crude oil

The Federal Government has announced that sales of crude oil to Dangote Refinery and other local refineries will commence October 1, 2024. The Minister of Finance and Coordinating Minister of the Economy, Wale Edun,…

The Federal Executive Council, FEC, on Monday approved the sale of crude oil to Dangote Refinery and other local refineries in the local currency instead of dollars. Chairman of the Federal Inland Revenue Service,…

Aliko Dangote, chief executive officer of Dangote Refinery, held a strategic meeting with key stakeholders, including executives from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian Upstream…

Nigeria’s crude oil output dropped by 38,102 barrels per day in March, translating to a cumulative loss of about 1,181,162 barrels in the month under review, and signalled the first plunge in oil production since the last seven months, The…

The Nigerian National Petroleum Company (NNPC) has faulted a report by the Auditor General of the Federation (AuGF), Mr. Adolphus Aghughu, that it failed to account for about 107,239,439 barrels of crude oil lifted for domestic consumption…

By Emeka Okoroanyanwu with Agency reports Nigeria is set to export about 905,000 barrels of crude oil per day (bpd) to Europe this month, the most since a  five-year high of about 1 million bpd in November. The expected massive…

The Nigeria Security and Civil Defence Corps (NSCDC), Ondo State Command, has arrested two suspects and impounded a truck loaded with 33,000 litres of suspected crude oil. Mr Pedro Awili, NSCDC state commandant, made the disclosure when…