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G7 to Release 100 Million Barrels From Reserves as Fuel Prices Surge

PARIS, France — Leaders of the Group of Seven have agreed to release 100 million barrels of crude oil and diesel from emergency reserves...

Dangote Refinery Cuts Debt by $570 Million Ahead of IPO

LAGOS, Nigeria — Dangote Petroleum Refinery and Petrochemicals reduced its debt by $570 million during the first half of 2026. The reduction came as the...

Dangote, NNPCL Officials Meet as Nigeria Pushes Ahead With Naira-for-Crude Oil Transactions

ABUJA, Nigeria — The Nigerian federal government has confirmed that the naira-for-crude oil deal will continue, following the conclusion of its first phase on...

Nigeria Faces Fiscal Crisis as Crude Oil Price Drops to $59 Per Barrel

ABUJA, Nigeria — Crude oil prices have plummeted to $59 per barrel, marking the first time since February 2021 that prices have dipped this...

Thieves Stealing 100,000 Barrels Of Crude Oil In Nigeria Per Day

Oil theft has replaced the activities of militants, costing the nation trillions of naira, according to a report by Bloomberg. The report showed that between 2014...

US, India, Indonesia Turn Away From Nigerian Oil Over Renewed Restiveness

In impact of the renewed bombing of oil installations by militants in the Niger Delta has started affecting international trade as India, US and...

Reuben Abati: Confronting The Curse Of Crude Oil

The monthly federation accounts allocation committee, FAAC, meeting was held the other day in Abuja, with the representatives of state governments again cap in...

EXPOSED: US Organises Clandestine Global Boycott Of Nigerian Crude Oil (DETAILS)

Following Nigeria’s refusal to devalue its currency (the naira), in-line with IMF recommendations, crude oil traders worldwide have begun to shun Nigerian crude oil...

Opinion: Niger Delta’s Crude, A Curse Or A Blessing?

by Numofagha Roland The Niger-Delta region has been characterized by much violence since the discovery of black crude in I956 at Olobiri in present day...

NNPC Yet To Refund $1.48 Billion Into Federation Account – FG

The Federal Government of Nigeria on Tuesday, June 23, 2015 announced that the sum of $1.48bn (N291.56 billion) was yet to be remitted to...

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