Real estate has overtaken oil and gas as Nigeria's third-largest economic contributor, according to recent data from the country's ongoing GDP and Consumer Price Index (CPI) rebasing. Key Highlights: Real ...
Nigeria experienced a decline in crude oil production, reaching 1.4 million barrels per day, as reported by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The data disclosed a total production ...
According to the recently released Gross Domestic Product (GDP) report by the National Bureau of Statistics (NBS), Nigeria's oil sector experienced a growth rate of -0.85% in Q3 2023. While ...
In the initial five months of Asiwaju Bola Ahmed Tinubu's presidency, Nigeria experienced a noteworthy 10% increase in crude oil output, climbing by 131,926 barrels per day, according to data ...
In a recent Bloomberg survey conducted on November 1, 2023, Nigeria emerged as the leader in boosting oil production among OPEC nations for the month of October 2023. The survey ...
Operators in the nation’s oil and manufacturing sector got the highest tax exemption out of the N1.42tn granted to various sector by the federal government in 2022. This is according ...
A disturbing revelation has come to light through a review of crude oil theft incident reports provided by the Nigerian National Petroleum Company Limited (NNPCL) between May and the second ...
Allianz Trade, a Paris-based entity, has raised a warning flag, stating that crude oil prices could soar to as high as $140 per barrel, which could have dire consequences for ...
The Organization of Petroleum Exporting Countries (OPEC) reported that global oil demand for 2023 remained stable for the third month in a row. According to the producer group's report, global ...
Oil futures rose 56 cents to $81.66 per barrel on Friday, boosted by strong economic data from the Eurozone, the United States, and the United Kingdom, while US West Texas ...
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