In Four Years, Nigeria Loses 2.5trn Oil Barrels       Nigeria has lost 4.5 trillion barrels of oil to theft in the last four years, according to data from the Nigeria Natural Resource Charter (NNRC). Another data from the National Oil Spill Detection and Response Agency (NOSDRA) showed...

Nigeria’s Oil & Gas Earnings Climb To N24trn In 5yrs       Despite the huge global crash in prices, Nigeria’s earnings from oil and gas in the first half of 2020, is N2.41 trillion just 8.7 per cent below the N2.63 trillion recorded in the corresponding period...

Nigeria Unlikely To Become Net Petrol Exporter In 2020 - Report   A new report – the Benchmarking Exercise Report (BER) 2019 – by the Nigerian Natural Resource Charter (NNRC) has said it is unlikely that Nigeria will become a net exporter of petrol this year...

Nigeria Lost N4.57trn To Crude Theft In Four Years     Nigeria lost a total N4.57tn to crude oil theft between 2015 and 2018, according to estimates of the Nigeria Natural Resource Charter. This figure, according to the charter, meant that the country lost 43 per cent of...

Nigeria Loses $12bn Annually To Oil Theft, Stakeholders Seek FG Action Nigeria loses between $7 billion and $12 billion to crude oil theft annually, a study by the Nigeria Natural Resource Charter (NNRC) has found, prompting reactions from stakeholders on the implications for the country’s...

‘Why It’s Difficult For NNPC To Raise Private Capital’   The Nigerian National Petroleum Corporation (NNPC) is finding it difficult to access funds from private investors to undertake most of its oil and gas operations because it is unable to show that it is transparent, efficient...