Nigeria’s crude oil reserves are expected to last for another 64 years, while its gas reserves could sustain the country for 93 years, according to new…
Browsing: Crude oil
The Nigerian government stated that by lowering transaction costs and foreign exchange risks, the commencement of the sale of crude oil in Naira was a calculated…
According to the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), oil producers are allegedly stealing 500,000 barrels of crude oil that are intended for…
Nigeria’s crude oil revenue surged to approximately ₦50.88 trillion in 2024, according to data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC). The report revealed that…
Nigeria’s crude oil earnings reached approximately N50.88 trillion in 2024. Nigeria produced 408,680,457 barrels of crude oil in 2024, according to data from the Nigerian Upstream…
The Nigerian Navy is set to launch the second phase of Operation Delta Sanity (OPDS II) in 2024, as part of Nigeria’s intensified efforts to combat…
The Speaker of Nigeria’s House of Representatives, Mr. Tajudeen Abbas, has warned that Nigeria’s over-reliance on crude oil will only worsen poverty, inequality, and unemployment. In…
President Bola Ahmed Tinubu hosted a meeting with the committee on implementing crude oil and refined products sales in naira at Aso Rock. The session included…
The Dangote Group, owner of West Africa’s largest refinery, is preparing to start crude oil production from two Nigerian oil assets in early 2025, according to…
Aliko Dangote, President of the Dangote Group, has underscored the urgent need for Nigeria to stop mortgaging crude oil. Speaking at a summit organised by the…