The Federal Government has confirmed that the policy requiring crude oil and refined petroleum product sales in Naira will continue as a long-term national directive.
The Ministry of Finance reassured the public on Wednesday via X (formerly Twitter), addressing growing...
The global oil benchmark, Brent crude, climbed past $81 per barrel on Monday, marking its highest level in over four months. The surge follows the United States' imposition of aggressive sanctions targeting Russia's oil industry.
The sanctions, announced Friday, impact...
The Nigerian National Petroleum Company Limited (NNPC Ltd) and its partners have ramped up crude oil and gas production to 1.8 million barrels per day (mbpd) and 7.4 billion standard cubic feet per day (scfd), a significant leap in...
The Nigeria Extractive Industries Transparency Initiative (NEITI) disclosed that around 7.68 million barrels of crude oil were stolen in 2023. This figure was shared by NEITI’s Executive Secretary, Dr. Orji Ogbonnaya Orji, during a keynote address at a Civil...
Dangote’s $20 Billion refinery is relying less on imported crude and getting more supplies locally according to a report released on Wednesday, August 21, 2024. According to the report, the refinery is now getting about 80% of its supply...
The Nigerian Army say it has intensified operations against illegal bunkering in the Niger Delta, destroying more illegal refineries and confiscating stolen products. This, according to the Acting Deputy Director 6 Division Army Public Relations Lt. Col. Danjuma Jonah...
The Crude Oil Refiners Association of Nigeria say they have still not heard from the Nigeria National Petroleum Company Limited (NNPCL) on the directive handed from President Bola Ahmed Tinubu saying crude oil should be sold to them in...
