Oil prices fell to their lowest in a week on Monday after OPEC+ agreed to another large output increase in September, adding to oversupply concerns after...
Nigerian content development and monitoring board, NCDMB, said it is committed to ensuring that Nigeria produces the best local content in the global market especially in...
The federal government has mapped out plans to increase crude oil production by approximately 810,000 barrels per day (bpd) from the country’s deepwater oil fields through...
The western zone of the Independent Petroleum Marketers Association of Nigeria (IPMAN) says tankers will no longer load more than 45,000 litres of the product from...
Country Director, Action Aid Nigeria Dr Andrew Mamedu has urged the federal government of Nigeria not to implement the proposed five per cent fuel surcharge describing...
National Bureau of Statistics has said the average retail price of a litre of petrol increased from N750.17 in June 2024 to N1,037.66 in June 2025....
The Senate Committee on Public Accounts has given the Nigerian National Petroleum Company three weeks to respond to queries raised against it. The queries against the...
Oil prices rose on Tuesday, extending the previous day’s rally, on optimism that a trade war between the United States and its major trading partners was...
Oil prices rose 2% on Monday after a trade deal between the U.S. and the European Union, and U.S. President Donald Trump’s announcement that he would...
The planned oil Resumption in Ogoni by the federal government May face some hitches if the authorities fail to meet the preconditions spelt out by the...
Oil prices eased on Friday on negative economic news from the United States and China and signs of growing supply despite optimism U.S. trade deals could...
Nigerian Midstream and Downstream Petroleum Regulatory Authority said that West African countries will sign harmonised refinery regulatory agreements in the fourth quarter of 2025 to achieve...
Nigerian Economic Summit Group (NESG) has raised concerns over the persistent underperformance of the oil and gas sector, warning that it poses a significant threat to...
Nigerian National Petroleum Company Limited (NNPC Ltd.) says it has remitted N6.96 trillion to the Federation Account within the first five months of 2025. The NNPC...
Africa is increasingly becoming a destination for cheap, often toxic petroleum products, many of which are blended to substandard levels that would not be permitted in...