ALERT: Oil Tops $87 a Barrel After Brief Price Dip – Drivers Face Pain at the Pump Oil tops $87 a barrel after brief price dip as crude oil prices surge amid escalating Middle East tensions. Brent crude hit a fresh 52-week high while WTI crude climbed sharply, sending shockwaves through US gas prices and … Read more
LAGOS, Nigeria — May 6, 2025 A recent rally in Brent crude oil prices has provided a modest reprieve for the Nigerian naira, which has faced significant pressure in recent months due to fluctuating oil revenues and foreign exchange (FX) challenges. Brent crude, a global benchmark closely tied to Nigeria’s Bonny Light crude, surged past … Read more
The Drinks & Mics Panel Discussion 2025, hosted by Nairametrics, addressed the critical question of how Nigeria can navigate a $30 per barrel crude oil price, a dire scenario for an economy heavily reliant on oil, which accounts for 90% of export earnings and 56% of 2025 government revenue (Economic Confidential, Nairametrics). Held amid a … Read more