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Nigeria’s Q3 Oil Exports Rise By 56% To N2.42trn

Nigeria’s Q3 Oil Exports Rise By 56% To N2.42trn         Nigeria more than doubled its crude oil exports in the third quarter of this year to N2.42tn after months of struggling to find buyers amid the collapse in demand. Crude oil exports grew in value by 56...

Nigeria Cuts Oil Exports To Meet OPEC Deal

Nigeria Cuts Oil Exports To Meet OPEC Deal     Nigeria has revised down its crude oil export programme for May and June to align itself with a global production cut deal led by the Organisation of Petroleum Exporting Countries, loading programmes showed. OPEC and its allies agreed...

Aiteo Pipeline Closure Threatens Nigeria’s Oil Exports

Aiteo Pipeline Closure Threatens Nigeria’s Oil Exports   Exports of Nigeria’s Bonny Light crude have been under force majeure following the closure of the Nembe Creek Trunk Line, one of the major crude oil transportation channels used for export. The NCTL, which is 100 kilometres long and...

ANEEJ Backs Probe of $17bn Undeclared Oil Exports

The Africa Network for Environment and Economic Justice has said the plan by the National Assembly to probe the alleged $17bn undeclared crude oil and gas exports is a step in the right direction. The group said in a statement that it was hopeful that...