...
One of the best investment opportunities that yield amazing results is investing in Oil Wells. This is because investing in oil provides the opportunity to earn additional profit from tax. Also, despi...
Like every other futures contract, oil futures contract or crude oil futures is a legal agreement that binds two parties to either buy or sell oil at a predetermined amount, at a stipulated time in th...
It was said that Nigeria's oil industry would gain pace heading into 2022 after the passage of the Petroleum Industry Act (PIA) and a moderate recovery from a COVID-19-induced recession; but, the sect...
The oil market took a different turn on Monday after it fell it to its worst day on record. Since the coronavirus pandemic started, as feared, the demand for crude oil was certainly going to drop. But...
According to a recent report, Nigeria lost over N720 billion in revenue in February and March 2024 due to its crude oil production declining month after month.It was also announced that Nigeria missed...
Nigeria has once again reclaimed its position as Africa's leading crude oil producer, as reported by the Organization of Petroleum Exporting Countries (OPEC) for the month of May 2023. The country's d...