Saturday, April 4, 2020
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Petrobarometer

    Crude oil price hit $34 as Trump lobbies Saudi Arabia to cut production

Crude oil price hit $34 as Trump lobbies Saudi Arabia to cut production

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    PPPRA drops petrol price to N123.50 for April

PPPRA drops petrol price to N123.50 for April

The federal government, through the Petroleum Products Pricing Regulatory Agency (PPPRA), has announced a reduction in the pump price of petrol. A statement signed by Abdulkadir Saidu, PPPRA executive secretary, said the retail price of petrol would be N123.50 in April. The new price is N1.50 lower than the N125 per litre announced on March 18. "The PPPRA, in line with the government [...]

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    NEITI: FG spent N722.3bn subsiding petrol in 2018

NEITI: FG spent N722.3bn subsiding petrol in 2018

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    60 or 24 days? NNPC, DPR announce contradictory petrol stock

60 or 24 days? NNPC, DPR announce contradictory petrol stock

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    NNPC, 33 oil companies donate $30 million to fight COVID-19

NNPC, 33 oil companies donate $30 million to fight COVID-19

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    Nigeria offers crude oil buyers discount

Nigeria offers crude oil buyers discount

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    66 filling stations get waivers to supply fuel to border towns

66 filling stations get waivers to supply fuel to border towns

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    Crude oil rises above $30 per barrel after Trump hints at intervention

Crude oil rises above $30 per barrel after Trump hints at intervention

The price of crude oil rose to $30.25 per barrel on Friday. Brent crude, the global benchmark of crude oil, increased by 6.25% from the previous $26 per barrel. US West Texas Intermediate also increased by 2.97% to trade at $26.62 per barrel. The increase was due to comments made by Donald Trump, president of the United States, about intervening in the oil [...]

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    Fuel stations yet to sell petrol at N125, ask for more time

Fuel stations yet to sell petrol at N125, ask for more time

Independent petroleum marketers in Lagos and some other parts of the country are yet to comply with the directive of reducing the pump price of petrol to N125, checks by TheCable have shown. At its meeting on Wednesday, the federal executive council agreed to reduce the price of petrol after crude oil price dropped to $30. Following the directive, Mele Kyari, the [...]

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    NNPC: Our fuel pumps will read N125 from Thursday

NNPC: Our fuel pumps will read N125 from Thursday

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    Global recession fears: Crude oil drops to $30 per barrel

Global recession fears: Crude oil drops to $30 per barrel

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    Mele Kyari: Nigeria will be out of business if crude oil price drops to $22

Mele Kyari: Nigeria will be out of business if crude oil price drops to $22

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    Saudi Arabia giving discounts, biggest single-day drop since 1991… oil prices are tumbling

Saudi Arabia giving discounts, biggest single-day drop since 1991… oil prices are tumbling

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    Crude oil price hits three-year low after OPEC+ rejects additional cuts

Crude oil price hits three-year low after OPEC+ rejects additional cuts

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    INTERVIEW: RemTrack will shine the light on darkness in extractive industry, says OrderPaper ED

INTERVIEW: RemTrack will shine the light on darkness in extractive industry, says OrderPaper ED

Available records show Nigeria's crude oil production capacity stands at 2.2 million barrels per day even as the country has traditionally been ranked Africa's largest producer of oil. After decades of exploration, the oil and gas sector has accounted for a significant part of the government revenue. But despite such endowment, Nigeria has struggled to cater for millions of its citizens, with the [...]

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    Sylva: One billion barrels of crude oil discovered in north-east

Sylva: One billion barrels of crude oil discovered in north-east

Timipre Sylva, minister of state for petroleum resources, says about one billion barrels of crude oil have been discovered in the north-east. NAN quoted Sylva as saying this on Wednesday at a press conference to mark the end of the 2020 Nigeria International Petroleum Summit in Abuja. The minister said large quantities of oil deposits are yet to be found in the [...]

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Exchange Rates

March 25, 2019USDGBPEUR
INTERBANK306397354
LAGOS380478402
KANO375477498
PH380478498
ABUJA375476400
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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