The Minister of Finance and coordinating minister of the Economy, Wale Edun, has said that a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) was ongoing as part of measures t...
Bashir Ojulari, the new group chief executive officer of the Nigerian National Petroleum Company Limited, has pledged to attract sectoral investments worth $30 billion and $60 billion by 2027 and 2030...
The Organisation of the Petroleum Exporting Countries on Monday slightly cut its forecast for oil demand growth, citing the impact of US tariffs on the world economy. A report by Reuters quoting the O...
Shareholders have commended President Bola Tinubu and the Federal Executive Council (FEC) for the continuation and institution of the naira-for crude policy as a national policy. The federal governmen...
Global oil prices tumbled to their lowest in more than four years on Wednesday as fears over weakening demand and a supply excess deepened, driven by a renewed trade standoff between the United States...
The Dangote Refinery has notified marketers and customers of a reduction in its the price of Premium Motor Spirit (PMS) popularly called petrol at the point of loading from the refinery’s ga...
The new directors of NNPCL appointed by President Bola Tinubu last week have been widely welcomed by Nigeria’s oil industry chieftains and analysts for their cognate experience and impressive private ...
The Federal Government, Wednesday assured Nigerians that the Crude-for-Naira initiative will continue for as long as it aligns with public interest and supports the national economy. The assurance fol...
Nigeria’s economic outlook for 2025 has come under increasing strain as tumbling global oil prices and a shortfall in crude oil production threaten the revenue projections underpinning the nation’s bu...
Over 75 per cent of the 1.9 billion barrels of crude oil produced in Nigeria and other African countries in 2024, translating to 1.4 billion barrels was exported to Europe and other continents at the ...
