Oil/Gas Reports

NNPC Headquarters, Abuja

BUSINESS SPECIAL: Pressure on Nigeria as the world turns away from oil

“Maximizing the benefits of all oil and gas assets now will save the country the humiliation of ‘drinking its oil.’”


Despite slight improvements, Nigeria’s extractive industry still very opaque – Report

Nigeria was ranked 55 of 89 countries in terms of transparency of its extractive sector.

Government Primary School, Isotoyo, Eastern Obolo
Photo: Cletus Ukpong

SPECIAL REPORT: Nigeria’s oil-rich communities abandoned in shocking poverty despite huge wealth

Niger Delta communities suffer grinding poverty despite producing Nigeria’s oil and gas wealth.

Photo credit: encomium.ng

Fuel Sales: NNPC, Tinubu, Adenuga, Otedola, others owe Nigerian govt N86.4 billion

Some firms have started repaying for distribution of products over the last 10 years.

Kola Aluko

INVESTIGATION: Secret documents expose Nigerian oil mogul’s offshore hideaways

The Panama Papers reveal dealmaker’s backstage maneuverings as he hung with celebrities and criminal investigators closed in

Tankers at NNPC depot

PENGASSAN suspends nationwide strike

Details of the agreements reached by the parties are sketchy at this time.


Why we stopped buying Nigeria’s crude oil — U.S.

The Minister of State for Petroleum, Ibe Kachikwu, recently said the U.S. would soon resume the importation of crude oil from Nigeria.

NNPC Towers

NEITI to partner EFCC to tackle financial crimes in Nigeria’s oil sector

NEITI says the Nigerian government has never tried to censor its reports.


Non-remittance to NDDC: NASS issues bench warrant on 8 oil companies

Rep. Uzoma Nkem-Abonta wants NDDC accounts subjected to forensic auditing.


Niger Delta Avengers strikes again, restates vow to bring Nigeria’s oil production to ‘zero’

The militant group announced its latest attack on oil installation on Thursday.


Nigerian pilots, engineers, shun NLC, back govt. on fuel price hike

NAAPE says it will not allow pilots and aircraft engineers to join any strike


CBN Economic report for August 2014

INFOGRAPHIC: CBN Economic report for August 2014


CBN Economic report July 2014

INFOGRAPHIC: CBN Economic report for July 2014


Nigeria’s oil production rises in August

The report indicates that Nigeria made more money from crude oil sale in August than in July


CBN Economic report May 2014

INFOGRAPHIC: CBN Economic report for May 2014

MONEY BAG 2quater-14

CBN Economic report 2nd quarter 2014

INFOGRAPHIC: CBN Economic Report For 2nd Quarter 2014

NNPC headquarters in Abuja

NNPC, others lifted 62million barrels of crude in July

Record shows about 58.31 million barrels of wellhead production was short of actual figure


FAAC: FG, States, LGs share N603.5bn for Sept.

Accountant General of the Federation, Jonas Otunla, said although the FAAC meeting held late in the month, civil servants would receive their salaries on time.


Infographic: Marginal fields and its poor performance

Marginal fields are oil and gas reserves usually too small for production to be economically viable for large oil companies. They are usually awarded to indigenous companies to explore considering the size of the reserves. There is widespread agreement that past awards of marginal oil fields in Nigeria have not delivered maximum value, either for […]

petrol station fuel

Fuel crisis looms across Nigeria as supply drops by 36 million litres

NNPC workers are pressing for the resolution of issues regarding pensions’ management.

Minister of State for Finance, Bashir Yuguda

NNPC begins payment of N206billion debt owed Federal Govt.

Federal, States and Local Governments shared N611.77 billion for August.

Nigeria’s oil revenue rises by 4.3% in second quarter 2014

The increase in oil receipt relative to the proportionate budget estimate was attributed largely to the rise in the other oil revenue during the review period.

ONE Africa Executive Director

​Malabu-like deals cost Nigeria, other developing nations $1 trillion yearly — Report

The losses are funds generated from the exploitation of natural resources and tax revenues siphoned from developing countries. The $1.1bn Malabu deal is an example

Nigeria realises N2.432 trillion oil revenue between January, April

N622.9 billion was made from gross oil revenue receipts for April alone. The latest monthly Economic Report by the Central Bank of Nigeria, CBN, showed that about N622.9 billion was made from gross oil revenue receipts for April alone. The figure was lower than about N689.1 billion realised in March by about 9.6 per cent, […]


CBN Economic report 1st quarter 2014