5 d. ago Soaring palm oil prices lift Presco, Okomu’s profit to a record

Nigeria’s largest palm oil producers are gaining from surging global Crude Palm Oil (CPO) prices, which have seen their net read more Soaring palm oil prices lift Presco, Okomu’s profit to a record

Economics

2 w. ago Building buffers to shield economy, sustain FX inflows as oil prices slide

As global oil prices tumble toward the $60-per-barrel range, the mood in oil-dependent economies has shifted from cautious optimism to strategic anxiety. For Nigeria, whose fiscal lifeline still leans heavily on crude exports, the sharp fall in prices, hovering just above $64 per barrel, poses a renewed threat to revenue stability, foreign exchange inflows, and […]

Politics

3 w. ago Declined Oil Production In Nigeria, Others Offsets OPEC+ October Target

Oil prices dipped on Wednesday amid a wider slump in financial markets and a strong U.S. dollar, while investors assessed the supply outlook. The post Declined Oil Production In Nigeria, Others Offsets OPEC+ October Target appeared first on Channels Television.

Politics

3 w. ago Oil Prices Drop On Oversupply Concerns After OPEC+ Output Plans

OPEC+ has raised output targets by around 2.9 million barrels per day - or around 2.7% of global supply - since April. The post Oil Prices Drop On Oversupply Concerns After OPEC+ Output Plans appeared first on Channels Television.

Politics

3 w. ago Oil Extends Gains As OPEC+ Halts Output Hikes Beyond December

Oil prices fell to a five-month low of about $60 a barrel on October 20 due to concerns that a glut was building. The post Oil Extends Gains As OPEC+ Halts Output Hikes Beyond December appeared first on Channels Television.

Politics

4 w. ago Shell, TotalEnergies Net Profits Jump Despite Lower Oil Prices

Lower oil prices also hit Spanish group Repsol, which reported a sharp drop in its profits for the first nine months of the year. The post Shell, TotalEnergies Net Profits Jump Despite Lower Oil Prices appeared first on Channels Television.

Economics

4 w. ago World Bank sees 7% drop in global commodity prices as oil glut expands

•Oil oversupply, weak growth to drive price decline •Says fertilizer costs to rise 21% •Warns Nigeria to brace for fiscal shifts Global commodity prices are forecast to fall by seven per cent in both 2025 and 2026, reaching their lowest level in six years as a widening oil glut and sluggish global growth continue to […] The post World Bank sees 7% drop in global commodity prices as oil glut expands appeared first on Tribune Online.

Politics