October 1, 2026 will be a remarkable day for Bayelsa State. While Nigeria celebrates 66 years…
Tag: Crude Oil
Nigeria, India Target $15bn Trade As Modi Seeks Crude Purchases
Nigeria and India are moving to rebuild bilateral trade towards its previous high of nearly $15…
Crude Surges To $107, Fresh Petrol Price Hike Looms
Petrol prices in Nigeria could come under fresh upward pressure following a sharp rise in international…
Nigeria Plans To End Crude Exports As Local Refineries Expand
Nigeria plans to eventually direct all of its crude oil production to domestic refineries as the…
Oil Prices Climb As US-Iran Deadlock Threatens Hormuz Reopening
Global oil prices continue to rise as uncertainty over the reopening of the Strait of Hormuz…
Dangote Refinery Hits 700,000 Barrels Per Day In Expansion Test
Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per…
Senate Tightens Fiscal Reins: Crude Oil Benchmark Slashed to $60 Amid Global Volatility
In a decisive move to shield the national economy from international shocks, the Nigerian Senate has…
Ozobo: FG More Focused on Fines Than Ending Gas Flaring
A Niger Delta rights activist, Austin Ozobo, has criticised the Federal Government for prioritising revenue from…
Nigeria’s GDP Rebased to ₦205trn, Up 41% from 2014
Nigeria has officially rebased its Gross Domestic Product (GDP), setting the 2019 base year at ₦205.09…
Nigeria Imports ₦1.19tn Crude as Local Supplies Dwindle
Nigeria, Africa’s largest crude oil producer, spent ₦1.19 trillion importing crude oil in the first quarter…