Nigeria is Africa's largest oil producer. Bonny Light is a high-quality light sweet crude.
The oil price displayed above is derived from international crude oil futures and converted to NGN using real-time exchange rates. Data is sourced from NYMEX, ICE, EIA and updates every 60 seconds.
The oil price in Nigeria is derived from international futures benchmarks (Bonny Light), converted to NGN using real-time exchange rates. AURUM updates Nigeria oil prices every 60 seconds.
Oil prices in undefined are driven by global supply/demand, OPEC+ decisions, NGN/USD exchange rates, and domestic policy. Nigeria is Africa's largest oil producer. Bonny Light is a high-quality light sweet crude.
AURUM calculates Nigeria oil prices using: international benchmark x NGN/USD exchange rate. Prices are sourced from NYMEX, ICE, EIA and update every 60 seconds.