Crude-oil

The Organisation of Petroleum Exporting Countries (OPEC) reveal that Nigeria’s crude oil production increased slightly to 1.38 million barrels per day (bpd) in March. This was announced in its monthly oil market report for…

The National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Garima, has appealed to the Federal Government to lower the cost of crude oil supplied to the Dangote Petroleum Refinery in a bid to curb…

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has asked the federal government to ensure a steady crude oil supply to local refineries to reduce the impact of global disruptions on Nigeria’s petroleum market.…

Crude oil price is discovered to have moved up to $79 a barrel on Monday, the highest in more than a year, far above Nigeria’s budget benchmark. Brent crude, the global oil benchmark, rose over 9 percent to $79 a barrel for the…

Dangote Refinery has currently suspended the sales of petrol in Naira. This was contained in an email sent to its customers on Friday, the refinery announced that the decision would take effect on September 28, attributing it to the…

The NNPC has allocated six cargoes of crude oil, amounting to approximately six million barrels, for delivery to the Dangote Petroleum Refinery in June 2025. As the refinery gets ready to receive an unprecedented nine million…

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…