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Middle East conflict shows Nigeria can help diversify global oil supply - Tuggar

Nigeria, March 12 -- Nigeria's Minister of Foreign Affairs, Yusuf Tuggar, has said the ongoing conflict in the Middle East underscores why Gulf oil and gas producers should view Nigeria as a partner r... Read More


Iran warns of 'continuous strikes', says crude oil could hit $200 per barrel

Nigeria, March 12 -- Iran's military command headquarters has vowed to shift from what it described as "reciprocal hits" amid sustained strikes on its adversaries, warning that global oil prices could... Read More


Tinubu approves incentives to unlock $20bn Bonga deepwater project

Nigeria, March 11 -- President Bola Tinubu has approved a targeted fiscal incentive package to unlock the long-awaited Final Investment Decision (FID) for the Bonga Southwest Aparo (BSWA) deepwater pr... Read More


G7 considers boosting oil supply as US-Israel war with Iran drives prices higher

Nigeria, March 10 -- The Group of Seven (G7) nations on Monday reiterated readiness to take "necessary measures" to support global energy supply after the war involving the United States, Israel and I... Read More


Hungary, South Korea move to cap fuel prices as global oil surge hits Nigeria

Nigeria, March 10 -- Amid rising global oil prices triggered by the ongoing US and Israel conflict with Iran, governments in South Korea and Hungary are moving to cap gasoline and diesel prices to pro... Read More


Oil prices soar above $100 per barrel as US/Israel war on Iran disrupts supply

Nigeria, March 9 -- The price of Brent crude has jumped to $109.18 per barrel, crossing the $100 mark for the first time in more than five years. The sharp rise represents the biggest daily gain sinc... Read More


Again, Dangote refinery raises petrol gantry price as Iran conflict rattles oil market

Nigeria, March 8 -- The Dangote Petroleum Refinery has increased its petrol gantry price by N121, raising the ex-depot rate from N874 to N995 per litre amid lingering volatility in global crude oil ma... Read More


Food prices dropped by 50% amid agricultural reforms - Minister

Nigeria, March 7 -- The Nigerian government has said its agricultural reforms are beginning to yield results, with prices of essential food commodities dropping by as much as 50 per cent nationwide. ... Read More


Adoke demands apology from Nigerian gov't over persecution in OPL 245 dispute

Nigeria, March 6 -- Former Attorney-General of the Federation, Mohammed Adoke, has called on the Nigerian government to offer him an "unreserved apology" over what he described as years of persecution... Read More


Adoke demands apology from Nigerian gov't over 'persecution' in OPL 245 dispute

Nigeria, March 6 -- Former Attorney-General of the Federation, Mohammed Adoke, has called on the Nigerian government to offer him an "unreserved apology" over what he described as years of persecution... Read More