Tag: Crude oil

Nigeria has strengthened its position in the global oil market after becoming Indonesia’s largest source of crude oil imports during ...

The National Economic Council (NEC) has approved a new $4.5 billion Project Gazelle 2 financing facility to replace the existing ...

Nigeria’s state-owned oil company, the Nigerian National Petroleum Company Limited (NNPC), recorded a profit after tax of N2.275 trillion during ...

Saudi Arabia, Russia and five other major members of the OPEC+ alliance have agreed to increase oil production by 188,000 ...

The Nigerian National Petroleum Company Limited (NNPC) reported a strong financial performance in June 2026, posting a profit after tax ...

Nigeria’s largest private refinery, Dangote Petroleum Refinery, has returned to selling petrol in naira after a brief period of pricing ...

Nigeria’s petrol market is coming under fresh pressure as international crude oil prices rise above $100 per barrel, increasing concerns ...

Dangote Petroleum Refinery has resumed accepting naira payments for Premium Motor Spirit (PMS), reversing its brief shift to dollar-denominated sales ...

Oil prices are among the most closely watched numbers in the global economy because they influence the cost of transportation, ...

The Port Harcourt Refinery, Nigeria's largest state-owned refining complex, has become a symbol of the country's long-running struggle to restore ...