In the bid to resolve the issues surrounding crude oil supply shortages to domestic refineries, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), are poised...
The Nigerian government is shifting focus from exporting crude oil to transform into a major hub for refined petroleum products in Africa. The Chief Executive of...
As crude oil futures fell in response to the US President Donald Trump’s decision to suspend another planned military strike on Iran, he has insisted that...
The world is witnessing a sharp drop in crude oil prices, which raises the issue of how the domestic market would react to the global trend....
Saudi Arabia, Russia and five other key members of OPEC+ agreed in an online meeting Sunday to boost oil production by 188,000 barrels a day from...
At full capacity the Dangote Petroleum Refinery & Petrochemicals (DPRP) would be utilising up to 2.5 percent of globally traded crude oil. President and Chief Executive...
Former Vice President of Nigeria and presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has criticised the Bola Tinubu administration over what he described...
Nigeria’s struggling revenue profile is set for a rise as Brent crude yesterday, rose above $100 a barrel for the first time in nearly two months,...
Fuel marketers have resumed loading petrol and diesel from private depots after an almost one-week disruption triggered by recent price adjustments in the downstream petroleum sector....
Nigeria produced an estimated 295.18 million barrels of crude oil and condensate valued at about $28.08bn (approximately N41.74tn) in the first six months of 2026, reflecting...
