Oil
Nigeria Records Lowest Crude Losses in 16 Years at 9,600 bpd – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that crude oil losses in the nation’s upstream sector fell to...
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Nigeria Now Exporting Fabrication Services to Middle East, Africa — NCDMB
The Nigerian Content Development and Monitoring Board (NCDMB) has disclosed that Nigeria is now exporting fabrication services to the Middle...
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Nigeria’s 3.5bn Barrels of Undeveloped Oil Valued at N341tn – NUPRC
Over 3.5 billion barrels of oil and condensate reserves are currently locked in undeveloped fields across Nigeria’s basins, according to...
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Nigeria’s Oil Output Rises to 1.546m bpd in July, Retains Africa’s Top Producer Spot — OPEC
Nigeria’s crude oil production rose to 1.546 million barrels per day (bpd) in July 2025, up from 1.505 million bpd...
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Dangote Refinery Deploys 4,000 CNG Trucks for Fuel Distribution
Dangote Petroleum Refinery & Petrochemicals has commenced the receipt of 4,000 compressed natural gas (CNG)-powered trucks for its fuel distribution...
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Oil Prices Steady After Spike Amid Trump’s Russia Ultimatum
Oil prices paused in Asian trade on Wednesday following a sharp rally of over 3% in the previous session, as...
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Nigeria Surpasses OPEC Oil Quota Again in June with 1.5m Barrels Daily Output
Nigeria has exceeded its OPEC crude oil production quota of 1.5 million barrels per day (bpd) for the second time...
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Nigeria Seeks 25% OPEC Quota Increase, Targets 2 Million bpd by 2027
The Nigerian National Petroleum Company Limited (NNPC) says it plans to approach the Organisation of the Petroleum Exporting Countries (OPEC)...
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Nigeria’s Crude Producers Invest $8bn in Rig Infrastructure to Boost Output
Crude oil producers operating in Nigeria have invested $8 billion in rig infrastructure over the past three years as part...
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Petrol Imports Hit Record Low as Dangote Refinery Boosts Local Output
Nigeria’s import of Premium Motor Spirit (PMS), commonly known as petrol, dropped to a record low in June, largely due...
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