Aliko Dangote, a Nigerian billionaire and business magnate, stated that the “biggest risk” of his life has been his $23…
Browsing: crude oil
The federal government’s lofty target of producing 2 million barrels of crude oil per day (bpd) by the end of…
The Dangote Oil Refinery is expected to handle up to 400,000 barrels of crude per day (bpd) during the next…
The Dangote Refinery in Lagos is in talks with Libya about importing crude oil for its 650,000 barrel-per-day plant as…
Petrol shipments from Nigeria have dropped by 25% to their lowest point in three years, following a comparable decline in…
Nigeria produced 1.25 million barrels of crude oil per day on average in May 2024, down from 1.28 million barrels…
A Special Intelligence Squad, SIS, of the Commandant General of the Nigeria Security and Civil Defense Corps, NSCDC, Dr Ahmed…
Following a string of incidents over the weekend, increased geopolitical dangers in Russia and the Middle East came into stark…
Oil prices rose in early Asian trading as optimism waned about the possibility of ceasefire discussions between Israel and Hamas…
Nigeria’s daily production of crude oil decreased by 104,000 barrels to 1.32 million barrels in February from 1.42 million barrels…
The Anambra State House of Assembly has stressed the need to urgently tackle the negative effect of crude oil exploration and theft in…
The African Energy Chamber (AEC) predicts a sharp decline in the output of crude oil on the continent in 2024,…
We knew crude oil before we knew ourselves as citizens of one country. That is the tragedy of Nigeria. The…
Crude Oil Price Rises A weaker US currency and an increase in refinery operations in China, the world’s largest crude…
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “set up a presidential panel of enquiry to…
According to Sunday Adebayo Babalola, a retired deputy director from the now-defunct Department of Petroleum Resources, Nigeria can exceed its…
Nigeria loses $600 million annually due to under-reporting and unpaid penalties for gas flared and vented, according…
The Organization of Petroleum Exporting Countries and its allies, or OPEC+, decided yesterday to reduce their goal for crude production…
A political risk consultancy, Menas Associates, says the size of this year’s deficit in Nigeria under the watch of President…
Except for peripheral reason(s), it will not in any way be characterized as an overstatement to describe Senator (Dr) Ifeanyi…
Before the exit of former President Jonathan, the price of crude oil, Nigeria’s economic pillar was USD36 per barrel and…
Cashew, botanically known as ANACARDIUM OCCIDENTALE, was introduced to Nigeria by Portuguese explorers but quickly became popular in 1950s when…
As the spread of COVID-19 continues across Nigerian states, and preventive lockdown measure heightens, the dreadful challenge again presents a…
Nigeria is an impoverished country. In fact, the country has never been rich – in the economic sense of the…
As coronavirus pandemic continues to spread its wing across the globe and oppressing global market, price of oil plunged to…
A leading data and analytics company, GlobalData, says Asia and the Middle East are expected to collectively contribute about 30%…
Nigeria’s economic growth rose to an annual rate of 2.28% in the three months to the end of September after…
The discovery of hydrocarbon deposist (crude oil) in the kolmani river 11 well on the upper Benue, through gongola basin,…
The Nigerian government and international oil companies are trying to find a common ground on a dispute over oil revenues.…
