UN predicts Nigeria’s petrol price drop in 2024
The United Nations (UN) has predicted a decline in Nigeria’s price of petrol in 2024. According to the United Nations…
Nigeria’s rig count rises by 75% as 2024 outlook seems bright
Despite many challenges, there are indications that Nigeria, a leading African oil and gas producing nation, recorded many feats in…
Nigeria Looks to Attract Investments by Cutting Costs for Oil Firms
Nigeria is lowering production contract costs for oil companies seeking to re-enter the oil and gas industry. Nigeria plans to…
NLC, PDP, LP Issue Stern Warning over World Bank’s N750/litre Fuel Price Benchmark
Nigerians are likely to face tougher times following the recent recommendation by the World Bank urging the Federal Government to…
Oil Price Drop to $76.53pb: A Threat to 2024 Budget
With the 2024 federal budget going through legislative process at the National Assembly, the price of Nigeria’s Bonny Light, yesterday,…
OPEC’s oil output dips on low shipment from Nigeria, Iraq
Oil cartel, Organisation of Petroleum Exporting Countries (OPEC’s) crude oil production dipped in November for the first monthly decline since…
NNPC unnerves oil traders with sudden pricing change
Nigerian National Petroleum Company Limited (NNPC) is to alter how its crude cargoes are priced from next month; a step…
Local content stagnates at 54% amid $25b oil investment, divestment
Nigeria’s local content across the oil and gas sector stagnated at 54 per cent this year to create serious concerns…
Nigeria loses N702bn to gas flaring
Despite Nigeria’s dwindling revenue occasioned by massive oil theft, the country has continued to suffer loss from its gas, as…
Nigeria’s oil revenue rises by 83%, hits N8.5tn – NBS report
Nigeria’s foreign trade in the third quarter of 2023 rose by 53.16 per cent year-on-year to N 18.80tn.This is as…