Following the meeting of Opec + states, oil production is expected to fall

Oil-producing countries have agreed to continued cuts in production. Image source: GETTY IMAGES In a concerted effort to bolster declining prices, countries involved in oil production have reached an agreement to extend the implementation of production cuts. This decision reflects their commitment to stabilize the market and ensure the sustainability of oil prices. Saudi Arabia, […]

Just in:CBN denies report of naira devaluation

A statement issued by the Acting Director of Corporate Communications, Isah AbdulMumin, clarified that the exchange rate of the dollar was N465/$1, contrary to the reports circulating. The statement emphasized that the news report was filled with false information and misleading implications, demonstrating a potential lack of understanding regarding the functioning of the Nigerian Foreign […]

Just in: NNPC confirms the increase in petroleum price

The Nigerian National Petrol Company Limited has officially announced the revision of pump prices for Premium Motor Spirit (petrol) nationwide. This confirmation came through a statement released on Wednesday, signed by the Chief Corporate Communications Officer, Garba Deen Muhammad. According to the statement, the adjustment in pump prices aligns with the prevailing “current market realities.” […]