Oil
Nigeria Boosts Oil Export Capacity with 365,000 bpd Otakikpo Terminal
The Federal Government has commissioned the $400 million Otakikpo Oil Export Terminal in Rivers State to address crude evacuation challenges and expand Nigeria’s...
FG Launches Forensic Audit of NNPC Amid Leadership Shake-Up
Signaling a commitment to transparency and efficiency within Nigeria’s crucial oil sector, the Federal Government has initiated a forensic audit of the Nigerian...
Nigeria to Establish National Strategic Petroleum Reserve Amid Fuel Security Push
In a move aimed at fortifying its energy security and shielding its economy from the volatility of international markets, Nigeria has announced plans...
Nigerian Firm Walcot Group Secures Major Angolan Oil Deal, Eyes Billion-Barrel Potential
In a move that underscores the growing influence of Nigerian energy companies in Africa, Walcot Group has finalized a production sharing contract (PSC)...
DYK: Nigeria’s Energy Vault has 37.28bn Barrels of Oil, 210.54 TCF Gas Declared
Did you know that in a landmark declaration that positions Nigeria as a formidable force in the global energy landscape, the Nigerian Upstream...
Naira Plummets to N1,600: CBN Blames Global Economic Shifts, US Tariffs
The Nigerian naira has experienced a sharp decline, reaching approximately N1,600 to the US dollar, a development the Central Bank of Nigeria (CBN)...
Nigeria’s Economy Poised to Weather US Tariff Storm, Analysts Predict Minimal Impact
Despite recent trade policy shifts announced by the United States, economic analysts suggest Nigeria’s economy is unlikely to experience significant disruption. Reports from...
Bayelsa Communities Issue 14-Day Ultimatum, Threaten Oil Production Shutdown Over Contract Dispute
Nigeria’s crucial oil production faces a significant threat as host communities in Bayelsa State have issued a 14-day ultimatum to NNPC Exploration &...
39 Arrested, 18 Illegal Refineries Destroyed By Soldiers
The Nigerian Army’s 6 Division has reported the arrest of 39 suspected oil thieves and the destruction of 18 illegal refineries in a...