Crude oil
15 Apr
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.
14 Apr
Nigeria may struggle to find buyers for its crude oil as about 30 out of 53 cargoes loading for May are stranded. This is coming despite the low production currently being experienced in the country as Angola
23 Feb
Crude oil has been good to our nation. Very good, indeed. It is easy to rhapsodise our oil wealth and the little village, Oloibiri, where it all began in 1956.
24 Jan
Nigeria is asking the global community to allow the continent to prioritise responsible crude oil exploration even as the upstream exploration and production activities are projected to remain challenging in 2024.
16 Jan
Nigeria may fail to produce about 138 million barrels of crude oil worth $10.73 billion in 2024 even as President Bola Tinubu sets Nigeria’s N28 trillion 2024 budget on an unrealistic oil and gas outlook that has consistently failed in the last 10 years.
18 Dec
The newly appointed Board and Management team for the Nigerian National Petroleum Company Ltd (NNPCL) on Monday pledged to produce two million barrels of crude oil on a daily basis from 2024.
26 Nov
About 3,000 barrels of crude oil were lost to the Nov. 15 oil spill from the offshore Egina Floating Production Storage and Offloading (FPSO) vessel of TotalEnergies.
22 Nov
The Federal Inland Revenue Service (FIRS) has charged foreign companies shipping crude oil from Nigeria to comply with the country's tax laws in their operations.
2 Nov
• IOCs, independent oil producers worry over commercial, data security • Crude oil edges slightly higher amid Middle East tensions Operators in the oil sector expressed concerns over commercial and contract issues as Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, yesterday, moved to enforce mandatory supply of crude to local refineries. Operators of local…
25 Oct 2023
The Group Managing Director of Rainoil Limited, Dr. Gabriel Ogbechie, has emphasised that increasing Nigeria's crude oil production is a solution to the current economic challenges facing the country. He made these remarks on Tuesday while speaking during a roundtable session at the 29th Edition of the National Economic Summit at the Transcorp Hilton, Abuja.…
4 Aug 2023
Delta State Command of the Security and Civil Defence Corps (NSCDC), yesterday, paraded four suspects for smuggling Automotive Gas Oil (AGO) in nylon sachets, jerry cans, and other exhibits in the last two weeks.
21 Jul 2023
The other day, security Agencies in Nigeria reportedly ordered the destruction of a ship laden with stolen crude oil and news credited to the Nigerian National Petroleum Company (NNPC) have it that an average of 437, 000 barrels of crude oil is stolen in Nigeria daily...
Latest
27 mins ago
Hearing in two separate money laundering suits filed by the Economic and Financial Crimes Commission (EFCC) against British national, James Nolan, could not proceed on Wednesday at a Federal High Court, Abuja.
1 hour ago
Iranian goalkeeper Hossein Hosseini has been banned by the Iranian Football federation for Hugging a female fan after a football game. The goalkeeper was banned and fined of approximately #6.2Million for his actions which is against the country's policy as far as both genders are concerned. The incident unfolded when a female supporter's hijab slipped,…
1 hour ago
President Bola Tinubu has called on the nation’s Judiciary to embark on reforms that will ensure functional justice system and support economic growth.
1 hour ago
Dr. Umar Ganduje, the National Chairman of the All Progressives Congress (APC), has said that the party would provide solutions to the challenges bedevilling the country. Ganduje stated this during the APC grand finale campaign and the presentation of party flags to the 11 local council chairmanship candidates, on Wednesday in Gombe. The News Agency…
2 hours ago
Nigerian chess master and founder, ‘Chess in Slums Africa’, Tunde Onakoya has returned to Nigeria after he broke the Guinness World Record for the longest time playing chess without losing a game. Onakoya broke the record of Norwegian players, Hallvard Haug Flatebø and Sjur Ferkingstad, who played for 56-hour, 9-minute in 2018. He made his…
2 hours ago
The Rivers Commissioner for Finance, Mr. Isaac Kamalu, resigned his appointment on Wednesday. He is the second commissioner to resign from the cabinet on Wednesday after Gov. Siminialaye Fubara, announced a slight cabinet reshuffle on Tuesday. The first to resign was Prof. Zacchaeus Adangor, Attorney-General and Commissioner for Justice. In the cabinet reshuffle, the governor…
2 hours ago
In furtherance of efforts to sanitize the mining sector, the federal government has revoked 924 dormant licences spanning exploration, mining, small-scale mining, and quarrying Licenses, six months after revoking 1,663 licences. The revocation licences include 528 exploration licenses; 20 mining licences; 101 quarry licenses, and 273 Small Scale Mining Licenses (SSML). Minister of Solid Minerals…
2 hours ago
Donning hijabs and floor-length abaya gowns over shorts and tank tops, Chinese students at an e-commerce school perform into a smartphone camera as they learn how to sell the clothes to overseas TikTok users. It is the final day of a two-week course on selling products abroad via the short video app -- which despite…
3 hours ago
The Tertiary Education Trust Fund (TETFund) said over 2.5 million Nigerian students have so far enrolled on its Tertiary Education, Research, Applications and Services (TERAS) platform. Executive Secretary of the Fund, Arc. Sonny Echono stated this on Wednesday in Abuja at the Second Registrar's workshop and 75th business meeting of the Association of Registrars of…
3 hours ago
Manchester City's Premier League title bid suffered a blow after Norway striker Erling Haaland was ruled out of Thursday's crucial clash at Brighton. Haaland missed City's 1-0 win over Chelsea in the FA Cup semi-final at Wembley on Saturday due to a muscle injury sustained in the Champions League quarter-final exit against Real Madrid last…