Oil titan Royal Dutch Shell reported better-than-expected results in its third-quarter on Thursday. It also announced its plans to raise shareholders’ dividends.The oil giant reported adjusted earni...
CBN to stop the sale of foreign exchange to banks by end of 2022 The Central Bank of Nigeria (CBN) has announced that it will stop selling foreign currency to Deposit Money Banks (DMBs) by the e...
Chevron Corporation(CVX) has expected to write down as much as $11 billion in the fourth quarter of the year, which is more than half of its Appalachia natural gas assets. T...
Project Type Integrated refinery and petrochemical complex Location Lekki Free Zone, Lagos, Nigeria Processing Capacity ...
The coronavirus pandemic and ensuing lockdown wreaked havoc on Africa's economy and saw a lot of people lose their sources of income. Others, however, did just fine and even managed to perform even be...
Crack spread is a term used in oil futures trading and is derived from the chemical process of cracking (heating crude oil to certain temperatures to distill off different grades of fuel). A...
Nigeria's foreign trade increased by 58.6% year-on-year in the third quarter of 2021, reaching a new high of N13.28 trillion, up from N8.38 trillion in the same period of 2020, according to Nairametri...
The Nigerian equities market slowed its positive trend in March, recording its first monthly loss in the first quarter as global macroeconomic concerns impacted the market's performance. For the mo...
Fuel subsidy has been one of the main agenda which President Bola Tinubu stressed during his campaign and even at his inauguration say. He stated categorically that his government will remove fuel sub...
Reports show that the Federal Government lost N13.33 billion in income from gas flaring fines imposed on oil and gas companies in January and February 2023.According to the National Oil Spill Detectio...