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Nigeria Files N3.73tn Crude Oil Revenue Deficit In 11 Months

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The Nigerian government has posted a deficit of N3.73 trillion in its crude oil revenue between January and December 2019. Central Bank of Nigeria...

Oil Rallies Despite Large Crude Build

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Crude oil prices brushed off the Energy Information Administration inventory report today, which saw a 7-million-barrel build in crude oil inventories for the week to April...
Winners of Nigeria 2020 Marginal Bid Round Awaiting Buhari’s Nod

FG adopts crude oil tracker, recovers N1.2tln in royalty arrears

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Chibisi Ohakah The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that the newly adopted Crude Oil Liquefied Natural Gas Tracker (COLT)...
Briton, 6 Firms Arraigned Over $9.6bn P&ID Oil Deal

Again, Oil price hits low at $69 as OPEC predicts demand...

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The price of crude oil, which has been on a steady slide in the past three weeks, yesterday dropped further from $71 per barrel...

NNPC extends $6bn oil swap contracts by 6 months

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Oge Obi with agency report Few months to the expiration of the National Petroleum Corporation's (NNPC) 2018 crude-for-oil products contracts worth about $6 billion, the...
OPEC Frees Nigeria from Fixing Quotas for Crude Oil Cap Deal

OPEC Frees Nigeria from Fixing Quotas for Crude Oil Cap Deal

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Oge Obi Nigeria has been freed by the Organisation of the Petroleum Exporting Countries, OPEC from fixing quotas in the ongoing OPEC/Non-OPEC crude oil cap...

Uganda and Tanzania agree to study possibility of crude oil pipeline

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Uganda and Tanzania have signed an agreement to explore the possibility of building a crude oil pipeline between the two countries, Uganda's Ministry of...