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US Now Net Exporter of Crude to Nigeria – Report

US Now Net Exporter of Crude to Nigeria - Report The United States became a net exporter of crude oil to Nigeria in February and March, as crude demand on the United States East Coast slowed due to refinery maintenance. The US Energy Information Administration said...

NNPC Oil Revenue Declines by 23.9%

The Nigerian National Petroleum Company (NNPC) Limited has reported a sharp decline in oil revenues in June, falling to the lowest point in three months as global crude prices remain unstable.

Public Debt may Hit N160.6trn by December, Report Suggests

Nigeria’s total public debt could rise to N160.6 trillion by the end of 2025, raising new concerns about the country’s deepening fiscal vulnerabilities.

Nigeria’s Crude Output Surpasses OPEC Quota in June – NNPCL 

Nigeria’s Crude Output Surpasses OPEC Quota in June - NNPCL  Nigeria’s average daily crude oil production in June 2025 exceeded the limit set by the Organisation of the Petroleum Exporting Countries (OPEC), marking a significant boost in the nation’s oil output For the second time in...

Oil Marketers Back Potential Privatisation of Refineries

Oil marketers and industry stakeholders have thrown their weight behind the proposed sale of Nigeria’s refineries under the management of the Nigerian National Petroleum Company Limited.

NNPC Mulls Refineries Sale Amid Rehabilitation Challenges – Bayo Ojulari

The group chief executive officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, Bayo Ojulari, says it is becoming a ‘bit more’ complicated to revamp state-owned refineries.