The federal government has revealed that Nine oil-producing states pocket N625.43 billion as 13 percent oil derivation, subsidy, and SURE-P refunds in just two years. This...
The official foreign exchange receipt from crude oil sales into Nigeria’s official reserves has dried up steadily from above US$3.0 billion monthly in 2014 to an...
Crude oil appreciated on Tuesday on signs global supply is declining amid better-than-expected optimism on Chinese economic recovery and a weaker dollar. But the likelihood that...
Brent crude oil, the international benchmark for oil Nigerian oil, declined by $2.16, or 2.6% to $81.47 a barrel during the Asian trading session after previously...
The ECB balance declined from $4.1 billion recorded in November 2014 to $472,513
The Group of Seven (G7) proposed to cap Russian crude oil at $65-$70 a barrel
Oil theft across the country reported that Nigeria lost $2 billion to oil theft in eight months.
Lagosians expressed concern about the region's impending fuel crisis
Nigeria's current oil reserves stood at 37 billion barrels
Lower U.S. oil inventories recorded last week bolstered global oil prices
