Nigeria: Oil Theft - Why Nigeria Continues to Lose Its Essential Commodity, By Jibrin Ibrahim

Nigeria's losses due to crude oil theft are more significant than those of some other OPEC members, the Chairman Senate Ad hoc Committee on Crude Oil Theft, Ned Nwoko, has said. In… Read more »

Nigeria: Nigeria to Restart Oil Production in Ogoni

According to Mr Ribadu, oil production is expected to resume soon in the region. Read more »

Nigeria: Dangote Refinery Announces Reduction in Petrol Pump Price

On Monday, the company reaffirmed its commitment to maintaining price stability for petrol, despite global crude oil price fluctuations. Read more »

Nigeria: Oil Theft - Nigeria Losing More Barrels of Crude Oil Than Some Opec Members Produce - Senator

"Nigeria loses billions of dollars annually to crude oil theft. This is severely undermining our economy, weakening the Naira, and depriving the nation of vital revenue needed for… Read more »

Nigeria: Problems, Prospects, Solutions of Oil Block Development in Nigeria

Two main players typically drive the development of oil blocks in Nigeria: International Oil Companies (IOCs) and National Oil Companies (NOCs). Read more »

Nigeria: Gov Mbah Demands Enugu's Share of 13 Percent Oil Derivation Fund

The Nigerian government, in December 2022, recognised Enugu as an oil producing state which ultimately makes the South-eastern state eligible to receive 13% oil revenue. Read more »

Nigeria: Dangote Refinery Pledges Stability Amidst Oil Price Fluctuations

According to the company, the decision reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden of fuel costs on consumers. Read more »

Nigeria: Oil Spill Devastates Ogoni Community, Displaces Residents

Residents said the spillage has been on for over a week and that drums of crude have been looted by overzealous community members Read more »

Nigeria: Oil Cargo Arrest - Court Dismisses General Hydrocarbons' Bid to Serve Orders On Navy

General Hydrocarbons succeeded in overturning the order detaining the crude oil cargo, but First Bank immediately appealed the ruling. Read more »

Nigeria: NNPC to Resume Oil Drilling in Northern Nigeria, Speaks On Feud With Dangote Refinery

Mr Ojulari also said the NNPC has resolved the feud between the NNPC and the Dangote refinery. Read more »

Nigeria: Gov Radda Hails Appointment of Bagiwa As NNPCL Commercial Director

"Her elevation not only brings honour to Katsina State but also reinforces our long-standing tradition of producing exceptional leaders who contribute significantly to national… Read more »

Nigeria: NNPC Probe - Kyari Speaks On Allegations of Being in EFCC Custody

Last month, President Bola Tinubu sacked the board of the NNPC Ltd, including Mr Kyari. Read more »

Nigeria: Transcorp Hotels' Quarterly Profit, Revenue Rise

Revenue added 51.9 per cent as it rose to N21 billion, gaining strength from improvement in both room bookings and food & beverages. Read more »

Nigeria: NNPC Sacks Top Officials

A source told this newspaper that the removals were part of a broader organisational shake-up. Read more »

Nigeria: Nigeria's Q1 2025 Non-Oil Export Increases By 24.75 Percent, Valued At $1.791 Billion

The Nigeria Export Promotion Council says it is working with the Ministry of Industry, Trade and Investment to further increase non-oil exports. Read more »

Nigeria: FG Bans Waivers for Threaded Pipes, As Monarch Alloys Opens Factory

The plant has an annual external capacity coating capacity of two million square meters and an internal square meters coating capacity of one million square meters. Read more »

Nigeria: Forensic Audit of NNPC Underway - Minister

A report by the office of Nigeria's Auditor-General had earlier indicted NNPC for alleged misappropriation of funds and diversion of revenue meant for the Federation in 2021. Read more »

Nigeria: House of Reps Presents N18 Million to Enugu Tanker Explosion Victims

A petrol tanker, on 25 January, exploded at the Ugwu Onyeama section of the Enugu-Onitsha Expressway, killing at least 23 people and injuring many others. Read more »

Nigeria: Military Deactivates 42 Illegal Refineries, Arrests 42 Oil Thieves - DHQ

The DHQ also said the troops recovered 117,395 litres of stolen crude oil, 22,050 litres of illegally refined Automotive Gas Oil, 6,000 litres of Dual Purpose Kerosene and 8,060… Read more »

Nigeria: Dangote Refinery Reduces Petrol Price

Mr Chiejina explained that these price reductions reaffirm the company's commitment to providing high-quality petrol at affordable rates, benefiting consumers across the nation. Read more »

Nigeria: What President Tinubu Must Do to Grow Nigeria's Non-Oil Export (1)

"The policies relating to aggressive promotion of non-oil export are aimed at growing non-oil export through the creation of demand for Nigerian products." Read more »

Nigeria: NUPENG, PENGASSAN Raise Concerns Over NNPC External Recruitment

NUPENG and PENGASSAN said they cannot accept or support the recruitment of senior and management staff from outside the company. Read more »

Nigeria: Introducing NNPC's Group CEO

Mr Ojulari was, until his new appointment, the executive vice president and chief operating officer of Renaissance Africa Energy Company. Read more »

Nigeria: Meet Ahmadu Kida, NNPC's New Board Chairman

The president also approved Bayo Ojulari as the new GCEO of the NNPC and Ahmadu Kida as non-executive chairman. Read more »

Nigeria: Ex-Shell Chief Bayo Ojulari Now Heads Oil Board

Bayo Ojulari first joined Shell in November 1991 as an Associate Production Technologist at Shell Petroleum Development Company (SPDC) Read more »