Nigeria Liquefied Natural Gas Limited has called for deliberate investment in the gas sector to stabilise supply and sustain Nigeria’s economic growth. Philip Mshelbila, managing director...
Nigeria attracted over $800 billion capita from global banks into the oil sector in 2024. Bayo Ojulari, the Chief Executive of the Nigerian National Petroleum Company...
Global oil demand growth is expected to slow this year as weaker economic conditions and sluggish non-OECD deliveries weigh on consumption, the International Energy Agency (IEA)...
Nigerian Midstream and Downstream Petroleum Regulatory Authority has reported a significant decline in fuel consumption for June 2025, with total fuel evacuation falling to 1.44 billion...
Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) rose by 263,000 barrels per day (bpd) in July compared to the previous month,...
Nigerian Navy says its special forces deactivated no fewer than 70 illegal refinery sites and confiscated over 400,000 litres of stolen crude oil across the Niger...
Crude oil prices edged high in the global commodity market on declining American crude inventories, signaling a higher demand outlook in the U.S. Also supporting the...
As part of the confidence-building measures agreed upon between the Ogoni people and the Federal Government aimed at facilitating negotiations for resumption of oil exploration in...
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...