FG Rakes in N2.56trn From Crude Oil Products
The Nigerian National Petroleum Company (NNPC) Limited on Wednesday announced that it earned N2.56tn revenue from the sale of white ...
Tag: Crude oil
Nigeria Drops Rank as Libya Becomes Africa’s Biggest Oil Producer
Nigeria has lost its Africa’s top oil producer status to Libya as its crude oil production fell further last month ...
Oil Price Rebounds To $68 Per Barrel After 7-day Loss
The international oil benchmark, Brent crude, jumped on Monday, snapping a seven-day losing streak that was crude’s worst since 2019, ...
Covid-19: FG Says Pandemic Helped To Curb Cost of Oil Production
The Minister of State for Petroleum Resources, Chief Timipre Sylva, says COVID-19 had helped to reduce the cost of crude ...
Naira Appreciates at I&E Window as Crude Oil Prices Reach 3-yr High
The exchange rate between the naira the US dollar closed at N411.13/$1 at the Investors and Exporters window, where forex ...
PIB Permits Dangote Refinery, Others to Purchase Crude Oil in Naira
Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum ...
FG Discovers 5,300 Moribund Oil Reserves
The Federal Government on Monday disclosed that out of 7,000 oil reserves that have been discovered in the country, only ...
NNPC Pledges 20000Bpd Crude Supply to Lagos
The Nigerian National Petroleum Corporation has committed to supply crude oil to a refinery project on Tomaro Island in Lagos, ...
Nigeria’s Revenue at Risk as India Slows Crude Oil Imports by $39.5bn
Nigeria’s revenue earning capacity has come under threat following the reduction of importation of crude oil by India. India, Nigeria’s ...
Nigeria’s Crude Oil Production Slips By 10.25% in 2020
Nigeria’s total crude oil and condensate production from January to October 2020 fell by 10.25 percent when compared to similar ...
