The Federal Government has officially commenced the sales of crude oil and refined petroleum products in Naira. The Minister of…
Oil prices rise by $1 as Iran launches attack on Isreal
Oil prices surged by more than a dollar in early trading today amid growing concerns that escalating tensions in the…
FG inaugurates committee on sale of crude oil to local refineries
The Federal Government has set up the Technical Sub-Committee charged with developing the framework for the sale of crude oil…
Senegal Joins Oil-Producing Countries, Begins Production
Senegal has officially joined the list of oil-producing countries in West Africa, marking a significant milestone in the country’s economic…
Nigeria Fails To Meet Oil Production Targets In 10yrs
Despite having crude oil in abundance, Nigeria has consistently failed to meet oil production targets as stipulated in national budgets…
Military uncovers five million-litre stolen crude in Rivers
The 6 Division, Nigerian Army, on Wednesday, said it uncovered a massive illegal refinery camp and seized five million litres…
$19bn Dangote Refinery gets another 1m barrels crude oil
With the delivery of two million barrels of crude, the $19 billion Dangote Oil Refining Company is set to commence…
Dangote refinery gets first crude supply
The first crude feedstock for Dangote’s 650,000 b/d refinery has arrived the country, according to SP Global quoting market sources…