On Wednesday, Members of the OPEC+ producer in Africa Angola and Nigeria disclosed that they are planning on increasing the oil output for next year. However, the meeting to talk about next year’s p...
What Is Crude Oil?Crude oil, also known as petroleum, is a naturally occurring yellowish-black liquid mixture that is mainly hydrocarbons and is usually found in geological formations. The name p...
Oil prices recovered on Tuesday after witnessing a massive three-week , which was a result of the pressure of the United States dollar and the global economic negative trend. Brent crude oil rose...
On Thursday, September 28, Brent Crude oil rose to $97.2 per barrel making it to reach its highest level since it climbed in November last year.The surge in oil prices was driven by the rise in ...
Conoil Plc has recently awarded its shareholders with a total dividend payout of N1.73 billion for the year ended December 31, 2022.The company made the announcement last weekend when it released a st...
The market value of Wale Tinubu's stake in Oando Plc has increased by more than $40 million in the past 17 days, as investors continue to buy shares of the company on the Nigerian Exchange. This...
On Monday, the price of crude oil rose to a barrel costing $95 and beyond. Brent crude increased by 0.38% to settle at $94.30 a barrel as of 11.14 WAT, while US West Texas Intermediate crude increased...
The latest discovery on the Nigerian economy shows that the price of Bonny Light crude oil increased to $92.79 per barrel, which was a significant increase from the $90.88 per barrel recorded last Tue...
Oando Plc has just reached an agreement with Eni on the 100% acquisition of the Nigerian AGIP Oil Company Limited shares.This development was disclosed on Monday. However, the transaction was reliant ...
In recent years, Gabon's economy has experienced notable shifts, presenting a mixed bag of opportunities and challenges. Macroeconomic and financial developments have played a pivotal role in shaping ...