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Africa Crude Oil Newsletter
  • Crude Oil Market Dips as Trump Reiterates US Plans to Boost Production 08 Feb 2025 08:38 GMT

    By Dipo Olowookere The Nigerian Exchange (NGX) Limited appreciated further by 0.48 per cent on Friday after market participants showed no signs of slowing down in their hunt for stocks with sound fundamentals. During the session, all the key sectors of the …

  • Battle against crude oil theft: Nigerian Navy reels out latest ‘successes’ 06 Feb 2025 23:09 GMT

    … to safeguard Nigeria’s maritime domain and eradicate Crude Oil Theft ( … 2000 litres of stolen crude oil were deactivated and seized … wellheads used for siphoning crude oil, 110 ovens, 45 … litres of illegally siphoned crude oil were discovered and deactivated …

  • Nigerian Navy intensifies crackdown on crude oil theft, records major successes in January 06 Feb 2025 23:02 GMT

    … The Nigerian Navy has intensified its operations against crude oil theft … s dedication to eliminating crude oil theft and other illegal … 2,000 litres of stolen crude oil. Additionally, security forces … 000 litres of stolen crude oil along with various refining …

  • Agora Policy: How US trade policies could weaken Nigeria’s FX inflows, stoke inflation 07 Feb 2025 13:16 GMT

    … May Impact Nigeria’, Agora Policy said Nigeria and other African countries are … crude oil and natural gas still account for 90% of Nigeria’ … the Naira from lower crude oil forex inflows will likely … status in most sectors besides crude oil. But there is no …

  • Crude Oil Prices Rise As Saudi Arabia Increases Selling Price 06 Feb 2025 11:32 GMT

    Oil prices went up in the global market on Thursday after Saudi Arabia’s national oil company, Saudi Aramco, raised the price of its crude oil for March shipments. This price hike applies to all oil grades and all regions where Saudi oil is sold. This …

  • Reporter's notebook: Never Expect Power Always in Nigeria 07 Feb 2025 09:42 GMT

    … would think Nigeria, a major crude oil producer with the largest gas reserves in Africa, would be … ; When it comes to getting Nigerians to switch from noisy, polluting … of total electricity generated in Nigeria. And while some companies, like …

  • Brent Crude Slides Below $75 Per Barrel as US Stockpiles Rise 06 Feb 2025 08:21 GMT

    By Aduragbemi Omiyale Two cargoes of jet fuel have been exported to Saudi Aramco by the Dangote Petroleum Refinery located in the Lekki area of Lagos State. The owner of the oil facility, Mr Aliko Dangote, confirmed the supply of the product to the world’s …

  • PETROAN lauds FG’s exportation ban of crude oil allocated to refineries 06 Feb 2025 05:46 GMT

    … Retail Outlets Owners Association of Nigeria (PETROAN) has commended the … development. Gillis-Harry urged the Nigerian Upstream Petroleum Regulatory Commission ( … production companies against diversion of crude oil designated for domestic refineries, saying …

  • PETROAN Backs Ban on Exportation of Crude Oil Allocated to Local Refineries 06 Feb 2025 04:09 GMT

    … Retail Outlets Owners Association of Nigeria (PETROAN) has commended the federal … for banning the exportation of crude oil allocated to local refineries. President … supplier. He, however, urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC …

  • Nigeria’s GDP per capita shrinks to $835 —IMF 07 Feb 2025 02:11 GMT

    … Health Insurance Scheme, the Nigerian Social Insurance Trust Fund, … Africa at Stanbic IBTC Bank, Muyiwa Oni, said, “Nigeria’ … cent is achievable if Nigeria continues with stability-focused … of government reforms, stable crude oil prices, and improvements in …

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