PETROAN has projected that Nigeria will become a full petroleum exporting nation in two years. This followed the announcement ...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has projected that Nigeria will transition into ...

Nigeria’s oil export revenues may be facing a significant threat as Indonesia, one of its key crude oil importers, plans to ...

The largest refinery in Turkey placed further contracts for cargoes that will be delivered in March and April and has grown ...

International Oil Companies (IOCs) operating in Nigeria have continued to bypass direct crude oil supply to local refineries, ...

The NNPCL made N336.37 billion from crude oil sales in the first quarter of 2025. Over 32% of these sales were made to the ...

Nigeria’s fiscal stability is under pressure as crude oil production plummeted to its lowest level yet in 2025, raising the ...

Nigeria retained its position as the largest crude oil producer in Africa despite a decline in the country's output in March, ...

Nigeria's crude oil production has fallen from 1.5 million barrels in January to 1.40 million barrels daily, from 1.465 in ...

A steep drop in crude oil prices largely due to U.S. President Donald Trump's tariffs will squeeze budgets of emerging market oil exporters, analysts said, while the potential economic slowdown could ...

Crude traded at four-year lows on Tuesday, edging towards the $60 mark. For Nigeria, which gets about 90% of its foreign exchange earnings from oil exports, that amounts to significant lost income.

International Oil Companies (IOCs) operating in Nigeria continue to bypass direct crude supply to local refineries, even as the country grapples with an ...