Crude oil prices have surged to above $112 per barrel as the Iran-United States-Israel war escalation entered day 21 on Saturday amid a...
Nigeria’s total hydrocarbon output, comprising crude oil and condensates, saw a sharp 9% month-on-month contraction in February 2026. According to the latest data...
Nigeria closed out the final quarter of 2025 with a healthy trade surplus amounting to ₦1.71 trillion, even as overall export volumes slipped,...
Nigeria’s crude oil production declined to 1.39 million barrels per day (bpd) in September 2025, according to the latest Monthly Oil Market Report...
Nigeria’s oil production has increased to 1,485,700 barrels per day (bpd) in April, marking a 6.06% rise compared to March’s yield of 1,400,783...
President Bola Tinubu’s directive to sell crude oil and refined products in Naira to domestic refiners has achieved significant success. The Chairman of...
In a major boost for Nigeria’s crude oil production, revenue generation, and economic growth efforts, the NNPC Ltd has officially unveiled its latest...
The Federal Government has officially begun selling crude oil and refined petroleum products in local currency, the Naira. Mr. Olawale Edun, the Finance...
Crude oil exports accounted for 74.98 percent of Nigeria’s total export value in the second quarter of 2024, according to the Nigeria Bureau...
Nigerian billionaire businessman, Tony Elumelu has said the Nigerian government and security operatives should tell Nigerians those who steal the country’s crude oil....
The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has announced that about $16.6 billion investments have been committed to Nigeria’s oil...
In a bid to woo investors to the state, the Bauchi State Government says it has commenced plans to build a magnificent oil...
The Nigerian National Petroleum Company Limited (NNPCL) has explained the rationale for its intervention in the $3.3 billion crude oil pre-payment loan it...
The headquarters of the 6 Division, Nigeria Army, Port Harcourt, says it has uncovered 14 crude oil reservoirs containing about three million litres...
Diesel and aviation fuel will be produced from the Dangote Refinery in Lekki, Lagos, before the end of January just as it commenced...
After its inauguration seven months ago, the Dangote Refinery, the largest single-train refinery in the world, has commenced production, the company has announced....
