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crude oil

NNPC Cuts Down Price Of Crude Oil Over Fall In Demand

The Nigerian National Petroleum Corporation has cut down the price of crude oil as a result of a decline in the demand of the...

REVEALED: How N2.92 Trillion Excess Crude Account Was Shared In 4 Years – Okonjo Iweala (DETAILS)

The Federal Ministry of Finance, has revealed how the 36 states of the federation shared a total of N2.92 trillion from the Excess Crude...

Crude Oil Decline Threatens 3 Nigerian Deepwater Projects – NNPC

NAN- Dr Joseph Dawha, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), has said that the ongoing decline in crude oil price will delay...

Bayelsa Urges Multinational Oil Firms To Open Operational Offices In The State

The Bayelsa state government has fired a note of warning to multinational oil firms over suspected discrimination by the said companies. The warning was conveyed...

EFCC Detains Fenix Impex Boss For Allegedly Selling Confiscated Crude Oil

The Economic and Financial Crimes Commission (EFCC) yesterday invited and detained the Chief Executive Officer of Fenix Impex Nigeria Limited, Mr. Jarret Tenebe over...

Navy Warns Oil Majors Against Economic Sabotage

The Chief of the Naval Staff (CNS), Vice Admiral Usman Jibrin has warned oil companies to desist from committing economic sabotage against Nigeria. The naval...

NNPC To Go Into Oil Bunkering In October

The Nigeria National Petroleum Corporation (NNPC) said it had concluded plans to go into oil bunkering business to boost its profitability in line with...

Akwa Ibom Youths Shut Down ExxonMobil Over Oil Spills

Youths from ExxonMobil’s host communities in Ibeno, Akwa Ibom State, have shut down the operations of the multinational oil firm over persistent oil spills...

Niger Delta Fishermen Reject $50 Million From Shell As Compensation

Thousands of Nigerian fishermen have rejected an offer of $50 million from Royal Dutch Shell for “some of the largest oil spills in history,”...

India Now Largest Importer Of Nigeria’s Crude Oil – NNPC

Oil-rich Nigeria said on Thursday that India has replaced the United States as its largest crude importer, accounting for more than a quarter of...

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