Report Reveals Nigeria’s 2mbpd Oil Plan May Cause Showdown With OPEC   A recent report by Bloomberg suggests that Nigeria's ambitious plan to boost crude oil production to 2.062 million barrels per day may put it at odds with the Organization of the Petroleum Exporting Countries (OPEC)....

Petrol Price May Rise as Crude Oil Costs Increase - PENGASSAN The National President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) Festus Osifo, has projected that the cost of Premium Motor Spirit (petrol) may rise soon if crude oil continues...

Fuel Prices may Soar as Crude Oil Nears $80/barrel The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global benchmark for crude. Crude oil is a major commodity that determines the prices of refined...

According to a new report by Reuters, Dangote Petroleum Refinery retained 13 per cent of Nigeria’s crude oil exports as domestic supply in 2024.

The Strategy Behind Nigeria's Oil Production Boost - Lokpobiri   Minister of State for Petroleum Resources, Heineken Lokpobiri, has revealed the Federal Government's strategy to attract foreign investors, resulting in a significant boost to Nigeria's oil production. From one million barrels per day in 2023, Lokpobiri stated...

Nigeria Generates N73trn From Oil Export Amid Govt Borrowing   Nigeria’s total crude oil export revenues hit N73 trillion in the 21 months spanning January 2023 to September 2024, data from the National Bureau of Statistics (NBS) for the period has shown. The period also saw a...