Nigeria’s Oil Production Falls 13.6% to 1.08mbpd in H1 Nigeria’s oil production in the month of July 2023 fell by 13.6 percent to an average of 1.08 million barrels per day compared to 1.25mbpd recorded in June, latest production data from the Nigerian Upstream Petroleum...

Naira Slump: Marketers Project Fuel Price Hike this Month Oil marketers have warned on the possibility of another hike in petrol price this month due to fall of the naira against the United States dollar, coupled with the recent rise in global crude oil prices. Although...

Reps Probe, Direct NNPC Limited to Suspend OVH Acquisition The House of Representatives has asked the Nigerian National Petroleum Company Limited (NNPCL) to suspend the acquisition of OVH Energy Marketing, the company behind the Oando Retail brand in West African countries. This call was a sequel...

Tinubu Should Sell 15% Of NNPC Shares To Settle debt, Says Sanusi   A former Governor of the Central Bank of Nigeria, Muhammad Sanusi II, said the mounting debt profile of the country is no longer sustainable in the face of current harsh economic realities created...

Naira Devaluation, Others Hiked Fuel Price - Marketers Oil Marketers on Wednesday blamed the recent price increase in Premium Motor Spirit, commonly known as petrol to the naira devaluation and the current rise in crude oil prices. The Chairman of the Major Oil Marketers Association of...

Fuel Hike: Masses are Suffering, We'll Down Tools, NLC warns FG Nigeria Labour Congress (NLC) has warned that it may be forced to withdraw from the dialogue with the federal government over the hardship its removal of fuel subsidy has visited on Nigerians. This followed yesterday’s...