President Bola Tinubu has directed the Nigerian National Petroleum Company Limited to sell crude oil to Dangote Refinery and other upcoming refineries in Naira. The Special Adviser to the President on Information and Strategy, Bayo Onanuga, made this known in…
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has said that the country’s average daily production stood at 1.61 million barrels per day as of July 23. Komolafe disclosed this at the House of Representatives Special…
President Bola Tinubu has directed security agencies to improve the security architecture to ensure the production of 2.1 million barrels of crude oil per day. Gen. Christopher Musa, Chief of Defence Staff (CDS), said this while briefing State House correspondents,…
…Pledges support to NNPC Ltd The National Assembly has thrown its weight behind NNPC Ltd’s ongoing efforts to boost Nigeria’s crude oil production and grow its reserves, saying it will consider stiffer consequences for crude oil thieves and vandals of…
Nigeria’s average daily crude oil production increased to 1.27 million barrels per day (mbpd) in June 2024, fresh data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. According to the Monthly Oil Market Report (MOMR) released on Wednesday,…
Nigeria has maintained its position as the largest crude oil producer in Africa amid production rise to 1.276 million barrels per day in June, 2024. This is according to the latest data of Petroleum Exporting Countries, OPEC. This represents a…
By Adeyanju Esther The Nigerian Navy Ship, NNS Delta, recently uncovered two illegal refining sites suspected of processing stolen crude oil in the Warri South Local Government Area of Delta State. Led by Navy Commander Patrick Ali on Monday, representing…
No fewer that five vessels laden with crude and diesel fuel will berth in Apapa and Tincan ports in Lagos, a daily publication the Nigerian Ports Authority, has indicated. The vessels would also come with containers of different products. The…
The value of Nigeria’s crude oil export earnings increased by 50.2 percent in the first quarter of 2024 to N15.4 trillion, according to data from the Nigeria Bureau of Statistics (NBS). The earnings quoted in naira showed a rise from…
The group chief executive officer (CEO), Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari has said the country’s oil production volume is close to 1.7 million barrels per day (bpd). He made this known in Lagos at the weekend at…
