Officials from the Dangote Petroleum Refinery and the Federal Government confirmed on Tuesday that the refinery received four crude oil shipments from the Nigerian National Petroleum Company Limited (NNPCL) under the naira-for-crude sale agreement.
Crude Oil Price Falls to $73 Per Barrel
Crude oil prices fell more than 4 percent on Tuesday after a report that Israel was willing to spare Iranian oil targets, easing concerns over supply disruption.
Brent crude oil price fell 4.65 percent to $73.83 a barrel...
Dangote to Commence Crude Oil Production – Report
A report by S&P Global Commodity Insights has said Dangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024, after enduring challenges with regards to crude supply.
The report...
FG Panel Proposes Six-month Crude Supply For Dangote Refinery
The supply of crude oil in naira to the Dangote Petroleum Refinery by the Nigerian National Petroleum Company Limited (NNPCL) is to last for six months in the first instance, pending a further review by the...
Finally, Nigeria Begins Crude Oil Sales in Naira
Nigeria has officially commenced the sales of crude oil and refined petroleum products in naira, the Federal Government has announced.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Saturday said that in line...
One of the most significant challenges confronting President Bola Ahmed Tinubu's administration is the pervasive issue of oil theft, which has led to a drastic decline in crude oil production and a scarcity of premium motor spirit (PMS) supplies. This has, in turn, caused a surge in prices across the country, exacerbating the current economic hardships faced by citizens.
