OPEC+ Expected to Maintain Current Oil Output Levels
OPEC+ ministers are expected to maintain current oil production levels in their upcoming online meeting. Analysts cite market uncertainty and Ukraine conflict impacts on prices. Read more.
Category : Search result: crude oil prices
Ogoni Lament FG Silence After Oil Resumption Report
Ogoni communities express frustration over Federal Government's silence months after receiving crucial committee report on potential oil exploration resumption in Ogoniland.
OPEC+ 2025 Oil Output Policy: A Review
OPEC+ surprised markets in 2025 by hiking oil production. Discover how this strategy fared, the role of Trump's return, and what's next for global oil prices.
Edo Govt Denies Revoking Presco Land Rights
Edo State government refutes an unauthorised notice revoking Presco Plc's land rights. Read the official statement and analysis on the state's commitment to investor protection.
Reps Demand EFCC Account for Seized Crude Oil
House of Representatives committee presses EFCC for full details on crude oil seizures and sales under Naira-for-Crude Policy. Hearing adjourned to December 4.
Food Prices Drop: Beans, Garri, Maize Get Cheaper
NBS reports significant price drops for beans, garri, maize, and tomatoes in September 2025. Discover state-by-state variations and mixed trends for rice and beef.
Rivers remains key oil investment hub - Fubara
Governor Siminalayi Fubara assures investors Rivers State is secure and open for oil and gas business. Discover opportunities in Nigeria's hydrocarbon heartland.
Scientific Research Guides Nigeria's Oil Production
Dr Omonigho Khalin Egbo's geochemical studies provide crucial data for Nigeria's energy security and revenue growth. Discover how his findings are shaping national oil policy.
NNPC Posts N5.4trn Profit, Reveals $60bn Investment Plan
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
Naira weakens to N1,456.72/$ as economy faces pressure
Naira depreciates by 0.98% to N1,456.72/$ amid dollar demand and structural challenges. Nigeria's foreign reserves rise to $44.12 billion despite oil price decline. Learn more about the economic outlook.
PINL uses town criers to fight pipeline vandalism
Pipeline Infrastructure Nigeria Limited deploys local town criers to enhance security on the Trans Niger Pipeline. Vandalism attempts have dropped by 87% since 2022. Read more on this community-driven success.
Rice Prices Drop 40% in Nigerian Markets
Nigerian consumers rejoice as rice prices plummet from N95,000 to N55,000 per bag due to increased local production and imports. Traders face losses while experts warn the relief may be temporary.
US sanctions hit Lukoil's Bulgaria refinery operations
Bulgaria takes control of Lukoil's Neftochim refinery to avoid US sanctions. Learn how this affects fuel supply in Southeast Europe and the search for new buyers.
Reps Threaten Arrest in Naira-for-Crude Probe
The House of Representatives issues a 7-day ultimatum to MDAs, threatening arrest warrants for non-compliance with the Naira-for-Crude Oil policy investigation. Full details on the escalating standoff.
Memory Chip Crunch to Increase Gadget Prices
Shoppers face higher prices for phones and laptops as AI data centers consume memory chips. Experts warn of significant price increases through 2026. Learn how this affects Nigerian consumers.
US MOSOP: Exclude Ogoni from oil block bids
MOSOP USA calls for Ogoni oil blocks removal from bidding rounds to protect fragile peace process. Federal Government urged to prioritize reconciliation before oil resumption.
Nigeria Oil Production Hits 1.7m bpd After Reforms
Nigeria's oil production exceeds 1.7 million barrels daily as NUPRC reforms gain international support. Discover how Komolafe's leadership is driving sector recovery.
Reps Panel Vows to End Oil Revenue Leakages
House of Representatives committee pledges to halt massive revenue losses in Nigeria's oil and non-oil export sectors, aiming to recover billions lost annually through systemic leakages.
Local Refiners Demand Crude Price Regulation in Nigeria
Nigerian petroleum refiners urge government intervention on crude oil pricing and supply challenges. CORAN seeks regulatory protection to compete against importers.
Dangote Refinery: We Caused Fuel Price Cut, Not Government
Dangote Petroleum Refinery clarifies it initiated recent pump price reductions, not government tariff reversals. Learn how their November 6 price cuts impacted market dynamics across Nigeria.
Emadeb Records First Oil Production from Ibom Field
Emadeb Exploration and Production Company Limited has commenced commercial oil production from Ibom Field PPL 236, marking a significant milestone for Nigeria's upstream oil sector and indigenous operators.
Serbia's NIS oil firm faces shutdown amid US sanctions
Serbia confronts a winter energy crisis as US sanctions on Russian-owned NIS threaten oil supplies. President Vučić seeks to avoid confiscation of Russian shares. Read more.
Trump Lowers Tariffs on Beef, Coffee, Other Goods
President Trump signs order to lower US tariffs on beef, coffee, and other goods, aiming to address rising living costs. Learn about the new exemptions and their economic impact.
Stocks Struggle on US Rates, Tech Rally Fears
Global markets faced pressure as doubts over US Fed rate cuts and tech bubble fears grew. Oil prices rallied on Russian output risks. Get the full analysis for Nigerian investors.
FG Suspends 15% Import Duty on Petrol and Diesel
NMDPRA guarantees sufficient petroleum products during festive season, advises against panic buying as depots announce new prices. Stay informed on Nigeria's energy security.
Asian Markets Fall on Fed Rate, Tech Worries
Asian markets declined, mirroring Wall Street's selloff amid uncertainty over the Federal Reserve's December rate decision and growing speculation of a tech bubble.
NUPRC's 2025 Oil Licensing Round Ignites Confidence
Nigeria's 2025 oil licensing round announced by NUPRC marks turning point for energy sector. Global investors show renewed interest as reforms boost transparency and production targets.
IEA: Global Oil Supply Outstrips Demand in 2026
The International Energy Agency reports a growing oil supply surplus, forecasting a 4 million bpd oversupply by 2026. Discover the market implications for Nigeria.
Nigeria loses $15bn annually to oil theft
Experts reveal Nigeria loses $15 billion yearly to oil theft, undermining Tinubu's reforms and economic growth. Urgent action is needed to secure the nation's energy future.
Nigeria Opens 2025 Oil Licensing Round December 1
Nigeria's NUPRC launches 2025 oil licensing round on December 1, earning praise for transparency and potential to boost production beyond 2 million barrels daily.
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