Tag: Oil Exports

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

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

Nigeria has imported crude oil from Libya for the first time on record, underscoring mounting pressure on domestic crude availability ...

Nigeria imported crude oil worth $1.39 billion during the first quarter of 2026, marking a significant increase as local refineries, ...

Nigeria recorded a current account surplus of $4.98 billion, underscoring the pivotal role of crude oil exports in supporting the ...

Nigeria’s oil industry has received a significant boost following the addition of new crude streams that have collectively contributed approximately ...

Nigeria recorded a significant increase in crude oil and condensate production in May 2026, exceeding its production target set by ...

Nigeria’s foreign exchange reserves recorded a significant increase in the first week of June, surpassing the $50 billion mark and ...

Nigeria, Africa’s largest crude oil producer, continues to underperform in global energy markets despite intensifying competition for oil supplies amid ...

Nigeria could see a boost in its foreign exchange reserves and improved stability for the naira as rising global oil ...