crude oil

Afreximbank arranges syndicated $3.3bn crude oil prepayment facility

AFRICAN Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National…

1 year ago

Afreximbank, UBA announce of $2.25 billion syndicated crude oil repayment facility

African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National…

1 year ago

Dangote Refinery set for production, receives 6th batch of one million barrel crude oil

DANGOTE Refinery appears set to commence production of refined petroleum products with the receipt of the sixth batch of barrels…

1 year ago

Nigeria boosts OPEC’s December crude oil production by extra 50,000 bpd —Report

The Organisation of Petroleum Exporting Countries (OPEC) crude oil production maintained a steady production of crude oil with an average…

1 year ago

Missing 48m crude oil barrels: Coalition condemns fresh allegation attempt against NNPCL

A Coalition of Civil Society Groups has condemned in strong terms any fresh attempt by anyone to raise allegation on…

1 year ago

Nigeria’s earnings from crude oil to drop in 2024 — CBN Governor

Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that the nation’s earnings from crude oil would…

1 year ago

Crude oil production, price benchmark for 2024 budget realistic — NNPCL

The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has assured that the projections on crude oil production and price benchmark…

1 year ago

Nigeria’s refining output drops by 92 percent in ten years

Nigeria's refined crude output dropped by 92 per cent between 2012 and 2022, the 72nd edition of the Energy Institute’s…

1 year ago

Militant group threatens crude oil exploration shutdown in Niger Delta

A militant group, the Reformed Niger Delta Avengers (RNDA), has threatened to shut down crude oil exploration activities in the…

2 years ago

PIA fallout: NUPRC intervenes to suspend shutdown of Otumara flow station

The shutdown of Otumara Flow Station, operated by Shell Petroleum Development Company (SPDC), which would have cost Nigeria 20,000/bpd crude…

2 years ago

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