Business
Long queues return at filling stations as petrol increase to N1,000 per litre nationwide
Long queues are returning across filling stations in Nigeria as Premium Motor Spirit (PMS), or petrol, increased to above N1,000 per litre. The ...
Business
33 vessels carrying petroleum products, food supplies, assorted cargoes to arrive at major seaports in Lagos – NPA announce
The Nigerian Ports Authority (NPA) on Monday, February 23, announced that 33 vessels carrying petroleum products, food supplies, and other assorted cargoes are ...
Business
Nigeria’s oil sector lost N1.76trn after missing OPEC production quota for 12 months
Nigeria’s oil sector lost an estimated N1.76 trillion in potential crude oil revenue due to its failure to meet the production quota set ...
Business
Rivers refinery rehabilitated to 90%, can resume operations within 1 week – PENGASSAN reveal
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Tuesday, February 10, revealed that the old Port Harcourt refinery has ...
Business
Nigeria’s non-oil exports rose to $6.1bn in 2025, strongest performance in 5 years
The Nigerian Export Promotion Council (NEPC), on Monday, January 19, announced that Nigeria’s non-oil exports rose to an all-time high of $6.1 billion ...
Business
NNPCL to sell stakes in oil, gas assets
The Nigerian National Petroleum Company Limited (NNPC Ltd.) on Monday, December 29, in Abuja, launched a bid process to sell stakes in some ...
Business
Nigeria emerges top African crude oil exporter to US
Nigeria has emerged as the leading African exporter of crude oil to the United States (US) between January and August 2025, as a ...
Business
Nigeria’s crude oil production rise to 1.43m barrels per day – OPEC
The Organization of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production rose to 1.43 million Barrels Per Day (bpd) in November. ...
Business
Nigeria’s external reserves cross $45.04bn, marking strongest position in 6 years
Nigeria’s external reserves have crossed $45.04 billion, marking one of the strongest positions the country has recorded in six years. According to the ...
Business
NNPCL face N8.07trn debt in crude-backed loans amid falling oil production, fiscal pressures
The Nigerian National Petroleum Company Limited (NNPCL) is facing ₦8.07 trillion in crude-backed debts amid falling oil production and fiscal pressures, according to ...