Browsing: Energy

Oil prices end the week higher on Friday as renewed military tensions between the US and Iran

Crude oil prices eased Friday as signals from the US administration ….

Energy, oil, gas, and insurance stocks dragged the Nigerian Exchange (NGX) market indicators lower, as sell pressure in the local bourse entered its eighth day on Thursday.

Oil prices traded mixed on Thursday as investors weighed diplomatic efforts to restore shipping through the Strait of Hormuz against persistent regional security risks.

Oil prices extended losses Wednesday as traders weighed renewed US-Iran negotiations

NNPC GCEO Urges Global Collaboration to Unlock Africa’s Energy Potential The Group Chief Executive Officer of NNPC Ltd., Bashir Ojulari,…

The International Finance Corporation (IFC) says it would immediately send a mission to Nigeria to explore scalable investment structures that could unlock private capital into the sector.

The Nigerian Content Development and Monitoring Board (NCDMB) says ongoing reforms in the oil and gas sector are attracting billions of dollars in new investments and restoring investor confidence.

Equity prices shed 0.5% as measured by the Nairobi Securities Exchange (NSE) All-Share Index last week. The decline was largely driven by reduced performance in the commercial (-2.1%), energy (-1.5%), and banking (-1.0%) sectors, according to Pergamon Investment Bank.

The energy crisis is expected to reshape Nigeria’s inflation expectations and will likely influence critical monetary policy decisions, analysts said, citing the U.S.-Iran conflict.