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
4 mins ago
A former Director-General of the Bureau of Public Service Reforms, Dr. Joe Abah, has narrated how an air crash was averted in Lagos on Friday. Abah, who made this disclosure in a post on his X handle, said he boarded a 7:00 am Ibom Air flight in Lagos, heading to Abuja. The flight also had…
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US-led coalition forces shot down four drones and an anti-ship missile launched by Yemen's Huthi rebels, American authorities said Thursday, as the Iran-backed group announced strikes against US and Israeli ships.
23 mins ago
A fire incident disrupted flights at the Murtala Muhammed International Airport (MMIA), Lagos, on Thursday morning. The Federal Airports Authority of Nigeria (FAAN), in a statement on Thursday, said smoke was detected emanating from the E54 bridge at 05:29 hrs. FAAN's director of public affairs and consumer protection, Obiageli Orah, said the airport engineers immediately…
29 mins ago
The death toll from a migrant boat disaster off Djibouti this week has risen to 24, the UN's migration agency said, highlighting a sharp increase in the number of people returning from Yemen to the Horn of Africa nation this year.
1 hour ago
US far-right conspiracy website Gateway Pundit is filing for bankruptcy, its founder said Wednesday, as it battles a string of lawsuits alleging it promoted misinformation related to the 2020 election.
1 hour ago
Honduras is experiencing a femicide "emergency," a United Nations official warned Wednesday, with at least 66 women murdered so far this year according to activists.
2 hours ago
The widespread use of alcohol and e-cigarettes among adolescents is "alarming", according to a report released on Thursday by the World Health Organization's (WHO) European branch, which recommended measures to limit access.
5 hours ago
Despite the exodus of university teachers and attendant shortage of manpower in public universities nationwide, the non-retention policy of the Federal Government has caused over 5,032 first-class graduates to languish in the job market and far away from the tertiary institutions that erstwhile retained them.
5 hours ago
As the whereabouts of former Kogi State governor, Yahaya Bello, remain unknown a week after he was declared wanted by the Economic and Financial Crimes Commission (EFCC) and placed on a watch-list by the Nigeria Immigration Service (NIS)
5 hours ago
Data sourced from the Central Bank of Nigeria (CBN) suggest the economy may be relapsing to cash hoarding again a year after the chronic currency scarcity even as the proportion of currency in circulation that is held outside the banking system has returned to the pre-naira redesign level.