Oil and Gas

‘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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Ivory Coast becomes Nigeria’s biggest trade partner in Africa after N2.05 trillion crude oil imports
September 17, 2024

As Nigerian innovators and early adopters move towards a compressed natural gas (CNG) fuel economy—projected to...

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Ivory Coast becomes Nigeria’s biggest trade partner in Africa after N2.05 trillion crude oil imports
September 17, 2024

Ivory Coast has emerged as Nigeria’s biggest trade partner in Africa after importing crude oil worth...

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Nigeria’s crude oil production rises by 3.4% to 1.35million bpd in August – OPEC
September 12, 2024

Nigeria’s average daily crude oil production rose by 3.4% to 1.352 million barrels in August according...

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Gas production nears 12 billion cubic feet/day – FG
September 6, 2024

Gas production in Nigeria is growing from 7.5 billion cubic feet (bcf) per day and is...

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Nigeria Begins Petrol Production After 28 Years
September 4, 2024

For the first time in nearly three decades, Nigeria has commenced local production of petrol, following...

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FG Spends $13.94bn On PMS Import In 14 Months
September 2, 2024

The Federal Government has hired no fewer than 316 ships to ferry $13.94 billion worth of...

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