CBN FX Sales Drive 38% Dollar Inflow Surge, Stabilise Naira
The Naira held firm as CBN intervention spurred a 38% monthly jump in FX inflows to $2.8bn in December 2025. Analysts predict stronger inflows ahead. Read the full analysis.
Category : Search result: crude oil sales
CBN Predicts N950 Fuel Price for 2026
The Central Bank of Nigeria projects petrol prices will hover around N950 per litre in 2026, based on oil prices and forex. This is higher than current rates set by Dangote Refinery. Read the full analysis.
Venezuela Oil Ships Head to US as Storage Nears Capacity
Three Chevron-chartered tankers are transporting Venezuelan crude to the US, as sanctions cause a major storage buildup. Get the latest on the oil shipments and the looming capacity crisis.
PETROAN: How to Lower Fuel Prices in 2026
PETROAN outlines critical steps for cheaper fuel in 2026, citing crude supply and policy stability. Learn about the naira-for-crude policy's challenges and new refinery impact.
Rewane: Falling Oil Prices Threaten Nigeria's Budget
Economist Bismarck Rewane warns Nigeria faces fiscal deficits from falling crude oil prices. He projects market growth but urges spending efficiency. Read his full analysis.
Oil Price Falls Below Nigeria's 2026 Budget Benchmark
Global oil prices drop after Trump's Venezuela deal, falling below Nigeria's $64.85 per barrel budget benchmark. This threatens the implementation of the N58.18 trillion 2026 budget. Read the full analysis.
UK Man Gets 14 Years for Online Assisted Suicide Sales
A British man, Miles Cross, has been sentenced to 14 years in prison for selling lethal chemicals online to vulnerable individuals, leading to two deaths. Read the full story.
US to Control Venezuela Oil Sales Indefinitely
US Energy Secretary Chris Wright declares indefinite US control over Venezuelan oil sales, aiming to revive production with billions in investment. Details on the plan and its implications.
Modern POS Systems Drive Nigerian Retail Sales
Discover how modern POS systems help Nigerian retailers increase sales, improve customer experience, and build loyalty through seamless digital payments and data insights. Act now to upgrade your retail operations.
Trump's 18-Month Plan for US Oil in Venezuela
US President Donald Trump outlines a timeline for American oil companies to expand operations in Venezuela within 18 months, following the capture of Nicolas Maduro. Details inside.
US Venezuela Oil Plan Poses Risk to Nigeria's 2026 Budget
Experts warn that US efforts to revive Venezuela's oil industry could destabilise Nigeria's 2026 budget, which relies heavily on uncertain oil earnings. Discover the potential impact and calls for diversification.
Nigeria's N58tr Budget Faces $10bn Hole from Venezuela Crisis
Political upheaval in Venezuela could flood oil markets, slashing prices and creating a $10 billion shortfall in Nigeria's 2026 budget. Experts warn of severe fiscal strain and pressure on the Naira. Read the full analysis.
US Venezuela Action Poses Oil Price Risk to Nigeria - Expert
Economist Kalu Aja warns US intervention in Venezuela may flood oil market, pressuring prices and jeopardising Nigeria's $64 per barrel 2026 budget benchmark. Read the full analysis.
New Refineries to Add 850,000 bpd, State Plants Fail
PETROAN projects 850,000 bpd from new refineries but slams N11.35tr waste on state plants. Read the 2026 outlook for Nigeria's oil sector.
Naira Falls in 2025 Despite CBN Dollar Sales, Reserves Rise
The Nigerian naira closed 2025 weaker against the dollar despite CBN interventions. External reserves rose to $45.45bn, offering limited support. Get the full analysis.
Aba Traders Sell Clothes Using Head-Carried Mannequins
Traders in Aba were spotted using a unique sales method: carrying mannequins with displayed clothes on their heads. This innovative practice boosts visibility and mobility in crowded markets. Watch the video and see Nigerian ingenuity in action!
Man's Christmas Chicken Business Faces Low Patronage
A Nigerian woman shares her husband's poultry farming struggle as he fails to sell chickens reared for Christmas. High feed costs and low offers threaten his investment. Read the full story.
Nigeria ships 33.2m barrels of crude to U.S. in eight months
Nigeria strengthens its role as the top African crude oil supplier to the United States, exporting 33.23 million barrels worth $2.57 billion from January to August 2025. Discover the economic impact and the role of Dangote Refinery.
PETROAN: N58.18tr 2026 Budget Achievable with 1.84mbpd
PETROAN endorses Nigeria's 2026 budget, citing realistic oil targets. It urges transparent privatisation of state refineries by Q1 2026 and highlights security, host communities, and regulatory funding as key to success.
Diaspora Investors Drive Growth, Expose Real Estate Fault Lines
Nigerians in diaspora are now the primary force in luxury real estate, driving sales with over $6 billion annually. Their investments fuel growth but also reveal deep-seated issues like fraud and title insecurity. Discover the full impact and the push for
Civil Society Commends NNPC's Ojulari for Oil Sector Turnaround
A civil society coalition has lauded NNPC Ltd's CEO, Bashir Bayo Ojulari, for transformative leadership that increased crude production to a 36-year high of 355,000 bpd and drove record profits. Read the full appraisal.
Nike Shares Slump After China Sales Drop 17%
Nike's quarterly profits fell 32% due to weak China sales and US tariffs. CEO promises a 'new approach' to revive the brand. Read the full analysis.
Nigeria's oil rigs stuck at 41 amid OPEC expansion
Nigeria's oil rig count remained flat at 41 in November, unchanged from 2024, while OPEC nations boosted activity by 7%. Discover the structural challenges holding back Africa's top producer.
Trump Orders Naval Blockade of Venezuela Oil Tankers
US President Donald Trump announces a total blockade of sanctioned Venezuelan oil vessels, escalating tensions. Learn the details and potential impact on the global oil market.
Dangote Debunks Trump Feud Rumours, Cites US Crude Supply
Aliko Dangote dismisses rumours of US President Trump's opposition to his refinery, revealing it buys 100 million barrels of crude annually from America. Get the full story.
China's Retail Growth Slows to 3-Year Low Amid Trade War
China's retail sales grew at the slowest pace in nearly three years in November, data shows. Weak domestic demand contrasts with strong exports, highlighting economic challenges. Read the full analysis.
7 Nigerians Win TECNO AFCON 2025 Tickets to Morocco
Seven lucky Nigerians have won an all-expense paid trip to watch the 2025 Africa Cup of Nations in Morocco, courtesy of TECNO's Mega Black Friday Sales. Discover the winners and how the electronics giant rewarded hundreds of customers nationwide.
Golden Terra Oil Voted Nigeria's Top Healthy Cooking Oil
Nigerian consumers have voted Golden Terra Soya Oil as the Most Preferred Healthy Cooking Oil at the 2025 Consumer Value Awards. Discover why 72% chose this heart-friendly brand.
Ogoni Youths Demand Oil Block, Halt to License Bids
Ogoni youths demand an oil block and halt to ongoing bids, insisting on equity and inclusion before resuming oil production in Ogoniland after 30 years.
Calculators Thrive Despite AI, 39 Million Sold in 2025
Humble calculators remain vital, selling millions yearly. Casio sees growth in developing nations like Nigeria due to affordability and reliability where AI and phones fail. Read more.
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