Nigeria’s Petrol Import Bill Reaches Record N15.42 Trillion in 2024 Despite Refinery Efforts
Nigeria’s expenditure on petrol imports skyrocketed in 2024, reaching an unprecedented N15.42 trillion—a figure more than double that of the ...
Tag: Crudeoil
Oil Price Plummets 20% to $67 per Barrel, Threatening Nigeria’s 2025 Budget Targets
The price of Nigeria’s premium crude oil, Bonny Light, has dropped by 20% to $67 per barrel in February 2025, ...
Nigeria’s Oil Production Rises by 4% to 1.737 Million BPD in January
Nigeria’s crude oil production, including condensates, recorded a 4% month-on-month increase, reaching 1.737 million barrels per day (bpd) in January ...
FG Orders Oil Producers to Supply Crude to Dangote, Other Refineries
In a significant move to resolve supply disputes and boost local refining capacity, the Nigerian government has mandated local crude ...
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