The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) has pegged Nigeria’s crude oil production quota for 2024...
Crude oil prices have dropped amid anxiety surrounding the Organization of Petroleum Countries meeting at the weekend. Brent crude futures fell by $1.74, or 2.1 percent...
Former Governor of the Central Bank of Nigeria (CBN) and ex-Emir of Kano State, Sanusi Lamido Sanusi II, has said Nigeria cannot afford to continue to...
Nigeria’s crude oil grade prices in the international market surged amid the death of Iranian President, Ebrahim Raisi. According to market data, Brass River and Qua...
The Central Bank of Nigeria (CBN) has approved the appointment of 11 pre-shipment monitoring and evaluation agents for oil and gas exports in Nigeria. The announcement...
The military Joint Task Force in Niger Delta “Operation Delta Safe (OPDS)” has uncovered 50 illegal refining sites at the Biseni forest in Yenagoa Local Government...
Nigeria’s Defence Minister, Abubakar Badaru, has revealed why crude oil theft is yet to be checkmated in the Niger Delta region. According to Badaru, the proliferation...
The Nigerian Economic Summit Group (NESG) has stated that unless certain conditions are met, Nigeria may not reap the benefits of local crude oil refining which...
Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
Seplat Energy Plc has released its unaudited financial statements for Q1 2024. The company posted a pre-tax profit of $69.3 million, representing a 19.5% year-on-year decline...
Chinese energy giant PetroChina has been waiting to offload a shipment of U.S. crude oil at Dangote refinery for almost a month due to issues with...
Federal government is expected to generate $4 billion annually from trading about 50 million barrels on Nigeria’s commodities exchange. The exchange plans to offer crude oil...
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The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said Nigeria’s crude oil reserves increased from 36.96 billion barrels (bb) on January 1, 2023, to 37.50 bb...
The federal government of Nigeria has outlined new regulations that will guide the sale of crude oil to refineries in Nigeria. The government, through the Nigeria...
Nigeria is expected to generate more revenue from crude oil due to the political tension between Russia and Ukraine, and Israel/Hamas. Naija News understands that the...
The Nigerian government says its encountered problems on the Trans Niger Pipeline and other maintenance activities are the reason for the drop in crude oil production...
According to the Organisation of Petroleum Exporting Countries (OPEC), Nigeria’s crude oil production declined for the second consecutive month in March. The country’s daily output dropped...
The Edo Refinery has officially received 15,000 barrels of crude oil from the Oza Oil Field for production. The Chief Executive Officer of Decklar Resources, Sanmi...
The Federal Government has insinuated a new way to move crude oil using virtual means. Naija News understands that the FG will use barges and trucks...
The Minister of Finance, Olawale Edun, says the country’s daily crude oil production is up to 1.65 million barrels per day, against the 1.25 million bpd...
The Joint Task Force (JTF) has reportedly confiscated more than 500,000 litres of Automotive Gas Oil (AGO), commonly known as Diesel, in Rivers State. The operation...
The 6 Division of the Nigerian Army, Port Harcourt, Rivers State, says it has uncovered illegal oil reservoir stored with about one million litres of crude...