Fed Govt Loses N1.9trn To Oil Theft In July   Crude oil theft may have cost the country a whopping N1.9tn revenue loss in July. The estimation was arrived at following a pronouncement by the National Security Adviser, Nuhu Ribadu, last week when he led a presidential...

Nigeria Oil Production Slumped To 1.08mbpd July - OPEC   Nigeria maintained 14 functional oil production rigs in July, after recording the same number of rig count/units in the preceding month of June 2023, latest data on World Rig Count and Units released by the Organisation...

Nigeria’s Oil Production Falls 13.6% to 1.08mbpd in H1 Nigeria’s oil production in the month of July 2023 fell by 13.6 percent to an average of 1.08 million barrels per day compared to 1.25mbpd recorded in June, latest production data from the Nigerian Upstream Petroleum...

Crude Oil Rises to $84/barrel Amid Fuel Hike Speculation Brent, the international benchmark for crude oil, rose to a high of $84/barrel on Wednesday, fuelling speculations that Nigeria might witness another hike in the pump price of Premium Motor Spirit, popularly called petrol, in the...

Oil Theft: Nigeria’s Oil Output Falls 5.5% to 1.249 mb/d in Q1, 2023 - OPEC Nigeria's oil production fell 5.5% month-on-month from 1.184 million barrels per day in May to 1.249 million barrels per day in June 2023. Also, on year-on-year, YoY, the nation’s oil output...

Nigeria Rakes in $11b from Oil Exports in Five Months The Organisation of Petroleum Exporting Countries (OPEC), latest revenues fact sheet indicates that Nigeria earned about $11 billion from crude oil exports in the first half of the year. which revealed the figure, also projected that...