Crude Oil Theft Plunges to Lowest Level in Over a Decade   Nigeria has achieved a significant breakthrough in curbing crude oil theft and losses, with figures from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) showing a 50.2 per cent reduction in losses during the first...

FG Says Fuel Subsidy, Oil Theft Gulped N29trn   The Federal Government, disclosed that the amount spent on subsidising Premium Motor Spirit, popularly called petrol, between 2005 and 2021 was N13tn, adding that the country lost N16.3tn to oil theft from 2009 to 2020. It disclosed this...

About N995bn Lost Yeary To Crude Oil Theft   further accretion through oil exports was weak given that oil price at US$62.3/bbl had moderated 16.6 per cent from its year-to-date high of US$74.7/ bbl. as at mid-May 2019. In the same vein, the CBN spot rate traded...