Lokpobiri Reassures Commitment to OPEC Despite Rising Oil Output The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains in crude oil output. Lokpobiri said...

NNPC, Marketers Reduce Petrol Prices After Dangote’s Price Cut   The Nigerian National Petroleum Company Limited (NNPC) and other marketers have reduced the pump prices of Premium Motor Spirit (petrol) following Dangote Petroleum Refinery’s cut in ex-depot prices. From as high as N950 per litre on Tuesday,...

Fix PHarcourt Refinery or Resign, Marketers Warn Ojulari Oil marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria (IPMAN) have asked the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, to either fix the Port...

Again, Nigeria’s Crude Exceeds OPEC's Target, Hits 1.5mbpd in July Nigeria’s average daily crude oil production rose to 1.507 million barrels per day (bpd) in July 2025. According to the Organization of the Petroleum Exporting Countries’ (OPEC) latest Monthly Oil Market Report. This means that the country...

The Federal Government, through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), raked in N5.21tn from the sale of crude oil.

The pump price of petrol has surged again to N955 per litre in parts of the country, including the Federal Capital Territory (FCT).