OPEC+

Oil retreats to $100.32 after G7 intervention — but Nigeria’s revenue exposure is far from over

IDNN
Brent’s October 5 settlement stood $35.47 above Nigeria’s 2026 budget oil-price benchmark. But production, realised prices, government take and exchange rates determine how much of that apparent upside reaches public finances....

Dangote Refinery Cuts Petrol Price to ₦840 as Global Oil Crash Hits Nigerian Market

IDNN
The Dangote petrol price ₦840 reduction has rippled across Nigeria’s downstream sector after global crude prices plunged to $62 per barrel. Major depots including AIPEC and NIPCO have matched the new gantry price, sparking fresh debate about pump-price relief and market stability as OPEC+ maintains its production pause into early 2026....

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