Oil prices rose on Tuesday as concerns over supply disruptions mounted amid escalating tensions between Russia and Ukraine, while investors also weighed the impact of […]
Tag: Crude Oil
Troops Seize Over N869 Million Worth of Stolen Petroleum Products, Destroy Illegal Refining Sites in Niger Delta
Troops engaged in operations against oil thieves and bunkerers in the Niger Delta region have seized N869,283,765.00 worth of stolen petroleum products over the past […]
Federal Government Confirms Crude and Refined Product Sales in Naira Policy to Continue Indefinitely
The Federal Government has confirmed that the Crude and Refined Product Sales in Naira initiative remains a standing national policy, with no end date in […]
Troops Eliminate 96 Terrorists, Arrest 227 in Northern Operations
The Defence Headquarters (DHQ) reported on Friday that military troops killed 96 terrorists and arrested 227 suspects during operations in Northern Nigeria. Among those captured […]
Naira-for-Crude Deal with Dangote Refinery Set to Last Six Months
The Nigerian National Petroleum Company Limited (NNPC) has initiated a naira-for-crude deal with the Dangote Petroleum Refinery, set to last for six months in its […]
FG to Supply 400,000 Barrels of Crude Daily to Dangote Refinery in Naira-for-Oil Deal
The Federal Government is set to supply up to 400,000 barrels of Nigerian crude oil daily to the Dangote Refinery under a new naira-for-crude arrangement. […]
25 Suspected Oil Thieves Arrested in Niger Delta Crackdown
Security operatives have arrested 25 individuals suspected of crude oil theft within a week in the Niger Delta, according to a recent documentary by the […]
Nigeria Leads African Oil Production with 1.61mbpd Output, NUPRC Reports
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Nigeria remains the dominant crude oil producer in Africa, with a daily output of 1.61 […]
ANRPM Seeks NSA’s Support to Combat Oil Theft in Niger Delta
The Association of Nigeria Refinery and Petroleum Marketers (ANRPM) has called for collaboration with National Security Adviser Nuhu Ribadu to eliminate oil theft in the […]
Nigeria to Ensure Sustainable Crude Supply to Local Refineries
The Federal Government and Nigeria’s crude oil producers have agreed to secure a sustainable supply of crude oil to local refineries under a market-determined pricing […]