The naira showed resilience against the US dollar last week, climbing to N1,537 per dollar as the FX reserves rose, while ...

Operators, yesterday, in Abuja said the return of Nembe Exploration and Production Company Limited remained critical to ...

Nigerian crude prices dipped to a three-week low on Tuesday, falling back to rates seen before the recent Israel-Iran fighting ...

Oil prices tumbled by six per cent this week after a ceasefire agreement between Iran and Israel sharply reduced concerns ...

Energy economist Kaseem Abidemi Obakhume in an explainer to Legit.ng discussed why PMS prices remain high in Nigeria despite ...

Meanwhile, OPEC, yesterday, put Nigeria’s crude oil output, excluding condensate, at 1.544 million barrels per day, bpd in May 2025. This showed a marginal increase of 1.44 per cent from 1.522 ...

The Conference of Nigeria Political Parties (CNPP) and a coalition of over 75 Civil Society Organisations (CSOs) under the ...

Bonny Light crude saw a 1.31% climb monthly in May 2025, to settle at $65.73 per barrel, while the average price remained at $65.90 per barrel over the period.

The price of Nigeria's Bonny Light, yesterday, rose to $76.60 per barrel from $73 per barrel at the backdrop of the continued hostility between Israel and Iran.

The world is currently witnessing a series of geopolitical shifts that threaten to reshape the global economic landscape.

However, Nigeria’s oil revenue is currently on the rise as market data revealed that Nigeria’s crude oil blend, Bonny Light, traded at $78 per barrel.