Oil & Gas

On Monday, April 13, crude oil prices jumped over 7%, pushing Brent crude back above $100 per barrel. This increase stemmed from rising geopolitical tensions and market responses to reports of instability in maritime activities in the Middle East, particularly near the crucial Strait of Hormuz. Market checks from Nairametrics…

Nigeria’s upstream oil and gas sector is experiencing a renewed wave of investor confidence. This surge is due to regulatory reforms led by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The changes are reshaping the country’s petroleum investment landscape and attracting billions in new commitments. Official reports from the Commission…

Global oil prices spiked on Thursday, rising over 5% after U.S. President Donald Trump hinted at increased military action against Iran. This raised concerns about a long-lasting conflict and possible disruptions to global energy supply. The increase in prices reflects growing geopolitical risks in the Middle East, a vital area…

In a notable change in global oil trade, the United States sharply reduced its imports of Nigerian crude oil in January 2026. The volume fell by almost half compared to the previous month. New data from the U.S. Census Bureau show that U.S. crude purchases from Nigeria fell by 47.16%…

Nigeria’s economy is once again facing two powerful forces: foreign exchange (FX) reforms and rising global oil prices. While these changes usually signal relief for Africa’s largest oil producer, the situation in 2026 is more complex. This explainer looks at what these shifts mean for growth, inflation, businesses, and everyday…