Nigeria crude production hits 1.476mbp/d, highest in 3 years
Nigeria’s oil production is steadily rising, hitting 1.476 million barrels per day (bpd) in February, the highest in more than three years, OPEC data showed, as the military and private…
FG must avoid importing crude oil for its refineries, Wabote warns
Mr Simbi Wabote, the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), has warned against Nigeria’s potential reliance on imported crude oil for its existing and upcoming…
We have met crude supply obligations to domestic refineries – NUPRC
Contrary to insinuations from some operators in the refinery business in Nigeria that the continued failure to supply local refineries with crude oil is capable of destroying members’ investment…
149m barrels of crude oil missing under Buhari govt; SERAP demands probe
The Socio-Economic Rights and Accountability Project (SERAP) wants President Muhammadu Buhari to “set up a presidential panel of enquiry to promptly probe the grim allegations that over 149 million barrels…
Russia-Ukraine: Crude Price Surges; FG to Up Production, says Minister
February 25, 2022 The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the Federal Government is deepening effort to spur oil production in order to take advantage of…
Nigeria crude oil production averaged 1.451 mb/d in September – OPEC
October 13, 2021 The Organisation of  Petroleum Exporting Countries ( OPEC) says Nigeria’s crude oil production averaged 1.451 million barrels per day in September 2021. OPEC made this known in…
How Shell stole 2m barrels of crude oil; angry DPR demands refund
The Department of Petroleum Resources (DPR) has demonstrated an act of patriotism by compelling Shell Petroleum Development Company, SPDC, to refund 2,081,678 barrels of crude oil said to have been…
Analysis: Pandemic, crude oil price dip put Nigeria at ‘Critical Juncture’
More than 200 million Nigerians will slide further into poverty as the coronavirus pandemic has sent oil prices tumbling and pushed Africa’s largest economy into recession. To many in oil-rich…
Naira, others to stay down against US dollar in next 3 months: says poll
Nigeria’s naira and other emerging market currencies will struggle over the next three months against the stronger dollar as tensions between the United States and China over the coronavirus pandemic…
Oil is our misfortune, tourism is the cure, says Ooni
The Ooni of Ife, Oba Enitan Ogunwusi, has said that the greatest misfortune that has ever befallen Nigeria as a nation was the discovery of oil and gas. Ogunwusi said…