Members and non-members of the Organisation of Petroleum Exporting Countries, referred to as OPEC+, have globally slashed crude production. Naija News learnt that this was made...
Bayo Onanuga, a campaign spokesperson to Nigeria’s President-elect, Bola Tinubu has said the establishment of the Dangote Refinery will put an end to the country’s inability...
Governors-elect have been told to diversy and not to depend on crude oil revenue in their domains. Naija News gathered from Channels TV that this is...
At least six suspected thieves have been arrested in Abia State by the Nigeria Security and Civil Defense Corps (NSCDC) over alleged possession of drums of...
The Nigerian National Petroleum Company Limited (NNPCL) has said Nigeria is going to save about N367.2 billion annually through the domestic refining of crude oil to...
The incoming administration must implement policies that will drive Nigeria’s economy back on a growth trajectory, says the Director-General of the Nigeria Employers’ Consultative Association (NECA),...
A recent National Bureau of Statistics (NBS) data report has revealed the latest setback in Nigeria’s Foreign Trade, Naija News reports. Based on the data released...
History was made on Tuesday in the Northern region of Nigeria as President Muhammadu Buhari supervised the first oil drilling in the region. Naija News reports...
Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva, has expressed concern over the growing theft of the nation’s crude oil, a development he said is...
Data released by the National Bureau of Statistics has shown that crude oil exports valued at N5.9bn accounted for 80 per cent of total exports undertaken...
The Nigeria National Petroleum Corporation Limited (NNPC) will supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years....
The Central Bank of Nigeria (CBN) has revealed in its statistical report that there was a decline in crude oil revenue in the first quarter of...
The Organisation of Petroleum Exporting Countries (OPEC) has reportedly raised Nigeria’s oil production quota. The development was revealed in a document made available in the public...
Oil marketers in Nigeria have maintained an increased pump price for Premium Motor Spirit, popularly called petrol, higher than the approved rate after the price of...
Nigeria’s oil production crashed by about 14.94 million barrels in the second quarter of 2022, Naija News reports. Data obtained from the latest Monthly Oil Market...
The Nigerian government has lost about N500.6bn from the sale of crude oil between January and May this year. It was gathered on Wednesday that the...
Despite shortfalls in meeting targets on crude oil production for internal and external use, a total of N202.91 billion was earned by the Nigerian government in...
A Foreign Trade report by the National Bureau of Statistics (NBS) revealed that Nigeria’s crude oil exports jumped to N5.6trn in the first quarter of 2022....
President Muhammadu Buhari-led government on Monday stated that it is targeting local refining of over 2.555 billion barrels of crude oil worth over N120trn in the...
Data from the Nigeria Extractive Industries Transparency Initiative for 2021 reveals Nigeria lost N2.2 trillion in one year due to the Deferment of crude oil output...