Nigeria’s average crude oil production in the month of September declined by as much as 33,000 barrels to 1.405 million barrels per day. In its October oil market report, the Organisation of Petroleum Exporting Countries (OPEC) revealed that Nigeria’s crude…
By Seun Ibiyemi The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, announced that the NPA has begun implementing the Federal Government’s directive to coordinate service provision from all regulatory, security, and other stakeholders for the smooth…
By Seun Ibiyemi According to the Nigeria Extractive Industries Transparency Initiative (NEITI)’s 2022 and 2023 Independent Oil and Gas Industry Report released last weekend in Abuja, about 7.68 million barrels of crude were either stolen or lost in Nigeria in…
By Adeyanju Esther The Nigerian Navy reports that troops from Forward Operating Base Lekki have apprehended five suspects linked to stolen crude oil found in a wooden boat. This was revealed in a statement shared via social media handle on…
The Nigeria National Petroleum Company Ltd (NNPCL) has stated that it will supply the Dangote refinery a total of 17.6 million barrels of crude oil between September and October this year. The Executive Vice President of the NNPC, Mr. Adedapo…
The Spokesperson for the Nigeria Customs Service (NCS), Abdullahi Maiwada, has said Nigeria’s crude oil production has reached 1.66 million barrels per day. Maiwada disclosed this during the monthly news conference, organised by the Strategic Communication Interagency Policy Committee(SCIPC) hosted…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has finalised an agreement with the Nigerian National Petroleum Corporation (NNPC) Limited to sell crude oil to Dangote refinery in local currency, the naira. This is contained in a statement by…
The State Minister of Oil, Heineken Lokpobiri, has insisted that the country is producing 1.7 million barrels of crude oil daily including condensates. Lokpobiri made this disclosure during a keynote speech at an energy summit in Abuja. He said the…
The Petroleum and Natural Gas Senior Association of Nigeria (PENGASSAN) says it will not relent, until victory is achieved in the fight against crude oil theft. The President of the association, Festus Osifo, stated this on Wednesday in Abuja at…
The Federal Government says it will begin crude oil sales in Naira to Dangote Refinery and others in October. This is according to a statement by the Director Press and Public Relations, Federal Ministry of Finance and Economic Planning, Mr…
