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Business

Nigeria retains top spot as crude oil production surges to 1.35m bpd in August

Nigeria’s average daily crude oil production increased to 1.35 million barrels per day (bpd) in August.This is even as Nigeria retained its position as...

News

Civil rights group calls for investigation of Matrix Oil over importation of blended crude, violation of sanctions on Russian oil

Speaking at a press conference, convener Okwa Dan claims Matrix Oil’s actions have caused economic sabotage, environmental pollution, and health risks to Nigerians.The group...

News

Nigeria demands return of stolen crude oil, calls for global cooperation against illicit financial flows

Nigerian Foreign Affairs Minister Yusuf Tuggar has called for international cooperation to combat illicit financial flows and ensure the return of stolen crude oil...

Business

Nigerian govt to commence crude oil sale to Dangote, others in Naira from October

The Federal Government has announced that it will begin selling crude oil to local refineries, including the Dangote Refinery, in naira starting from October...

News

Crude oil demand from Dangote, local refineries hits 597,700bpd daily

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has unveiled crude oil producers’ production forecast for the second half (H2) of 2024.In a report yesterday,...

Business

Like Dangote, Edo refinery counters NUPRC, NNPCL over crude supply

A few weeks after Dangote Industries Limited, the operators of the Dangote Refinery raised alarm about the inability to get crude allocation under the...

Business

Nigeria’s crude oil production hits 1.3 million bpd

Nigeria’s crude oil production rose to 1.307 million barrels per day in July.The Organisation of Petroleum Exporting Countries (OPEC) disclosed this in its Monthly...

Business

Operators accuse NNPC Ltd of not complying with FG’s directives to sell crude in Naira

The Dangote Petroleum Refinery and other domestic refineries have accused the state oil company , Nigerian National Petroleum Company Ltd (NNPCL Ltd) of not...

Business

Oil Production Will Hit Two Million Barrels Per Day In December, Kyari Assures

The Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd, Mele Kyari, has projected an increase in crude oil production to about...

Business

NNPC Ltd’s State Of Emergency On Crude Oil Production Yields 1.61mbpd In July

The declaration of a state of emergency by the Nigerian National Petroleum Company Limited on crude oil production has yielded a positive outcome with...

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