Nigeria Opens 40 Oil Blocks as Upstream Investments Hit $47.6bn
The Federal Government has launched the 2026 oil licensing round across onshore, shallow-water and deepwater terrains as crude and condensate ...
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Tag: #NigeriaOil
Nigeria Faces Crude Supply Crunch as Refinery Demand Nears 1.5mbpd
Independent producers warn that Nigeria's growing refining capacity could consume almost all current crude output, leaving little room for exports ...
Read moreNigeria Produces 307m Barrels of Crude, Condensate in Six Months as Output Recovers
NUPRC data show combined crude oil and condensate production averaged about 1.67 million barrels per day between March and August, ...
Read moreNigeria’s Seaborne Fuel Exports Surge Seven-Fold as Dangote Refinery Boosts Supply
Nigeria’s seaborne petroleum product exports have increased seven-fold since 2023, driven largely by rising output from the Dangote Petroleum Refinery, ...
Read moreTinubu’s Deep Offshore Tax Incentive Could Unlock $50bn Investment, Add 1m bpd, NUPRC Says
President Bola Tinubu’s new tax incentive for deep offshore oil and gas projects could unlock about $50 billion in investments ...
Read moreNigeria Exceeds OPEC Quota for Third Month Despite July Oil Output Drop
Nigeria exceeded its Organisation of the Petroleum Exporting Countries (OPEC) crude oil production quota for the third consecutive month in ...
Read moreDangote Refinery Remains Europe’s Largest Jet Fuel Supplier for Second Consecutive Month
Dangote Petroleum Refinery & Petrochemicals remained Europe’s largest supplier of imported jet fuel for the second consecutive month in July, ...
Read moreOPEC+ Approves September Oil Output Increase of 188,000 bpd
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has approved a 188,000 barrels per day (bpd) increase ...
Read moreReps Move to Bridge Gap Between Fuel Importers, Local Refiners
The House of Representatives Committee on Petroleum Resources (Downstream) has launched a fresh initiative to reconcile differences between petroleum importers ...
Read moreNigeria Imports Libyan Crude for First Time as Dangote Refinery Expands Feedstock Sources
Nigeria has imported crude oil from Libya for the first time on record, as the Dangote Petroleum Refinery continues to ...
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Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.