The Dangote Petroleum Refinery has officially reached its nameplate capacity of 650,000 barrels per day (bpd), cementing its position as...

Equity investors on the Nigerian Exchange (NGX) recorded a massive N1.4 trillion gain on Monday, the first trading day of...

Nigeria’s naira has strengthened markedly in the official foreign exchange market, closing January at N1,386.55 per US dollar  its firmest...

Global oil prices have climbed above Nigeria’s 2026 budget benchmark of $64.85 per barrel, delivering a timely boost to the...

Nigeria generated approximately N55.5 trillion from crude oil sales in 2025, according to an analysis combining official production figures from...

Global oil prices held firm on Monday, trading comfortably above Nigeria’s 2026 budget benchmark of $64.85 per barrel, supported by...

Nigeria has achieved a major milestone in its long battle against fuel import dependence, with spending on imported refined petroleum...

Nigeria’s average daily oil production, including condensates, rose to 1.652 million barrels per day (bpd) in the first eleven months...

Nigeria’s downstream petroleum market may be on the brink of a dramatic reset as Dangote Petroleum Refinery prepares to begin...

Fresh drama has erupted in Nigeria’s downstream oil sector, but the Dangote Petroleum Refinery says there is nothing to see...