Energy

Oil prices rise over Strait of Hormuz reopening plans

Oil prices rose for a second straight session on Friday, August 7, 2026, as renewed uncertainty over shipping through the…

3 months ago

FG spent N1.16trn on fuel subsidy in 2021 ― RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has disclosed that the Federal Government spent N1.16 trillion on fuel subsidy…

3 months ago

Oil prices rise as Hormuz talks, Red Sea attacks raise supply concerns

Oil prices rose on Thursday, August 6, 2026, as investors closely monitored ongoing negotiations between Iran and Oman over shipping…

3 months ago

No more fake fuel promises: Tinubu stopped the bleeding, By FESTUS OKUBOR

By FESTUS GOZIEM OKUBOR Let us begin with a number so obscene it should make every Nigerian's blood boil: Four…

3 months ago

Oil prices slip for second day as investors weigh Hormuz flows

Oil prices continued their downward trend on Wednesday, August 5, 2026, as optimism over diplomatic efforts to end the Iran…

3 months ago

H1 2026: Oando posts N2.1trn revenue as profit hits N68.6bn

Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30,…

3 months ago

Trump blasts ExxonMobil, Chevron over huge profits amid high fuel prices

United States President Donald Trump has accused ExxonMobil and Chevron of profiting excessively from rising fuel prices, urging the oil…

3 months ago

Oil prices rise over stalled US-Iran peace talks

Oil prices edged higher on Tuesday, August 4, 2026, recovering from losses recorded in the previous session as renewed uncertainty…

3 months ago

OPEC+ approves September output increase, completes rollback of voluntary oil cuts

The OPEC+ alliance has approved an increase in oil production quotas of about 188,000 barrels per day (bpd) from September,…

3 months ago

Oil prices tumble as Trump cancels attack on Iran to reach nuclear deal

Oil prices tumbled more than $4 a barrel on Monday, August 3, 2026, after United States President Donald Trump cancelled…

3 months ago

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