Nigeria's Crude Oil Reserves Now 37.28bn Barrels - NUPRC   The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has declared the country’s official petroleum reserves position, revealing a staggering 37.28 billion barrels of crude oil and condensate, alongside an eye-popping 210.54 trillion cubic feet of natural gas. This...

Nationwide Petrol Price Drop Predicted as Dangote Switches to Naira Sales   Twenty-two days after suspending the sale of petroleum products in naira, the Dangote Refinery has resumed sales of its refined petroleum products to its partners and marketers in the local currency. The 650,000 barrels facility...

Port Agencies, Stakeholders Collaborate to Reduce N2.5trn Losses   The Nigerian Shippers’ Council (NSC) and the Nigerian Ports Authority (NPA) have called for stronger public-private collaboration to tackle chronic inefficiencies at the nation’s ports. This is as Nigeria seeks to unlock the estimated $3.4tn market potential under...

30 States Rush to Mitigate Flood Crisis After FG Alert   Ahead of the rainy season, states have commenced measures to arrest the flooding expected to inundate no fewer than 1,249 communities in 176 local governments across 30 states and the Federal Capital Territory, Abuja. The measures...

Vessel Traffic Increases at Lagos Port Despite Forex Challenges   Despite the fluctuating exchange rate and other operational challenges, vessel activities have recorded a significant surge at Lagos port in the past week. The Nigerian Ports Authority(NPA)'s Daily Shipping Position between March and date showed that since...

NNPC Announces 72% Completion of AKK Pipeline Project   The Nigerian National Petroleum Company Limited (NNPC) has disclosed that the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project is now 72 percent completed. Group Chief Executive Officer of NNPC Ltd, Mr. Bayo Ojulari, disclosed this yesterday at the 2025 edition...