Nigeria’s Gas, Oil Export Sale Increases By 36%   The Nigerian National Petroleum Corporation on Thursday announced total crude oil and gas export sale of $416.07m for June 2018, which was 35.78 per cent higher than what was recorded in the previous month. Details of the figures...

NNPC, Others Pledge To Boost Oil Sector Output   Key agencies of government under the Federal Ministry of Petroleum Resources have pledged to improve the digitalisation of their systems in order to boost the country’s oil and gas sector. According to the Nigerian National Petroleum Corporation, the...

At $84, Oil Hits Highest Since 2014 International oil benchmark, Brent crude, extended its gains on Monday, rising to its highest level of $84 per barrel since November 2014. The further rise in oil prices came on the back of supply concerns before United States sanctions...

Oil Marketers Urge FG To Hasten Payment Of N650bn Debt Oil marketers have appealed to the Federal Government to hasten payment of over N650 billion subsidy arrears to save their assets from being taken over by banks. The marketers, under the aegis of Major Oil Marketers...

Oil Consortium To Deliver 1.8bn Litres PMS, Save $1.7bn Consortium, involving JIL Engineering & Oil Services Limited and Amber Enerji Makina Logistics, is set to deliver 1,898,460,000 litres of petrol as part of moves to enable Nigeria exit massive importation by 2019. Oil The Chief...

Nigeria’s Oil Revenue Hits $26bn In 7months Following the rally in global crude oil prices, Nigeria has recorded a significant increase in oil export revenue as the country earned an estimated $26bn in the first seven months of this year. The country saw its oil export...