Tag: Crude Oil

Nigeria headed for Fourth Quarter recession this year-FG

The Federal Government on Friday declared that Nigeria is heading towards another

Oil Prices Advance On Growing Fuel Demand, Even As U.S. Coronavirus Cases Jump

Oil prices rose on Friday, extending gains on optimism about a recovery

Defence HQ- Military Is Intensifying Efforts To Curb Economic Sabotage In South-South

The Defence Headquarters says the military is intensifying efforts toward curbing crude

How OPEC restored Stability to Global Oil Market – Barkindo

The Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC), Dr Mohammad

Oil Prices Fall On Doubts Over Output Cuts, Surging U.S. Diesel Inventories

Oil prices dropped on Thursday, reversing gains in the previous session, on

We Followed Federal Character Principle in Appointment of Northerners – NNPC

  The Nigerian National Petroleum Corporation (NNPC) has defended its decision to

EFCC Probes Oil Smugglers in Rivers

  The Economic and Financial Crimes Commission (EFCC) has launched an investigation

Forex Repatriation: Emefiele Assures Investors In Spite Dwindling Oil Prices

Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, has assured investors

Nigeria Needs to Increase Local Refining Capacity, Says IPMAN

 The Independent Petroleum Marketers Association of Nigeria (IPMAN) says Nigeria needs to

Nigeria Records Crude Oil, Gas Sale of $434m in January. – NNPC

  The Nigerian National Petroleum Corporation( NNPC) says the country recorded crude

Oil Glut: Global Crude Oil Prices Plunge Below $2 Per Barrel

A full oil glut has fit the international Crude Oil market as

Oil Glut: 60 Nigerian Crude Oil Cargo Remain Unsold

In what seems like a repeat of the 1970's, an oil Glut

Buhari’s Government is Facing Serious Challenges – Osinbajo

Vice President Yemi Osinbajo has admitted that the Federal Government is facing

Filling Stations in Jos Yet to Adjust to New Pump Price

Most filling stations in Jos and environs are yet to adjust to

U.S. to buy initial 30m barrels of oil for emergency stockpile

The U.S. Department of Energy said on Thursday it would buy up

Pipeline Vandalism: Abia NSCDC Impounds 2 Trucks Allegedly Laden with Crude

The Commandant of the Nigeria Security and Civil Defence Corps (NSCDC) in

1bn barrel of Crude oil Discovered in Northeast – Sylva

The Minister of State for Petroleum Resources, Chief Timipre Slyva, said that

Libya Closes Refinery as Oil Blockade Leads to $1bn in Losses

Libya’s National Oil Corporation (NOC) on Monday said a refinery in western

Oil Revenue worth $42bn Stolen From Nigeria Within 10 years

The Nigeria Extractive Industries Initiative ( NEITI) has said that a total

Crude Oil: NNPC discovers Hydrocarbon Deposits in the North East

President Muhammodu Buhari flagged off the drilling of Kolmani River II Well was

Nigeria loses 22 million barrels of crude oil in six months – Obaseki

Edo Governor,  Godwin Obaseki said the nation lost about 22 million barrels

Police apprehend 6 suspected crude oil thieves in Delta

The Inspector-General (IGP)’s Special Task Force on Pipeline Vandalism attached to Pipeline

Nigeria earns N85 trillion from exporting crude oil in five years – OPEC

The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria earned

2nd term: Encourage local refining of crude oil, create millions of jobs – IPMAN president urges Buhari

The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) has urged the Federal

Oil set for worst week in 6 months as crude stockpiles surge

Oil prices dropped on Thursday, extending falls from the previous session amid

Our refinery will produce 65.4 million litres of petrol, kerosine, others daily – Dangote

Dangote Industries Limited has revealed that its crude oil refinery is expected

FG collaborates with EFCC to track crude oil exported from Nigeria

The Minister of State for Petroleum Resources, Ibe Kachikwu, has revealed that

Oil prices slip as U.S. crude output nears 12 million bpd

Oil prices fell on Thursday as U.S. crude production neared an unprecedented

Nigeria Loses Buyers for Its Crude Oil on the International Market – DPR

Nigeria’s Department of Petroleum Resources (DPR) has revealed that there may be

NNPC pays N128bn into federation account in August

The Nigerians National Petroleum Corporation (NNPC) says it has transferred the sum