Governor Muhammad Badaru Abubakar of Jigawa State has asserted that no government in the history of Nigeria can equate the achievement of the incumbent administration led...
Not until issues such as vandalism, oil theft, and low investments are addressed accordingly, Nigeria may continue to lose fortunes from crude oil, Naija News reports....
The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria lost about 22.658 million barrels of crude oil valued at N1.22tn in the first quarter of 2022....
The Federal Government has stated the country’s oil reserves increased by 0.136 billion barrels to 37.046 billion barrels as of January 31, 2022. Naija News reports...
According to the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, the country’s oil reserve has increased a bit between a year to the present time. The commission...
The number of functional crude oil production rigs in Nigeria has dropped to 10, the Organisation of Petroleum Exporting Countries, OPEC, revealed this in it’s latest...
By Richard Ogunsile and Chukwuani Victoria When a country borrows hugely either internally or externally, there is an expectation the borrowed funds will impact its economy...
Global oil benchmark, Brent crude has appreciated amid crisis in Europe involving Russia and Ukraine. A trade report on Monday showed Brent crude price leaping by...
Nigeria has witnessed the highest increase in the price of crude oil, a percentage said to be the highest of its kind in the last seven...
The leader of the Pan Yoruba socio-political organization, Afenifere, Chief Ayo Adebanjo, has joined issues with former President Olusegun Obasanjo over the debate on resource control....
The Pan Niger Delta Forum (PANDEF) has replied to former President Olusegun Obasanjo over his comment that oil belongs to Nigeria and not Niger Delta. Recall...
Libya has overtaken Nigeria as the biggest producer of crude oil in Africa based on the latest report by the Organization of the Petroleum Exporting Countries...
Crude oil rose to 8 months high on Wednesday after data showed a surprise drop in United States crude oil inventories for last week. The better...
Global oil prices pulled back slightly on Tuesday after rising on strong optimism on the back of COVID-19 vaccine and the expectations that OPEC and allies...
According to the Nigerian National Petroleum Corporation (NNPC) who dismissed the report stated no public officials sold the stolen 48 million barrels of crude oil to...
According to Reuters, Matrix and Vitol individually would receive 15,000 barrels per day (bpd) of oil from Nigeria as repayment over a five-year period from August. The...
Nigeria's Minister of Justice, Abubakar Malami has revealed why he decided to sell the forfeited oil vessel to the federal government of Nigeria.
The Crude oil prices recorded the highest growth since the inception of COVID-19 pandemic at over $42 per barrel as the world’s major oil producers (OPEC)...
Nigerian has recorded crude oil and gas export sales of 434.85million dollars in January. The Nigerian National Petroleum Corporation( NNPC) who disclosed this in it’s Monthly...
A search has been launched by the Federal government for a Lebanese man, after he offered to sell a Nigerian woman for $1,000. Chairman of the...