May 13, 2024/CSL Research The latest report from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s average crude oil production increased slightly by 4.14% in April 2024, reaching 1.28 million barrels per day (excluding condensates), up from 1.23 million bpd in March. This marks the first uptick after two consecutive […]

May 10, 2024/Oilprice.com Michael Kern Editor, Oilprice.com Following several weeks of declines, oil prices are now rising once again on a combination of geopolitical risk, rising demand, and supply concerns. Friday, May 10th 2024 Oil prices are once again climbing after several weeks of declines. Falling US crude inventories and robust Chinese […]

May 10, 2024/FBNQuest Research In April ’24, the Nigerian Electricity Regulatory Commission (NERC) raised the tariffs for (band A) customers who receive 20 hours of electricity supply. However, power distribution companies still need to meet the contracted supply hours for these band-A customers. Power cuts were widespread due to electricity […]