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Business

Nigeria reclaims top spot as Africa’s largest crude oil producer, surpasses Angola

Nigeria has reclaimed the first position as Africa’s largest crude oil producer by overtaking Angola.This is according to data released by the Organization of...

Business

JUST-IN: Nigeria To Earn More Revenue From Oil & Gas Sector As OPEC Grants Approval To Produce ‘Maximally’ In 2023

Hopes for an increase in crude oil production for Nigeria were rekindled on Sunday following approval by the Organization of Petroleum Exporting Countries to...

Business

Nigeria’s Daily Crude Oil Production To Hit 1.8 Million Barrels Per Day Next Month- Wunti

Nigeria’s daily crude oil production has surged to about 1.6 million barrels per day, and it’s expected to hit 1.8 million barrels per day...

News

Nigerian govt laments failure to meet 2.5m daily crude oil output, gives reasons

The Federal Government revealed on Wednesday that Nigeria’s oil production is currently roughly one million barrels per day below its technically permissible potential.It blamed...

News

Troops destroy 41 refineries, recover 1.06m litres crude – DHQ

The Defence Headquarters says troops of Operation Delta Safe (OPDS) have destroyed 41 illegal refining sites and recovered more than 1.06 million litres of...

Business

Malami faults allegation of losing $2.4bn from crude oil sale to China

By Femi OgunsholaThe Minister of Justice and Attorney General of the Federation (AGF) Abubakar Malami has dismissed claims that Nigeria lost over 2.4 billion...

Business

Probe missing 149 million barrels of crude oil in 2019 or face legal action, SERAP tells Buhari

SERAP also urged him to “ensure the effective prosecution of anyone suspected to be responsible for the plundering of the country’s oil wealth and...

News

SERAP tells Buhari to probe missing 149 million barrels of crude oil in 2019 or face legal action

By JOY ADARA, Abuja –Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “set up a presidential panel of enquiry to...

Business

Nigeria’s crude oil output to drop as Exxon Mobil declares force majeure

The recent increase in oil production is set to be significantly hit as Exxon Mobil has declared force majeure on oil lifting from different...

News

Oil thieves steal crude oil worth N16.25tn from Niger Delta in 14 years

Nigeria lost a staggering 619.7 million barrels of crude oil, worth N16.25 trillion ($46.16 billion), due to crude oil theft between 2009 and 2020.The...

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