Crude Oil price falls below $90 per barrel; signals danger for nation’s economy
Nigeria’s oil revenue recorded further shock with Brent Crude, the international benchmark, falling below $90 per barrel for the first…
Nigeria’s oil production dips to 1.24m bpd, lowest this year
All is not well in Nigeria’s oil industry as the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) stated that oil output…
Oil price hits $80 per barrel
Nigeria’s economy is in a dire strait as oil price hit $80.20 yesterday amid growing demand fuelled by a…
Nigeria produce 1.57 million barrels of oil per day
Nigeria and several other members of the Organisation of the Petroleum Exporting Countries exceeded their oil production quotas in March,…
Crude Oil: NNPC sales of petroleum products increases by 92% in October 2020
The Nigerian National Petroleum Corporation (NNPC) has announced that its downstream subsidiary, the Petroleum Products Marketing Company (PPMC), recorded…
Crude Oil: Nigerian refineries lose a total of 152.08bn
The nation’s refineries lost a total of N152.08bn in 15 consecutive months of being idle, the latest data from…
NNPC: Nigeria generated $120.49m in September from oil exports
The Nigerian National Petroleum Corporation on Sunday announced a total export receipt for crude oil and gas valued at $120.49m…
Nigeria’s crude oil production fell from 1.33 million to 1.17 million barels per day
Crude oil production in Nigeria tumbled by 155,000 barrels to a record low in December amid the production cuts by…
Crude Oil : Price of Oil hits $56
The sustained increase in global crude oil prices has pushed up the landing cost of imported petrol closer to…
Crude Oil : Nigeria’s oil export revenue increases as the price of a barrel rises above $55
The international oil benchmark, Brent crude, extended its gains on Friday, rising above $55 per barrel, in what is…
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