Nigeria’s Oil Output Rises by 35,000 Barrels Per Day in November
Nigeria recorded one of the strongest monthly production increases among OPEC members in November, adding 35,000 barrels per day (bpd)...
Domestic Refining and Stronger Naira Drive Down Petrol Prices in Nigeria
A sustained decline in the pump price of Premium Motor Spirit (PMS), commonly known as petrol, is providing relief to...
Healthy Eating Now Costs Nigerians ₦1,611 Daily as Food Prices Surge 27% in One Year
The National Bureau of Statistics (NBS) has revealed that the average cost of putting together a healthy diet for one...
NNPC Ltd Faces ₦8.07 Trillion Crude-Backed Debt Mountain as Forward-Sale Obligations Mount
The Nigerian National Petroleum Company Limited (NNPC Ltd) ended 2024 carrying at least ₦8.07 trillion in outstanding obligations tied to...
NNPC Ltd Posts Record N5.4 Trillion Profit in 2024, Sets Sights on 3 Million Barrels Per Day by 2030
The Nigerian National Petroleum Company Limited (NNPC Ltd) has declared an unprecedented Profit After Tax of N5.4 trillion for the...
Dangote Refinery Denies Involvement in Motorcycle Petrol Delivery Scheme
Dangote Petroleum Refinery has firmly rejected a circulating online video that portrays a partnership for delivering gasoline via motorcycle dispatch...
Nigeria to Roll Out Equity Fund for Local Oil Firms in December Boost
The Nigerian Content Development and Monitoring Board (NCDMB) has revealed plans for a dedicated equity financing vehicle aimed at injecting...
Nigeria Halts 15% Import Levy on Petrol and Diesel, Vows Steady Fuel Supply
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has officially canceled plans for a 15 percent ad-valorem duty on...
Nigeria Halts 15% Import Levy on Petrol and Diesel
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has officially scrapped plans for a 15% ad-valorem duty on imported...
OPEC Urges Nigeria to Halt Crude Exports, Build Local Refining Empire
Nigeria must stop shipping raw crude overseas and instead refine it at home to fuel industrial expansion and economic stability,...
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