Tag: Bonny Light

Cooking gas hits N950/Kg as US-Iran conflict pushes oil prices higher, Nigerians feel the heat

Business Damilola Bayonle -
Nigerians bear heat of US-Iran war as cooking gas prices jump N100/Kg Households across the country are grappling with fresh...

Crude-backed loans gulped N8.36tn of Nigeria’s 2025 oil revenue as 14% of output went to debt servicing

Business Damilola Bayonle -
Crude-backed loans gulped N8.36tn of 2025 revenue as Nigeria commits 213,000bpd to debt servicing Nigeria’s oil-dependent fiscal structure came under...

Nigeria crude eyes $80 as US-Iran tensions shake global oil supply routes

Business Damilola Bayonle -
Nigeria crude eyes $80 as US Iran standoff rattles global supply Nigeria’s oil market is bracing for a potential revenue...

Nigeria set to launch Cawthorne crude grade as NNPC targets higher oil output

Business Damilola Bayonle -
NNPC begins export of new crude grade Nigeria’s state oil company has confirmed plans to expand its crude export portfolio...

Nigeria misses OPEC target for six straight months, loses N1.76tn in potential oil revenue

Business Damilola Bayonle -
Nigeria loses N1.76tn after missing OPEC target amid production shortfalls Nigeria’s oil-dependent economy forfeited an estimated N1.76tn in potential revenue...