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Energy Information Administration
Oil prices extended gains into a fourth session on Wednesday, buoyed as industry data showed a surprise decline in U.S. crude inventories and as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries.
Oil prices dipped on Tuesday amid expectations of an increase in U.S. crude inventories, but signs of a fall in Iranian oil exports this month kept losses in check.
Oil prices rose on Tuesday on signs Iranian oil exports this month have fallen from September ahead of US sanctions against Tehran that are set to start in November.
Oil prices rose on Thursday, extending gains on growing evidence of disruptions to crude supply from Iran and Venezuela and after a fall in U.S. crude inventories.
Nigeria earned as much as N7.93 trillion ($26 billion) from oil exports between January and July this year, making it the sixth largest revenue earner among Organisation of Petroleum Exporting Countries, OPEC, member nations.
Oil prices rise on Wednesday after posting two days of declines at the start of the week.
Oil prices on Thursday hit their highest since December 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.
Oil rose further above $68 a barrel on Tuesday, touching its highest since May 2015, supported by OPEC-led production cuts and expectations U.S. crude inventories fell for an eighth week.
Oil prices on Thursday hit their highest in more than two and a half years, touching levels not seen since before a slump in commodity markets in 2014/15, boosted by tensions in key producer Iran and by ongoing OPEC-led output cuts.
The Christian Association of Nigeria has advised Nigerians against voting for any desperate presidential candidate in 2019.
Young Progressives Party (YPP) has faulted the decision of President Muhammadu Buhari declining assent to the 2018 Amended Electoral bill, stating that it was an attempt to benefit from a flawed electoral system.
A Federal High Court in Ado-Ekiti on Monday dismissed the suit filed by a former governor of Ekiti State, Chief Segun Oni, challenging the eligibility of Governor Kayode Fayemi to contest the July 14 governorship election in the state.
Former Governor of Osun State and pioneer National Chairman of ruling All Progressives Congress (APC), Chief Adebisi Akande, has berated members of Academic Staff of Union of Universities (ASUU) over incessant strike actions, saying their actions was devaluing the quality of tertiary education across the nation.
President Muhammadu Buhari has assured the nation that the results of the 2019 presidential election would be a reflection of the wish of the people.
Federal Road Safety Corps (FRSC) says total of 128 persons died, while 2, 254 others were injured in 673 road crashes across Nigeria in September
The National Peace and Reconciliation Committee of the All Progressives Congress on Monday appealed to aggrieved aspirants and members of the party in Ekiti and Ondo states to embrace peace.
UK academic Matthew Hedges has accused investigators from the United Arab Emirates (UAE) of subjecting him to psychological torture, and forcing him to give a false confession that he is an agent of the British spy agency, MI6.