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Oil Benchmark Lowered over Expected Crude Glut, Says Finance Minister

•Defence, education, police lead in sectoral allocations •Crude price slumps below $60 over US, China trade deal Ejiofor Alike in Lagos and James Emejo in Abuja...

OPEC: Nigeria Rallies African Producers, Gets Sudan’s Pledge on Cut

. World cannot curb climate change divided, OPEC warns Ahead of the next meeting of the ministers of the Organisation of Petroleum Exporting Countries (OPEC),...

Mele Kyari: Nigeria Committed to OPEC’s Oil Output Pact

•Discusses petrol supply, investment opportunities with S’Arabia, UAE Ejiofor Alike with agency reports The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari,...

Future of Oil Industry Bright, OPEC Insists

Chineme Okafor in Abuja The Organisation of Petroleum Exporting Countries (OPEC) has said it does not believe in repeated predictions that the end was near...

2m Nigerians to Get Collateral-free Loans in FG’s New Micro Credit...

In a determined bid to further enlarge its financial inclusion agenda for all Nigerians regardless of social class and economic status, the Muhammadu Buhari...

Crude Oil Price Drops as US Supply Grows, OPEC Mulls Higher...

Ejiofor Alike with agency reports Crude oil prices slipped yesterday as United States production hit a record high, while the Organisation of Petroleum Exporting Countries...

OPEC, Russia Mull Easing Supply Limits to Rebalance Oil Market

Curbs pushed crude prices to their highest since 2014 NNPC seeks quick execution of capital tasks Chineme Okafor in Abuja with agency report Member countries...

Oil Prices Fall as Russia Hints at Gradual Output Increase

Oil prices eased on Friday as Russia hinted it may gradually increase output, after having withheld supplies in concert with producer cartel OPEC since...

OPEC Raises Oil Demand Forecast Amid Global Growth Uncertainty

Ejiofor Alike with agency report The Organisation of Petroleum Exporting Countries (OPEC) has raised its forecast for global oil demand growth this year, but added...

Oil Rises to Highest Since 2014 After US Quits Iran Deal

Oil prices rose more than 3 percent on Wednesday, hitting 3-1/2-year highs, after US President Donald Trump abandoned a nuclear deal with Iran and...