Oil & Gas
Nigeria Launches Export Skills Acquisition Centre to Boost Fashion E-commerce and Non-Oil Exports
The Federal Government has unveiled the Export Skills Acquisition Centre (ESAC) in Apapa, Lagos, aimed at positioning Nigeria to capitalize...
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Oil Prices Drop 2% as OPEC Lowers Demand Forecast for 2024
Oil prices fell by 2% on Monday after the Organisation of the Petroleum Exporting Countries (OPEC) revised its global oil...
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Nigerian Government Unveils ‘Buy Now, Pay Later’ Scheme to Promote CNG Adoption
The Nigerian government has introduced a "Buy Now, Pay Later" initiative to accelerate the adoption of Compressed Natural Gas (CNG)...
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Nigeria’s Oil and Gas Industry Owes $6.07bn and N66.4bn in Outstanding Revenues – NEITI Report
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that outstanding revenues owed to the Federal Government by the oil...
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CBN Allocates $2.97 Billion for Fuel Imports Amid Dangote Refinery Controversy
The Central Bank of Nigeria (CBN) has disbursed $2.97 billion to oil industry players for the importation of petroleum products...
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Nigerian Finance Minister Inaugurates Committee to Facilitate Crude Oil Sales to Local Refineries in Naira
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has inaugurated a technical sub-committee to develop a...
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NNPC to Boost Crude Oil Production to Two Million Barrels Per Day
The Nigerian National Petroleum Company Limited (NNPC) has announced its goal to increase crude oil production to two million barrels...
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Federal Executive Council Directs NNPC to Supply Crude Oil to Local Refineries
The Federal Executive Council has mandated the Nigerian National Petroleum Corporation (NNPC) to sell crude oil to local refineries, including...
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NNPC Plans to Borrow $2 Billion Crude Oil-Backed Loan to Boost Financial Inflows
The Nigerian National Petroleum Corporation (NNPC) is seeking to secure an additional $2 billion in crude oil-backed loans from international...
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TotalEnergies and NNPC Sign $550 Million Investment for Ubeta Gas Field Development
TotalEnergies, holding a 40% interest in the Oil Mining Lease (OML) 58 onshore license, alongside the Nigerian National Petroleum Company...
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