Crude oil
1 day ago
The Economic and Financial Crimes Commission (EFCC), on Monday, charged five defendants before a Federal High Court in Lagos, over an illegal deal in petroleum products.
2 days ago
Nigeria may struggle to find buyers for its crude oil as about 30 out of 53 cargoes loading for May are stranded. This is coming despite the low production currently being experienced in the country as Angola
23 Feb
Crude oil has been good to our nation. Very good, indeed. It is easy to rhapsodise our oil wealth and the little village, Oloibiri, where it all began in 1956.
24 Jan
Nigeria is asking the global community to allow the continent to prioritise responsible crude oil exploration even as the upstream exploration and production activities are projected to remain challenging in 2024.
16 Jan
Nigeria may fail to produce about 138 million barrels of crude oil worth $10.73 billion in 2024 even as President Bola Tinubu sets Nigeria’s N28 trillion 2024 budget on an unrealistic oil and gas outlook that has consistently failed in the last 10 years.
18 Dec
The newly appointed Board and Management team for the Nigerian National Petroleum Company Ltd (NNPCL) on Monday pledged to produce two million barrels of crude oil on a daily basis from 2024.
26 Nov
About 3,000 barrels of crude oil were lost to the Nov. 15 oil spill from the offshore Egina Floating Production Storage and Offloading (FPSO) vessel of TotalEnergies.
22 Nov
The Federal Inland Revenue Service (FIRS) has charged foreign companies shipping crude oil from Nigeria to comply with the country's tax laws in their operations.
2 Nov
• IOCs, independent oil producers worry over commercial, data security • Crude oil edges slightly higher amid Middle East tensions Operators in the oil sector expressed concerns over commercial and contract issues as Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, yesterday, moved to enforce mandatory supply of crude to local refineries. Operators of local…
25 Oct
The Group Managing Director of Rainoil Limited, Dr. Gabriel Ogbechie, has emphasised that increasing Nigeria's crude oil production is a solution to the current economic challenges facing the country. He made these remarks on Tuesday while speaking during a roundtable session at the 29th Edition of the National Economic Summit at the Transcorp Hilton, Abuja.…
4 Aug 2023
Delta State Command of the Security and Civil Defence Corps (NSCDC), yesterday, paraded four suspects for smuggling Automotive Gas Oil (AGO) in nylon sachets, jerry cans, and other exhibits in the last two weeks.
21 Jul 2023
The other day, security Agencies in Nigeria reportedly ordered the destruction of a ship laden with stolen crude oil and news credited to the Nigerian National Petroleum Company (NNPC) have it that an average of 437, 000 barrels of crude oil is stolen in Nigeria daily...
Latest
32 mins ago
The Kaduna State House of Assembly, on Tuesday, set up a 13-man adhoc committee to investigate financial transactions, loans, grants, and project execution under the immediate-past Governor of the State, Malam Nasir El-Rufai. Specifically, Yusuf Mugu, a member representing Kaura constituency, moved the motion on a matter of public importance that the loans borrowed by…
45 mins ago
Gunmen on Tuesday invaded the Secretariat of Ilejemeje local government area in Ẹda-Oniyọ, Ekiti State, vandalized the council buildings and injured one person. The hoodlums who were heavily armed with dangerous weapons like guns, charms, and cutlasses invaded the Secretariat at about 10:am. An eyewitness who did not want his name mentioned told newsmen that…
1 hour ago
The ruling All Progressives Congress (APC) is unhappy with the Governor Abba Yusuf led New Nigeria Peoples Party (NNPP) administration of Kano state for allegedly masterminding what it termed as "the political persecution" of its National Chairman, Dr Abdullahi Umar Ganduje. APC, in a statement by its national publicity secretary, Mr Felix Morka, described the…
1 hour ago
Members of the Peoples Democratic Party (PDP) caucus in the House of Representatives have issued President Bola Tinubu a three three-month ultimatum to resolve the worsening insecurity across the country or face mass from Nigerians. The minority lawmakers said they remained united, indivisible, and committed to acting as a watchdog on behalf of the Nigerian…
1 hour ago
The Federal Government has announced it has kicked off the disbursement of the N50,000 Presidential Conditional Grant Scheme to nano businesses nationwide. Minister of Industry, Trade and Investment, Doris Uzoka-Anite, dislcosed this in a statement on Tuesday. According to the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Nano businesses are enterprises that have…
1 hour ago
Former campaign spokesman President Bola Tinubu in southeast and current Chairman of Forum of Former Members of Enugu State House of Assembly (FOF-MENHA), Dr. Josef Onoh has through his weight behind the Minister of State for Defence, Alhaji Bello Matawalle, in urging the president’s appointees from the northern extraction to stand up in Defence of…
2 hours ago
Some suspected hoodlums from Obbo-Aiyegunle in Kwara State on Tuesday attacked Ilejemeje Local Government Secretariat and some residents of the town over a land dispute. The News Agency of Nigeria (NAN) reports that the alleged hoodlums were heavily armed and fired gunshot to scare residents. The local government secretariat windows and doors were vandalised as…
3 hours ago
A Muslim pupil lost a UK court challenge Tuesday against a top London school's ban on prayer rituals, in a case about freedom of religion in schools that captured national attention. The student, who cannot be named, took legal action against Michaela Community School in northwest London, claiming the policy was discriminatory and "uniquely" affected…
4 hours ago
Hajia Asma’u Malami, the wife of late Nigerian Ambassador to South Africa, Alhaji Shehu Malami, has dragged her stepson and stepdaughter to Court over her husband’s will. Other plaintiffs are Mustapha, Sadiq, Amina, Zainab and A’isha, children of the late Malami and Asma’u The respondents are also deceased children, Aminu and Hafsat. At the resumed…
4 hours ago
On Tuesday, the People's Democratic Party (PDP) faced a fresh crisis during the House of Representatives' caucus meeting. Allegedly, lawmakers aligned with the party's acting Chairman, Umar Damagun, and FCT Minister Nyesom Wike attempted to express confidence in Damagun, but their efforts were unsuccessful. The failed plot was as a result of resistance from a…