Crude oil

Business: Africa’s richest man, Aliko Dangote bets on vast 650,000 barrel-per-day oil refinery

On a peninsula east of Lagos, 30,000 employees are employed on a task that holds out the promise of transforming Nigeria’s…

September 17, 2020

NEWS: OPEC agrees on production cut, may force Nigeria others to comply

The Organisation of Oil Producing Companies (OPEC), Russia and other allies referred to as OPEC+, yesterday agreed to extend oil…

June 7, 2020

Coronavirus triggers glut of unsold crude oil in Nigeria

A glut of unsold, high quality Nigerian crude continues to build up with weak global demand caused by coronavirus and…

March 20, 2020

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