Crude oil
Domestic Crude Oil Sale Initiative: Tinubu’s Strategic Move Pays Off
President Bola Tinubu’s directive to sell crude oil and refined products in Naira to domestic refiners has achieved significant success. The Chairman of...
Boost for Nigeria’s Oil Production As NNPC’s Utapate Crude Grade Hits Global Oil Market
In a major boost for Nigeria’s crude oil production, revenue generation, and economic growth efforts, the NNPC Ltd has officially unveiled its latest...
FG begins crude oil sales in Naira to Dangote Refinery – Finance Minister
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 contributed N14.56trn to Nigeria’s exports in Q2 2024
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...
Tony Elumelu to FG, security agencies: Tell Nigerians stealers of Nigeria’s crude oil
Nigerian billionaire businessman, Tony Elumelu has said the Nigerian government and security operatives should tell Nigerians those who steal the country’s crude oil....
Oil sector attracted $16.6bln investments under Tinubu administration – Lokpobiri
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...
Bauchi Govt set to create oil and gas free trade zone
In a bid to woo investors to the state, the Bauchi State Government says it has commenced plans to build a magnificent oil...
NNPCL-facilitated Afreximbank $3.3bln crude oil pre-payment loan to address nation’s FX challenges, says spokesman Soneye
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...
Army uncovers 14 illegal reservoirs with 3m litres of stolen crude oil in Rivers
The headquarters of the 6 Division, Nigeria Army, Port Harcourt, says it has uncovered 14 crude oil reservoirs containing about three million litres...
We’ll produce diesel, aviation fuel before January end — Dangote
Diesel and aviation fuel will be produced from the Dangote Refinery in Lekki, Lagos, before the end of January just as it commenced...
Dangote Refinery, Lagos, world’s largest single-train facility, begins production
After its inauguration seven months ago, the Dangote Refinery, the largest single-train refinery in the world, has commenced production, the company has announced....
Dangote refinery receives 5th one million crude oil shipment
Dangote Petroleum Refinery has confirmed that it has received the fifth crude oil shipment of one million barrels of Bonny Light supplied by...
NNPCL to hit 2m barrels per day crude oil production in 2024
The Nigerian National Petroleum Company Ltd (NNPCL) has set a production target of two million barrels of crude oil per day in 2024....
Dangote confirms receiving maiden 1m barrels of crude
The Dangote Oil Refining Company says it has received its maiden one million barrels of Agbami crude grade which is the first phase...
NNPCL ranks third for free cash flow generation among African oil companies by 2024 – Report
The Nigerian National Petroleum Company Limited (NNPC Ltd) has been ranked third for free cash flow generation by oil companies in Africa by...
Dangote secures permit to process 300,000 barrels of Nigerian crude daily
Africa’s richest man, Aliko Dangote, says Dangote Refinery has secured license to refine more than 300,000 barrels of Nigerian crude per day and...
