Nigeria Loses N891bn To Gas Flaring In 18 Months   Nigeria lost N891bn to gas flaring in 18 months, according to data from the Nigerian Oil Spill Monitor, an arm of the Nigerian Oil Spill Detection and Response Agency (NOSDRA) released on Sunday. The data revealed that...

Nigeria's ECA Shrinks From $35m To $376,655   The Federal Government has drawn down the Excess Crude Account (ECA) to $376,655.09 from $35.377 million in May, this year. This means that in one month the government withdrew $35,000,344.91from the ECA. The ECA is supposed to be a savings...

IOCs Fear Collapse As FG Says $3.27bn Crude Stolen In 14 Months   The total value of Nigeria’s crude oil stolen between January 2021 and February 2022 is about $3.27bn (representing N1.361tn at the official exchange rate of N416.25 to the dollar), the Federal Government declared...