FG to Supply 5 Billion Cubic Feet of Gas to Domestic, Export Markets

The Nigerian Federal Government has affirmed its commitment to providing a daily supply of 5 billion cubic feet of gas to both domestic and...

Crude Oil Prices Drop Below $80 Amidst Various Doubt

As members of the Organization of the Petroleum Exporting Countries (OPEC) and allies (OPEC+) got ready for a meeting later this week, oil prices...

Dangote Refinery Starts Production With 350,000bpd

Founder Aliko Dangote said that the much-awaited project would start with 350,000 barrels per day next month, but in the meanwhile, Dangote Refinery has...

Dangote To List Refinery On NGX, NNPC Held To 20% Stake

The company's chairman, Mr. Aliko Dangote, has disclosed that Dangote Refinery and Petrochemical Limited would eventually be listed on the floor of the Nigerian...

Nigeria Oil Export Surge Ease Fiscal Pressures

The Nigerian government has seen an improvement in oil export revenue following an extended period of underperformance, as the country's oil production level has...

Oil Falls As OPEC Postpones Meeting Over Disagreement

Following the announcement that the scheduled OPEC+ conference, which was supposed to settle on production quotas for 2024 among member producers, would now take...

NNPCL Forecasts N4.5 Trillion Revenue, To End Oil Import by Dec 2024

The Nigerian National Petroleum Company Limited (NNPCL) has announced its intention to halt the importation of refined petroleum products by December 2024, as all...

Petrol Prices Surge to N630.63 in October 2023-NBS

The National Bureau of Statistics (NBS) has reported a substantial rise in the average retail price of petrol in October 2023, reaching N630.63 per...

Nigeria Reports 172 Crude Oil Theft Incidents in a Week – NNPCL

Between November 11 and 17, Nigeria witnessed 172 incidents of crude oil theft, as disclosed by the Nigerian National Petroleum Company Limited (NNPCL) in...

Nigeria’s Crude Oil Output Sees 10% Rise in First 5 Months of Tinubu’s Presidency

Since the inauguration of President Asiwaju Bola Ahmed Tinubu in May 2023, Nigeria's crude oil production has experienced a modest increase of 131,926 barrels...

Nigeria Loses $16tn To Gas Flares In 10 Years

In ten years, the projected loss to the federal government from natural gas flaring has been $16 trillion. The amount was lost between 2012...

Nigerians Struggle To Buy Cooking Gas Amid Price Hike

Despite various efforts by the Federal Government to enhance supply and encourage local consumption, the demand for cooking gas, or Liquefied Petroleum Gas (LPG),...

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