Nigeria’s Crude Oil Production Crashes To 900,000 Per Day
Nigeria’s crude oil revenue has continued to slump as the Organization of the Petroleum Exporting Countries (OPEC) newly released Monthly Oil Market Report for September revealed that the country’s crude oil output fell to 900, 000...
Crude Oil Sales Push Nigeria’s Foreign Trade To N25.84tn
Data released by the Nigerian Bureau of Statistics has shown that Nigeria’s foreign trade has increased by 47.07 per cent year-on-year to N25.84tn in the first half of 2022 due to increased crude oil sales.
According to...
Oil Earnings Decline By 29% To N790bn – CBN
Crude oil revenue crashed by 29 per cent in the first quarter of 2022, according to statistics from the Central Bank of Nigeria.
The CBN, in its latest economic and statistical report for the first quarter of...
Dangote Refinery'll Gets 300,000 Barrels Per Day From NNPC
The Nigeria National Petroleum Corporation Limited (NNPCL) will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years.
The Group Chief Executive...
Oil Firms Degrade Environment, Spill N711bn Worth Of Crude Oil
Environmental right activists have raised the alarm over the continuous environment degradation as estimation puts total value of oil spilled by operators in the Niger Delta at N711bn.
Data obtained from the Nigerian Oil Spill Monitor,...
OPEC+ Set To Meet Today As Oil Prices Recover
Oil prices recovered after a turbulent session as traders counted down to the Organisation of Petroleum Exporting Countries and allies (OPEC+) meeting which is set to hold today over September supply.
West Texas Intermediate futures climbed more...
