Browsing Category
Commodities
Nigeria’s Oil Output is Under Danger Due to Disruptions-EIA
The Energy Information Administration (EIA), a US agency, has stated that disruptions in Nigeria's oil production…
Food Export Rejection: Nigeria Sets Up Quality Center, Attempts To Reverse N539…
In December 2022, Prof. Benedict Oramah, the chairman of the African Export-Import Bank (Afrixembank), revealed…
FG Approves Two Oil Export Terminal Licenses with a $11 billion Budget.
The Federal Government granted and signed permits for the construction of two crude oil export terminals, which…
Sesame exports from Nigeria show slight growth.
Sesame seed exports from Nigeria have been ranging between 140,000 and 180,000 tonnes for a while.
According to…
Marketers Struggle to Get N10 billion for New Purchases of Fuel.
The Nigerian National Petroleum Company Limited has a new financial need of around N10 billion to cover the cost…
Marketers Claim that Subsidy Removal has Increased Depot Gasoline Prices.
Since May 29 when subsidies were formally eliminated, gas prices at the pump have climbed by more than 100%. On…
As Saudi Arabia Reduces Production, OPEC Increases Nigeria’s Oil Supply.
On Sunday, OPEC+ members and non-members agreed to reduce crude oil production levels in order to maintain the…
Removal of subsidies: Petrol shortage intensifies; black market prices N800/litre
Oil marketers closed their doors to vehicles after President Bola Ahmed Tinubu's inaugural address on Monday, in…
NNPCL Subsidiary Earns N256 billion in Sales – Report
The Nigerian National Petroleum Company Retail Limited, a retail component of the NNPC Limited group, earned…
NNPCL, CNOOC, and SAPETRO renew oil production contracts in OML 130.
The Nigerian National Petroleum Company Limited announced the renewal of the Oil Mining Lease 130 Production…
OPEC chief warns that global oil output is decreasing.
Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries, has warned that world…
Buhari begins oil drilling in the Chad Basin.
The oil drilling campaign in Wadi-B potential, Chad Basin, Tuba Community, Jere Local Government Area, Borno…
Oil prices stay constant as US reserves increase.
Brent crude increased 2 cents, or 0.7%, to $74.42 a barrel on the futures market. The price of West Texas…
Oil theft and shutdowns cost Nigeria N313 billion, and operators call for harsh…
Nigeria's oil production output has drastically decreased as a result of rising oil thefts and labor unrest,…
The Nigerian President’s Order has Delayed the Return of the Benin Bronzes.
A presidential decree naming a royal ruler as the owner and custodian of all returned artifacts caused a British…
Nigeria’s April Oil Production Fell Below 1mln bpd.
Following a strike at Exxon Mobil's local facilities, Nigeria's oil production dropped below 1 million barrels per…
Nigerian Oil Production Falls for First Time in Seven Months.
Nigeria's crude oil production fell by 38,102 barrels per day in March, a cumulative monthly loss of about…
FG Eliminates the 5% Telecom Tax Exemption.
According to reports, the federal government will move forward with the introduction of a 5% excise tax on mobile…
A Tomato Shortage is Imminent as Farmers Lose N1.5 billion to Pest Disease.
Over 500 farmers lost a 300-hectare field worth N1.5 billion to the tomato Ebola known as "Tuta Absoluta," which…
Ioc: Nigeria Lost N2.3tn Revenue to Oil Theft in a Year.
Due to problems with pipeline vandalism and the ensuing oil theft, Nigeria lost the chance to produce and export…
NNPCL: AKK Pipeline Construction Gulped $1.1bn.
According to Mele Kyari, group chief executive officer of NNPC Ltd., the Nigerian National Petroleum Company…
Kyari: NNPC Deepens Investments in AKK, OB3, Others.
The Ajaokuta-Abuja-Kano-Kaduna (AKK) gas pipeline and the OB3 gas interconnector will accommodate five billion…
Nigeria Produces 75% of Budget Target in Q1 Despite Low Oil Production.
Despite its difficulties, Nigeria was still able to produce 115 million barrels of crude oil in the first quarter…
Russia Increases Gasoline Exports in Q1 and Replaces European Consumers With…
Following the European Union's boycott on Russian goods on February 5, Russia increased exports of the motor fuel…
Despite Receiving N6tn in Subsidies, Fuel Prices have Increased by 81%.
According to National Bureau of Statistics figures analyzed by our correspondent, the cost of Premium Motor…
Russia Declares a 700,000 Bpd Reduction in Oil Production in March.
According to Bloomberg, Russia claims to have reduced oil production by 700,000 barrels per day in March,…
NCAN: Cashew Production in Nigeria can Generate Over $2.7 billion Annually.
According to Mr. Joseph Ajanaku, President of the National Cashew Association of Nigeria (NCAN), Nigeria could…
Worldwide Food Costs Decreased by 2.1% in March.
The UN Food and Agricultural Organization stated that in March, global food prices fell for the 12th month in a…
The East Coast Refineries Get Rare Cargoes of Forties Crude.
The latest indication that Russia's invasion of Ukraine is altering global oil supplies is that U.S. and Canadian…
Senate Indicts NNPCL for Withholding Information on N102 billion.
The Nigerian National Petroleum Corporation Limited (NNPCL) was indicted by the Senate for failing to submit…