The Minister of State for Petroleum Resources, Chief Timipre Sylva, says COVID-19 had helped to reduce the cost of crude oil production in the country. “We...
Nigeria’s refineries have reportedly lost N104.3 billion in 13 months despite not processing any crude oil during the period. This was contained in the Nigerian National...
The Defence Headquarters says the military has intensified its aggressive fight against crude oil theft, pipeline vandalism, bunkering, economic saboteurs and other criminal activities in the...
Egypt Ministry of petroleum announces new oil discovery at the Gulf of Suez. The Egyptian Ministry of Petroleum and Mineral Resources announced a new oil discovery...
The Senate on Monday expressed concern over the high cost of crude oil production by the Nigeria National Petroleum Corporation (NNPC). It said despite the high...
The Organization of the Petroleum Exporting Countries, OPEC, crude oil exporter group is debating cutting global supply by 10 million barrels per day (bpd), an OPEC...
President Muhammadu Buhari may have approved the reduction of pump price of the Premium Motor Spirit (PMS) also known as petrol from N145 to N125. A...
Amid tumbling prices of crude oil, the Federal Government is set to cut the country’s 2020 budget. The President, Major General Muhammadu Buhari (retd.), will get...
Senator Shehu Sani said on Thursday that the acute poverty and begging culture in the north were, as a result, social injustice and the systemic...
The Federal Government has depleted the Excess Crude Account by N253.1m between January 16 and February 19, analysis of figures from the Federation Account Allocation Committee...
The Nigerian National Petroleum Corporation (NNPC) on Tuesday revealed that the nation lost about $750 million to oil theft in 2019. The Group Managing Director of...
The Minister of State for Petroleum Resources, Timipre Sylva, said on Wednesday that about a billion barrels of crude oil have been discovered in the North...
After a rocket attack on Baghdad set off an uneasy atmosphere over the potential conflict in the Middle East, Oil prices immediately increased. This happened a...
President Muhammadu Buhari on Tuesday said only God will judge the past leaders of this country. The president made the statement while accusing the Peoples Democratic Party-led Federal...
The Nigerian Air Force (NAF) has destroyed 2 additional illegal barges laden with stolen petroleum products in the Niger Delta.