The Federal Government has indicated that it may consider selling Nigeria’s state-owned refineries as part of ongoing economic reform efforts aimed at attracting investment, enhancing competition, and improving operational efficiency in the downstream oil sector. Nigeria’s four refineries — located in Port Harcourt, Warri, and Kaduna — have a combined installed capacity of 445,000 barrels…
Oil gained more than $1.50 per barrel on Tuesday, rebounding on technical factors and bargain hunting. Although concerns about a market surplus persisted, the increase was fueled after a decision by OPEC+ to boost output sent prices down in the previous session, Brent crude futures rose $1.67, or 2.8%, to $61.90 a barrel by 0927…
This has happened as a result of the student body’s insistence on carrying out the organized statewide demonstration against the rise in petrol prices. The National Association of Nigerian Students (NANS) leadership has declared that should the necessity arise, it is prepared to meet with President Bola Tinubu to discuss its demands for the reversal of…
