Dumebi Kachikwu has highlighted the challenges facing Nigerian refineries, including Dangote's, due to the government forward-selling crude oil.
Nigeria’s output of crude cannot supply Dangote because not every crude it has belongs to the country, says oil and…
Dangote Refinery is negotiating with Libya and Angola for crude oil to tackle domestic supply challenges
“About 40% of what is adjudged crude oil theft actually are attributable to metering inaccuracies,” says NUPRC boss Gbenga Komolafe.
Again, Nigeria failed to ramp up crude oil production despite all the sloganeering by the various agencies of government, producing…
Nigeria's federal government will boost crude oil production through the reactivation of oil wells that were shut down due to…
Businessman and Chairman Heirs Holdings, Mr Tony Elumelu, on Thursday bemoaned the fact that Nigeria was losing over 95 per…
The audit report of the Auditor General for the Federation has revealed that the defunct Nigeria National Petroleum Company (NNPC)…
The price of international benchmark, Brent crude oil traded nine per cent higher to close at $128.60 per barrel on…
Crude oil price on Wednesday continued its upswing as Brent, Nigeria’s benchmark crude, rose above $113 per barrel for the…
At a projected 1.86 million barrels daily oil production in the country's 2021 budget, Nigeria recorded a huge deficit of…
A bit of good news came in for the Dollar-strapped Nigerian economy on Friday with the price of Brent crude…
The Nigerian National Petroleum Corporation (NNPC) failed to remit N3.878 trillion, some $9.435 billion revenue from domestic crude oil sales…
Crude oil prices Tuesday climbed to the highest point in more than two-and-a-half years, after the Organisation of Petroleum Exporting…
With the sustained rally of crude oil prices, there is pressure on Nigeria’s federal government to save the windfall as…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, yesterday led a delegation from the…
Oil prices edged up to their highest in 13 months on Tuesday as supply cuts by major producers and optimism…
West Africa’s oil exports slumped to the lowest level in at least three years last month as infrastructure woes for…
Oil prices will average above $50 per barrel in 2021, a more than 21% rise from 2020's depressed level on…
The Organisation of Petroleum Exporting Countries (OPEC) has projected a daily crude oil demand increase by 5.9 million barrels per…