Nigeria Reclaims First Position as Africa’s Top Crude Oil Producer
Nigeria has reclaimed its position as the top crude oil producer in Africa, according to a recent report by the Organization of Petroleum Exporting Countries (OPEC). OPEC indicated that the…
Nigeria Loses N1.9tn to Crude Oil Theft in July
Crude oil theft in Nigeria resulted in a staggering N1.9tn revenue loss in July alone. The above analysis was made by the National Security Adviser, Nuhu Ribadu, during his visit…
Crude Oil Price Hits $97 Per Barrel
According to a recent assessment conducted on Thursday, September 28 at 5:00 AM (GMT+1), the price of Brent crude oil has surged to $97.24 per barrel, marking its highest point…
NNPC Records 148 Cases Of Crude Oil Theft in 60 Days
The Nigerian National Petroleum Company Limited (NNPCL) has recorded no less than 148 occurrences of crude oil theft between September 2 and 8, 2023. According to the NNPCL, the thefts…
Army Seizes over 3 Million litres of Stolen Crude Oil in Rivers
The Nigerian Army has seized over three million litres of stolen crude oil from an illegal refinery in Rivers State. The seizure was done by men under the leadership of…
Army Uncovers 3 Million Litres of Stolen Crude Oil Stored in Reservoirs in Rivers Forest
The Nigeria Army has uncovered 14 illegal crude oil reservoirs and 49 boilers in a dense forest in Odagwa Etche, Rivers State. The reservoirs contained about 3 million litres of…
Nigerian Air Force Destroy Illegal Oil Mining Sites in Imo
The Nigerian Air Force, NAF have intercepted and destroyed two illegal refining sites situated in Imo State. According to the NAF's Director, for Public Relations and Information, Edward Gabkwet, in…
Fuel Price May Drop Further As Crude Oil Prices Slide
The price of Premium Motor Spirit (petrol) may drop further due to the decline in crude oil prices. Oil prices fell about two per cent to a 12-week low, with…
Panic, As Militant Group Threatens Oil Production In Rivers
A group of militant have revealed plans to stop oil production in the state. This statement comes as a warning an ultimatum to the government, over unpaid salaries and other…
Dangote Refinery Suspends Sale of Petrol in Naira
Dangote refinery stops sales of petroleum products in Naira, reverts to dollars. The refinery says untill NNPCL starts crude oil supply in Naira, petrol sales would remain in Naira. Dangote…