Energy
OPEC: Angola, Libya lead Nigeria in oil production
Angola and Libya have for the second consecutive month maintained their lead over Nigeria as Africa’s highest crude oil producers,...
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Oil prices inch lower as dollar firms, China COVID worries dent demand
Oil prices slid on Tuesday, extending losses of nearly 2% in the previous session, as a stronger U.S. dollar and...
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Petrol price rise warning after Opec oil output cut
Some of the world's top oil-producing countries have agreed to cut the amount they export in a decision expected to...
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Nigeria’s crude oil revenue jumps to N11tn
Nigeria’s crude oil revenue jumped to N11tn in the first six months of 2022, according to the latest data from...
Read moreOil price dips as dollar strengthens, demand weakens
Oil prices retreated slightly on Thursday after gaining more than $3 in the prior session, with a strong dollar capping...
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Ardova Group declares 10.71% revenue growth for the fiscal year 2021 at the 43rd Annual General Meeting
Ardova Plc held its 43rd Annual General Meeting (AGM) at the Southern Sun Hotel, Ikoyi on 27 September 2022. In...
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NNPCL Spent 94.7% of August Oil, Gas Revenue on Petrol Subsidy
The Nigerian National Petroleum Company Limited (NNPCL) spent 94.77 per cent of its revenue on petrol subsidy payment in August,...
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95.4m litres crude oil stolen daily, says govt
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday said 95.4million litres or 600,000 barrels of crude oil were stolen daily....
Read moreFG secures pipelines with N12.43bn, pays IOCs $4bn
The Federal Government has so far paid $4.04bn to five international oil companies as cash call arrears repayment and has...
Read moreNigeria’s oil production crashes to 900,000b/d
Nigeria’s crude oil revenue has continued to slump as the Organization of the Petroleum Exporting Countries newly released Monthly Oil...
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