Tag: crude oil

The agency says it is monitoring pricing trends in the downstream petroleum sector and will sanction businesses found exploiting consumers ...

The Dangote Petroleum Refinery says its growing surplus of aviation fuel positions it to become a major global supplier, amid ...

Nigeria’s state-owned oil company, NNPC Limited, reported a rise in crude oil and condensate production to 1.68 million barrels per ...

NJ Ayuk’s ‘Crude Oil: Power, Turnaround and Transformation in Angola’ offers a timely comparative lens as Nigeria seeks to restore ...

Niger State Government has invited the Dangote Group and other private investors to explore crude oil opportunities in the Bida ...

Also, low-income earners who cannot afford the high cost of transportation walk a long distance to work to survive.

The finance ministry further identified three transmission channels through which the crisis could affect the Nigerian economy: crude oil and ...

While Nigeria sustained a positive trade balance in the fourth quarter of 2025, total merchandise trade fell, largely due to ...

The Dangote Petroleum Refinery says the recent N100 increase in its petrol ex-depot price was driven by rising global crude ...

According to a document prepared by the IEA and seen by Bloomberg News, member countries collectively hold more than one ...

“Since this spill started, we can no longer farm or fish,” a resident of the Ogoni community said.

NNPC Ltd congratulated Chevron Nigeria Limited (CNL) on the successful drilling of the Awodi-07 appraisal and exploration well, noting that ...

NPA also said that 21 ships are currently discharging bulk pallets, general cargoes, fresh fish, containers, bulk salt, bulk sugar, ...

The lawmakers said Nigeria loses billions of dollars annually through unverified crude shipments, under-declarations by exporters, and non-repatriation of foreign ...

“As parliamentarians, it is our constitutional duty to protect the integrity of the nation’s revenue system and ensure that every ...

Crude oil, once the country’s lifeblood, no longer guarantees stability. Revenues are dwindling, global prices are unpredictable, and the cost ...

Speaker Abbas Tajudeen said the revival of the downstream industry under President Bola Tinubu’s Renewed Hope Agenda, particularly the operationalisation ...

Mr Jonathan has not declared his intention to run for a second term in office.

He, however, noted that if Dangote Refinery starts selling petrol in dollars, prices will increase.

According to the refinery, the decision was made due to the refinery selling petroleum products in excess of its Naira-Crude ...

This is an increase from the N185 billion recorded in July.

This ruling represents a milestone for FirstBank, reinforcing its commitment to protecting its assets and upholding the integrity of financial ...

The increase in oil output is a positive development for Nigeria's oil industry, which has faced various challenges in recent ...

The Igbomotoru community, rich in crude oil deposits and famous for ruthless militants and crude oil thieves, has had a ...

But the recent slide in Brent crude, down roughly 20 per cent from over $82 in January to around $65 ...