Lagos Commodities and Futures Exchange has projected that Nigeria will generate $4 billion annually from trading about 50 million barrels on Nigeria’s Commodities exchange. The Chief...
The Economic and Financial Crimes Commission (EFCC), on Monday, charged five defendants before a Federal High Court in Lagos, over an illegal deal in petroleum products....
The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri has attributed the low crude oil production in the first quarter of the year to issues...
For February, Nigeria’s crude oil production dropped to 1.32 million barrels per day from the 1.42-million-barrel oil daily production- a drop of 104,000 barrels per day....
…Solicits EFCC’s support in combating oil theft The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr Mele Kolo Kyari gas...
Senate President Godswill Akpabio has lauded the Nigerian Navy over improved security in the maritime environment and increased onslaught against crude oil theft in the country....
Dangote refinery is preparing to import crude from the US in the forthcoming months, signalling the increasing competitiveness of American barrels in the global market. This...
For the month of December, Nigeria’s average daily crude oil production reached 1.418 million barrels from the 1.31 million barrels recorded in the month of November....
The Organization of Petroleum Exporting Countries (OPEC) crude oil production maintained a steady production of crude oil with an average of 28.05 million bpd in December...
By Akinyemi Precious According to a report by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigeria’s crude oil, blended and unblended and condensate production increased to...