Nigeria lost over N1.1 trillion in oil revenues in the last five months due to NigerDelta militants’ attacks on oil installations. The figure does not include losses in gas revenues resulting from disruptions in gas supplies to domestic power and industrial plants as well as...

India and the United States have slashed their imports of Nigerian crude oil by 43 per cent and 53 per cent, respectively, translating to a loss of at least N88bn in earnings, the latest report from the Nigerian National Petroleum Corporation has shown. India, which...

Nigeria’s March crude oil programme is struggling to find outlets, with some 25 million barrels still unsold even as the April loading programme is expected to start arriving this week, traders have said. Despite this, offers for the oil have gone mostly quiet as those...