Between 1999 and 2020, the federal government earned $741.48 billion from oil and gas sales, according to data from the Nigerian Extractive Industries Transparency Initiative (NEITI) but this hasn’t translated into much value for over...

OPEC oil output rose for a second straight month in September, a Reuters survey found on Monday, led by increases in Nigeria and Iran despite ongoing cuts by Saudi Arabia and other members of the...

The prices of crude oil took a significant tumble on Wednesday, as demand concerns loom large amid broader economic challenges. Brent crude oil futures experienced a sharp decline, falling by $2.02 or 2.22 percent to...

The current pump price of petrol in Nigeria is N617 per liter. This is significantly higher than the pre-subsidy price of N184 per liter. The removal of the petrol subsidy has been a controversial issue...