Nigeria’s Crude Supply to Refineries Falls 6.3% in September
Nigeria’s crude oil supply to domestic refineries fell by 6.3 per cent in September 2026, dropping to 15.97 million barrels from 17.05 million barrels in August. The decline came as…
NNPC Remits N7.91tn to Federal Government in Seven Months
The Nigerian National Petroleum Company (NNPC) Limited remitted about N7.91 trillion in statutory payments to the Federal Government between January and July 2026. The figure appeared in the company’s July…
Crude oil dominates Lagos ports as imports hit 2.39 million tonnes in August
Crude oil dominated cargo traffic through Lagos ports in August, with reported imports reaching 2,392,454 metric tonnes during the month. The figures show that crude oil remained the leading commodity…
Global oil prices plunge as Iran-US tensions hit Strait of Hormuz
Global oil prices fell on Monday as renewed tensions between Iran and the United States raised fresh concerns about energy supplies from the Middle East. Brent crude fell by 1.84%…
Army Seizes Stolen Oil Worth Over 250 Million Naira
By Babatunji Wusu – Soldiers from the 6 Division Nigerian Army have achieved great success in their latest fight against criminals. Working with other security groups, they have increased their…
OBI TO THE PEOPLE OF BAUCHI: YOUR CRUDE OIL IS NOT FOR SHARING
Peter Obi, the Labour Party’s (LP) presidential candidate, has stated that, if elected, his administration will make sure that the crude oil found in Bauchi State is used wisely. The…
World Bank: Nigeria’s Per Capital Income May Hit 40-Year Low
Stephen Godonu- The World Bank has said Nigeria’s per capital income could fall to its lowest level in 40 years this year. The Country Director for Nigeria, Mr Shubham Chaudhuri,…
1bn Barrel Of Crude Oil Discovered In Northeast – Sylva
The Minister of State for Petroleum Resources, Timipre Slyva, said that about one billion Barrels of Crude oil have been discovered in Northeastern part of Nigeria. Sylva made the disclosure…
