38 m. ago BREAKING: Again, Dangote Refinery Slashes Petrol Price To N835 Per Litre

The Dangote Petroleum Refinery has announced another reduction in the gantry price of Premium Motor Spirit (PMS), commonly known as petrol from N865 to N835 per litre. The price slash came after the recent decline in global crude oil prices, which have dropped to $64 per barrel from over $70 per barrel in recent weeks. […]

Politics

33 h. ago OPEC cuts global oil demand growth forecasts over US tariffs

The Organisation of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. A report by Reuters quoting the OPEC Monthly Oil Market Report for April said the Secretariat now sees demand growing by 1.3 million barrels per day in 2025, Read More

Politics

60 h. ago Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence

By Chinwendu Obienyi Nigeria’s foreign exchange (FX) market is once again facing renewed volatility as global economic uncertainties, driven by slumping oil prices and protectionist trade measures from the United States, continue to exert pressure on the naira and the nation’s external reserves. Daily Sun gathered that despite demand pressures and intervention by the Central […] The post Oil price slump as tariff tension pushes Nigeria’s FX market into turbulence appeared first on The Sun Nigeria.

Politics

6 d. ago Oil prices hit pandemic level in threat to Nigeria’s revenue

Nigeria’s economy is facing a renewed strain as global oil prices plummet, reaching levels reminiscent of the devastating downturn experienced read more Oil prices hit pandemic level in threat to Nigeria’s revenue

Events

6 d. ago Nigeria’s oil revenue threatened by price drop to $59 per barrel

The price of crude oil has dropped to $59 per barrel, the first decrease since February 2021. According to reports on Wednesday, Brent crude, global oil price, fell by 5.09 percent to $59.62 per barrel at 12.30 WAT, while the US West Texas Intermediate fell by 5.54 percent to $56.28 per barrel. The fall in […] The post Nigeria’s oil revenue threatened by price drop to $59 per barrel appeared first on The Sun Nigeria.

Politics

7 d. ago Goldman Sachs Slashes Oil Price Forecast To $58/b On Recession Fears

Goldman Sachs has slashed its oil prices forecasts again and now expects Brent Crude to average below $60 per barrel next year, at $58, amid recession risks, slowing demand, and more supply from the OPEC+ producers. The investment bank had previously forecasted oil demand growth at 600,000 barrels per day (bpd) this year but now […]

Economics

8 d. ago Crude crash: FG’s 2025 budget jerks again, marketers anticipate price cut

The global crash in crude oil prices has put Nigeria’s 2025 budget under more threat, even as fuel marketers await a possible reduction in the prices of petroleum products. According to experts who spoke with our correspondent, the crude oil crash occasioned by the tariffs imposed on countries by United States President, Donald Trump, has Read More

Events

1 week ago Firm Introduces Safety Tips For Secure Deliveries In Nigeria

Global urban mobility platform inDrive has launched a set of essential safety tips to help Nigerian customers ensure secure and efficient deliveries. This initiative comes as the platform experiences significant growth in the country, with increasing demand for person-to-person (P2P) and business-to-business (B2B) deliveries. The newly introduced safety measures include selecting reputable couriers with good […]

Politics

3 w. ago Used bras business booms in Lagos as women prioritise affordability, durability

That the second-hand underwear market in Lagos is experiencing significant growth is not news. What is news, perhaps, is the rising demand for used bras. Some women say that their decisions when buying bras are based on some factors which include affordability, durability, and quality. Many say they go for the fairly used bras, popularly Read More

Politics

3 w. ago Oil sector: Embrace global standards, NCDMB urges stakeholders

Tribune Online Oil sector: Embrace global standards, NCDMB urges stakeholders “With the right mindset and strategic execution, Nigeria can continue to be a model for how Local Content can drive industrialisation, economic diversification, and national prosperity,” he stated. Oil sector: Embrace global standards, NCDMB urges stakeholders Tribune Online

Politics