Crude-oil

The federal government has announced that the sale of crude oil to the Dangote refinery in naira will begin on October 1st. During a meeting with the Implementation Committee on Monday in Abuja, Wale Edun, the Minister of…

President Tinubu has extended an offer of support to the Dangote Refinery by proposing that NNPC sells crude to the refinery in Naira, providing a valuable lifeline. In order to maintain the stability of fuel prices and the…

In line with the Federal Government plan to gight crime and protect the nation's natural resources, Tantita Security Services (TSSL) has renewed efforts with tactics to sustain their gain in the fight against crude oil theft in the Niger…

Nigeria has reclaimed its position, as Africa’s largest oil producer, by overtaking Angola, data from the Organisation of Petroleum Exporting Countries (OPEC) has shown. Angola had overtaken Nigeria to emerge top African crude…

The Nigerian National Petroleum Corporation Limited (NNPCL) has recently made a preliminary findings that indicates the availability of crude oil in the Agwatashi and Assakio communities in the Obi Local Government Area of the state.…

Shell, an international energy company, has agreed to pay €15 million compensation to three Nigerian farmers and their villages in Niger Delta. The farmers, with the help of the Friends of the Earth, Netherlands, and two Nigerian…

The Nigerian Navy has accused the Nigerian National Petroleum Corporation Limited of not revealing the true cause(s) of crude oil theft in the country, but reeling out exaggerated figures to save its face. This disclosure was made to the…

The total debts of 10 oil-producing states rose from N2.04tn in December 2015 to N3.35tn as of June 2022, according to sub-national debt reports of the Debt Management Office. This means that a total of N1.31tn was borrowed within a…

The House of Representatives ad hoc committee on Joint Venture (JV) on Wednesday quizzed the Nigerian Agip Oil Company Ltd over alleged tax evasion. Abubakar Fulata, the chairman of the ad hoc committee investigating the structure and…

The Central Bank of Nigeria says that non-oil exporters repatriated the sum of $4.99 billion into Nigeria in 2022. The Governor of the CBN, Mr Godwin Emefiele, disclosed this while delivering a keynote address at the second edition of…