Browsing Tag
Crude Oil
7 posts
Can Nigeria Transition from Crude Oil to Agriculture-Led Exports?
Experts urge Nigeria to pivot from crude oil dependence toward a value-added agricultural economy, emphasizing the need for infrastructure, technology, and policy reforms to unlock the nation's export potential.
Nigeria Achieves 104% of OPEC Oil Target as Output Reaches 74-Month Peak
Nigeria has reached 104 percent of its OPEC production quota, with crude output hitting a 74-month high of 1.56 million barrels per day in June 2026.
Nigeria Surpasses OPEC Oil Output Target with Six-Year Production Peak
Nigeria has outperformed its OPEC oil production quota for the first time in 74 months, hitting an average of 1.56 million barrels per day in June 2026.
Nigeria records 2.3 percent growth in daily oil output reaching 1.74mbpd
Nigeria has reached a production milestone by exceeding its OPEC quota for two months running, with daily crude and condensate output climbing to 1.74 million barrels in June.
Nigeria Petrol Prices Drop Following Crude Oil Market Trends
Fuel prices in Nigeria are witnessing a sustained decline as global crude oil rates ease, with retail costs in Abuja dropping significantly over the past three weeks.
FCCPC cautions oil marketers over fuel price gouging amid global crude decline
The FCCPC has warned oil marketers to stop exploiting consumers, noting that current pump prices for petrol are too high given the significant drop in global crude oil prices.
Energy Expert Explains Why Petrol Prices Remain High Despite Falling Crude Costs
Petroleum economics expert Prof. Wumi Iledare clarifies that fuel prices do not instantly fall with crude oil due to inventory costs, exchange rate volatility, and market-driven pricing structures.