Oil and Gas

Nigeria’s crude oil production rises to 1.43 million bpd in October 2024 — OPEC
November 14, 2024

Nigeria’s daily crude oil production increased from 1.39 million barrels per day (bpd) to 1.43 million...

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PMS: Motorists, Others To Spend N6.1trn On Fuel In 5 Months
November 14, 2024

As prices of Premium Motor Spirit (PMS) continue to rise, consumers will spend a minimum of...

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Nigeria has secured over $1 billion investment oil and gas sector— Olu Verheijen
November 8, 2024

Olu Verheijen, the special adviser to President Bola Tinubu on energy, has announced that so far...

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Nigeria consumes 50 million litres of petrol daily — NMDPRA
November 2, 2024

The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the country’s daily petrol...

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Less than 20% of Nigerian households use cooking gas – NBS
October 25, 2024

The National Bureau of Statistics (NBS) has revealed that only 19.4% of households in Nigeria use...

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Nigeria Takes Delivery Of N59.2bn Worth Of Gas Cylinders
October 25, 2024

Lagos Port is expected to take delivery of 2.29 million units of 12.5 kilogrammes of LPG...

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‘Lagos Households, Businesses Use 15.6bn Litres Of Fuel Annually’
October 17, 2024

Businesses and households in Lagos consume a total of 15.6 billion litres of petrol annually, according...

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Nigerian crude sells for $81 a barrel despite worries about the world’s biggest crude oil importer
October 17, 2024

Nigerian crude traded at a premium, above $80 a barrel, despite moderation in China’s inflation rate...

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Non-Oil Export: FG Generates $600m From Lilypond Terminal
October 17, 2024

Following the Federal Government’s creation of the Lily Pond Export Command for exports of locally manufactured...

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Local refineries produced 1.46 billion litres of petrol – Report
October 6, 2024

From 2015 to 2019, Nigeria could only produce 1.46 billion litres of petrol due to low...

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Tinubu: Nigeria’s Petrol Consumption Now 30m Litres Daily
October 1, 2024

President Bola Tinubu said the current daily petrol consumption of Nigeria is about 30 million litres....

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Nigeria Earned $38.907bn As Oil Revenue In Two Years – NEITI
October 1, 2024

Nigeria earned a total of $38.9 billion as oil revenue in 2022 and 2023. While it...

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