Oil Prices
CBN Builds Economic Buffers To Protect Nigeria From Oil Price Shock
The Central Bank of Nigeria (CBN) has unveiled a series of policy measures to shield the nation’s economy from the ongoing global oil...
LCCI Cautions Nigeria on Inflation Despite Recent Easing
The Lagos Chamber of Commerce and Industry (LCCI) has urged Nigeria to maintain focus on addressing the underlying causes of inflation, even as...
Oil Prices Surge as US-China Tariff Truce Sparks Market Optimism
Brent crude jumped 2.22% to $65.33 per barrel on Monday, while US West Texas Intermediate (WTI) crude also climbed 3.36% to $62.39 per...
OPEC Trims Global Oil Demand Forecast Amid US Tariff Concerns
The Organisation of the Petroleum Exporting Countries (OPEC) has adjusted its 2025 oil demand growth forecast, citing the ripple effects of US trade...
FG Forms Economic Task Force to Counter US Tariff Impacts, Oil Price Drop
The Nigeria Federal Government has formed a specialized subcommittee to meticulously assess the direct and indirect ramifications of recent trade tariffs imposed by...
Nigeria’s Credit Rating Climbs to B Amidst Economic Reforms, Fitch Says
Fitch Ratings has upgraded Nigeria’s long-term foreign currency debt rating to B, signaling increased confidence in the nation’s economic reforms. This move, while...
NNPC Ships First Self-Chartered Crude Cargo to Europe, Signaling Shift in Nigeria’s Oil Export Strategy
The Nigerian National Petroleum Company Limited (NNPC) has marked a major milestone in its international trade ambitions, successfully shipping its first self-chartered crude...
Trump’s Trade Tariffs and the African Market: A Looming Economic Storm for Nigeria
As President Donald Trump escalates his trade war with China by enacting broad tariffs on Chinese imports and limiting exports of rare earth...
“Drill, Baby, Drill” Across the Globe: Unexpected Boon for Kenyan Economy?
Recent shifts in US energy policy may unexpectedly turn the tides for the Kenyan economy, long tethered to the whims of global oil...