The rand gained in strength on Wednesday against global currencies and has continued to build on a strong week and more good news is on the horizon as...

By DAYO ADESULU NIGERIA– The landing cost of Premium Motor Spirit (PMS), commonly known as petrol, has fallen to N981 per litre, according to recent...

Nigeria’s oil sector continues to benefit from the recent oil price spikes due to global supply concerns and geopolitical tensions in the Middle...

Nigeria’s oil sector continues to benefit from the recent oil price spikes due to global supply concerns and geopolitical tensions in the Middle...

Oil prices rose due to hurricane impact on U.S. output, expectations of lower U.S. crude stockpiles, and anticipation of a positive decision by the...

The tax is levied in the form of Special Additional Excise Duty (SAED) and is notified fortnightly based on average oil prices in two weeks.

Petrol-Diesel Prices: A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providing state-owned firms a...

OPEC+ has delayed plans to ease production cuts from October to December by two months, aiming to stabilise falling crude oil prices. With global...

Dangote Refinery to Begin Naira-Based Crude and Petrol Transactions in October, Potential for Fuel Price Reduction” Dangote Petroleum &...

According to the World Bank, Russia holds the world's largest natural gas reserves, the second largest coal reserves, and the eighth largest oil...