Oil marketers are set to adjust upwards the pump prices of petroleum products in the country as international crude benchmarks rose above $100 per barrel yesterday, increasing the cost of crude and potentially putting fresh pressure on domestic petroleum-product prices.

Crude oil surged toward the important $100-a-barrel mark on Tuesday, reviving fears of another round of pump-price increases in Nigeria and...

By Udeme Akpan, Energy Editor Nigeria is poised for a major oil revenue boost but faces renewed pressure on fuel prices, inflation and operating costs as escalating hostilities…