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…
NNPCL, partners to add 192,000bpd to crude production
The Nigerian National Petroleum Company Limited (NNPCL) and its joint venture partners plan to add about 192,000 barrels of crude…
Fuel Smuggling Persists at Borders Despite Subsidy Removal – Customs Boss
The Acting Comptroller-General of the Nigeria Customs Service, Adewale Adeniyi, on Monday, vowed a heavy clampdown on oil thieves, insisting…
NNPC intercepts vessel with stolen crude oil en route to Cameroon
The Nigerian National Petroleum Corporation (NNPC) said it intercepted a suspicious vessel carrying 800,000 litres of stolen crude oil en…
Fuel subsidy: Monthly fuel consumption drops by 18.5million litres
The volume of Premium Motor Spirit, popularly called petrol that was consumed across the country in the first half of…