August 17, 2023
Nigeria: I Received N50,000 to Secure Vessel Used for Storing Stolen Crude Oil - Suspect
Men of the Operation Delta Safe, OPDS, have arrested three suspected crude oil thieves and seized a vessel and two tankers used in carrying out the illegal activities in Rivers… Read more »
August 16, 2023
Nigeria: Nigeria's Eurobonds Drop As Govt Freezes Petrol Price Hike
Nigeria's eurobonds fell on Wednesday, after the government said petrol prices will not be increased, and blamed foreign exchange shortages on "gross mismanagement" at the Central… Read more »
Nigeria: Nigeria Resumes Oil Export At Forcados Terminal
Nigeria has resumed the export of about 220,000 barrels of crude oil per day at the Forcados terminal Read more »
August 14, 2023
Nigeria: Fresh Fuel Price Hike Looms As Landing Cost Rises By 37.4%
There are strong indications that pump price of petrol is expected to record another round of increases, the third within 10 weeks as oil marketers hint that the landing cost of… Read more »
August 07, 2023
Nigeria: Oil Theft - NAF Airstrikes Destroy Boats, Tanks With Stolen Crude Oil in Niger Delta
Nigerian Airforce fighter aircraft of the air component, Operation Delta Safe have bombed and destroyed 3 boats sighted tapping crude oil from a pipeline at a dispensing site, west… Read more »
August 06, 2023
Nigeria: JTF Orders Immediate Release of Vessel Accused of Carrying Stolen Crude
The Joint Task Force, Operation Delta Safe, OPDS, has ordered the immediate release of MT Praisel Vessel to continue it operations in line with extant approvals, after it was… Read more »
August 02, 2023
Nigeria: Subsidy - We Do Not Have Control Over Price of PMs or Dollar - Central Bank
The Central Bank of Nigeria CBN, says it has little or no control over the price of either Premium Motor Spirit (PMS) or the dollar. Read more »
July 31, 2023
Nigeria: Fuel Subsidy - Public Events Now Record Poor Turnouts
The pomp and pride which usually herald public events in the country have given way to austerity measures. Read more »
July 27, 2023
Nigeria: Subsidy Removal - Disbursement of N500bn to 12m Homes Wont Address Fundamental Issues Govt Told
Africa Leadership Group (ALG), a citizen-centric, and effective governance leadership organization has taken a swipe on President Bola Tinubu's swift decision on the petroleum… Read more »
July 25, 2023
Nigeria: Fuel Subsidy Removal - TUC Gives Govt 2 Weeks Ultimatum Over Negotiation
The Trade Union Congress of Nigeria, TUC, yesterday, gave the Federal Government a two-week ultimatum to conclude negotiations or face workers' protest. Read more »
July 22, 2023
Nigeria: Fuel Price Hike - Lagos Workers Adopt Shift Operations - Residents Lament Plights
...commuters trek long distances as commercial bus drivers hike fares Read more »
July 20, 2023
Nigeria: Govt's Planned Digital Transfer of U.S.$10 to 12 Million Low-Income Nigerians
GOING by media reports, the Federal Government of Nigeria has concluded plans to make a digital transfer of N8000 to over 12 million low-income earners in Nigeria to help cushion… Read more »
July 13, 2023
Nigeria: Nigeria, E/Guinea Consider New Oil, Gas Opportunities
THE Governments of Nigeria and the Republic of Equatorial Guinea, yesterday, considered the establishment of a joint logistics base, deployment of indigenous capacities across… Read more »
Nigeria: Reps Probe Alleged $4bn Crude Oil Theft
The House of Representatives yesterday resolved to investigate crude oil theft to the tune of $4 billion, with a view to curbing economic loss to the country and ensuring that… Read more »
Nigeria: Nigeria, Others Earn $873.6bn From Oil Export in 2022
Nigeria and other member countries of the Organization of Petroleum Exporting Countries, OPEC, earned $873.6 billion from oil export in 2022. Read more »
July 11, 2023
Nigeria: NNPC No Longer Write Rules for Petroleum Industry, Says Kyari
The Group CEO, of NNPC Limited, Mr Mele Kyari yesterday insisted that the company no longer write rules regulating the oil and gas industry in Nigeria, as it has become a… Read more »
July 10, 2023
Nigeria: Fuel Subsidy and the Arrogance of the Elite
For the past few weeks, I have restrained myself from commenting on the controversial issue of subsidy removal. I've heard many pundits, commentators and columnists utter their… Read more »
July 05, 2023
Nigeria: Nigeria, Angola Now Biggest Oil Drilling Markets in Sub-Saharan Africa - Report
Nigeria has equaled Angola as the largest oil drilling market in sub-Saharan this year, according to a report by Hawilti and the Caverton Offshore Support Group Plc. Read more »
July 03, 2023
Nigeria: NNPC E&P, NOSL Create Awareness On Healthy Living for Children in Akwa-Ibom
Nigerian National Petroleum Corporation Exploration and Production (NNPC E&P) and Natural Oilfield Services Limited (NOSL) have organised a free medical intervention programmes… Read more »
Nigeria: 9 Illegal Refineries With 1m/Bpd Production Capacity Uncovered in Bayelsa
As the ongoing war against crude oil theft and illegal refineries in Niger Delta intensifies, no fewer than nine illegal refinery sites with a combined total daily production… Read more »
June 30, 2023
Nigeria: Kidnap of Oil Workers in Lagos - Family of Victims Weep, Besiege Company Office
Barely 48 hours after the Managing Director and seven employees of a Lagos-based oil company were kidnapped while in a boat heading towards the highbrow Lekki area of the state,… Read more »
Nigeria: I Could Have Asked for My Share of Fuel Subsidy, but God Forbid - Tinubu
President Bola Tinubu says he will not partake in the economic destruction of the country by enemies of the nation. Read more »
June 29, 2023
Nigeria: 2 Major Oil Spills Discovered in Rivers Communities in One Week
A nonprofit organization, Oilwatch Africa, yesterday, raised alarm over two major oil spills in Rivers communities within one week by an international oil company operating in the… Read more »
June 26, 2023
Nigeria: Subsidy - Lack of License, Foreign Exchange, Others Hinder Fuel Importation
Barely a month after deregulation, operators in the downstream sector have not been able to import petrol into Nigeria, due mainly to a lack of license and foreign exchange. Read more »
June 22, 2023
Nigeria: NMDPRA Clears Confusion Over Midstream, Upstream Operations
The Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, declared yesterday, that the Petroleum Industry Act 2021 established a clear distinction between… Read more »