crude
7 Nov
The Nigerian Navy’s Forward Operating Base (FOB) in Ibaka has apprehended three individuals suspected of crude oil theft in Akwa Ibom State. The Commanding Officer of the Base, Captain Uche Aneke, disclosed this while handing over the suspects and seized items to the Economic and Financial Crime Commission (EFCC), Akwa Ibom Command on Thursday at…
29 Oct
President Bola Tinubu on Tuesday commended the implementation committee on the naira-based sales of crude oil and refined products, asking the members to resolve any teething problems. In a review meeting at the State House, Abuja, President Tinubu said that using the Naira was conceived to remove the exchange rate hurdle. “Whatever solution we proffer…
14 Sep
Modular refineries are finding it difficult to operate at optimal capacity dues to short fall in crude oil supply, the Crude Oil Refiners Association of Nigeria (CORAN), has said.
28 Aug
Franco Nigerian Chamber of Commerce and Industry (FNCCI) has said the issues around oil theft and other circumstances surrounding oil production need to be addressed, if the country must meet her energy needs at a sustainable cost.
19 Aug
The Federal Government has announced that the sale of crude oil to Dangote Refinery and other local refineries will start on October 1, 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made the announcement during a meeting with the implementation committee on Monday in Abuja. At the meeting, key…
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