The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has officially declared the country’s petroleum reserves as of January 1, 2025, revealing a substantial 37.28 billion barrels of crude oil and condensate, ...
Recent developments in Nigeria's petroleum sector have sparked discussions about the potential for petrol prices to drop below ₦400 per litre. This optimism is primarily driven by the significant decline ...
Nigeria's export landscape in the fourth quarter of 2024 remained heavily dominated by crude oil, alongside a growing presence of agricultural products. Crude oil led the export sector, with a ...
Oil-producing countries in Africa have significantly increased their share of newly discovered crude oil reserves, now accounting for 35% of global finds in 2024. This marks a major leap from ...
Following oil companies' inability to meet the demand for crude oil by local refineries, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it will no longer issue export permits ...
In the midst of an ongoing crisis, Dangote Refinery has disclosed that it is planning to import crude oil from Brazil and America since the Nigeria National Petroleum Company Limited, ...
Nigerian crude oil prices surged in the latest trading session amidst speculation of a potential direct attack on Iran by Israel over the weekend, escalating tensions in the Middle East. ...
Early Asian trading witnessed a surge in oil prices as optimism waned concerning potential ceasefire negotiations between Israel and Hamas, amplifying tensions in the Middle East. Brent crude futures ascended ...
In London trade on Monday, Nigerian oil margins per barrel saw a slight uptick, continuing the upward trajectory initiated last week. Prices surged by nearly 4% amidst concerns over supply ...
Nigerian Army forces, under the leadership of Brigadier General Eddie Effiong, have recently made significant strides in combating the rampant issue of crude oil theft plaguing the region, particularly in ...
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