Nigeria Breaks Oil Output Record Again
Nigeria has broken its oil output record again, producing over 1.8 million barrels per day (bpd) last month, an achievement ...
Tag: oil
Nigeria Ramps Up Oil Production to 1.8 Million Barrels Per Day
Nigeria's oil production has surged to a remarkable 1.8 million barrels per day (mbpd), according to the Minister of State ...
Global Oil Prices Edge Higher to $74.80/Barrel on First Trading Day of 2025
There was a slight increase in the international price of oil yesterday, the first day of trading in 2025, as ...
Expert Highlights Decline in OPEC’s Power to Influence Global Oil Prices
The Organization of the Petroleum Exporting Countries (OPEC) may no longer possess the market-defining power it once held in controlling ...
Shell Assures Oil Exports Unaffected by Leak at Bonny Terminal
The Shell Petroleum Development Company of Nigeria (SPDC) has assured that the recent oil spill at the Bonny Oil Export ...
Fisayo Soyombo Exposes Military’s Alleged Collusion with Oil Bunkerers
Fisayo Soyombo, a well-known investigative journalist, recently made headlines after spending three days in military detention over his daring investigation ...
Undercover Journalist Exposes Deep Rot in Nigeria’s Oil Sector
The founder of the Foundation for Investigative Journalism (FIJ), Fisayo Soyombo, has disclosed details of his undercover investigation into oil ...
IMF Warns: Sub-Saharan Africa’s Oil-dependent Countries Face Slower Economic Expansion
The International Monetary Fund (IMF) has released its economic report for Sub-Saharan Africa, pointing out that countries that produce oil ...
From Monopoly to Marketplace: NNPC’s Bold Move
Wow, what a fantastic day! The Nigerian National Petroleum Company Limited (NNPC) has finally decided to step away from Dangote ...
Can Prayer Save Nigeria’s Oil Industry from Its Own Corruption?
As Nigerians endure the biting sting of economic hardship, primarily due to skyrocketing petrol prices—oil workers, under the Ministry of ...
Nigeria Settles $2.4 Billion Cash Call Debt with International Oil Companies
The Nigerian National Petroleum Company Limited (NNPC) has paid $2.44 billion to multinational oil companies, meeting its financial commitments. This ...
NNPCL Targets 3 Million Barrels Daily Oil Production Amid Anti-Theft Drive
The Nigerian National Petroleum Company Limited (NNPCL) recently announced with much optimism that the country’s crude oil production could rise ...
Middle East Tensions Spark Oil Price Surge
The rise in crude oil prices can be attributed to the rising tensions that are currently being witnessed within the ...
A Game-Changer or a Drop in the Bucket? Unpacking Nigeria’s Crude Oil Naira Sales
This morning, I received some bad news: NNPC has formally invoked a "family planning" system for distributing petrol products. To ...
Putin Warns of Dollar’s Demise if Middle East Oil Producers Switch Currencies
Russian President Vladimir Putin has declared that if Middle Eastern oil producers abandon the US dollar in their transactions, it ...
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