Daily Archives: September 7, 2023

Analysts Foresee Oil Prices Climbing To $100 A Barrel

As Brent crude oil price continued to rise and trading on Wednesday around $90 a barrel for the second straight day, and now up 25 per cent since June due to the prospect of more production cuts by leading oil exporters, analysts have predicted the price may hit $100 a barrel.

NNPCL raises reservations with Eni Sale

Nigeria National Petroleum Corporation Limited (NNPCL) has raised reservations about Eni SpA’s sale of a subsidiary to local producer Oando Plc which could complicate the transaction.

Nigeria may take 300 years to close infrastructure gap due to low spending – World Bank

The World Bank has warned that with the level at which Nigeria government, both federal and states are spending on capital projects, it may take the country 300 years to close the wide infrastructure gap.