Lawmakers in Nigeria have expressed concerns over the incessant crude oil theft witnessed in the country as Nigeria's debt reaches an all-time high of N42.84trn.
Lagos state government, the controller of two major sea ports in Nigeria, has revealed plans to reduce Nigeria’s dependency on crude oil by promoting the exportation...
Despite the strong U.S. dollar and slowing demand for crude oil, the price of the commodity pulled back on Monday during the New York trading session.
Between January and June 2022, the Nigerian government expended N12.43 billion on pipeline protection and maintenance
Between January and July 2022, Nigeria's oil-producing states received N377.9 billion from the 13 percent oil derivation fund.
Federal Government N2.6 trillion revenue from international oil companies and other players in the extractive industry ecosystem.
Global oil prices scaled back on Wednesday following European Central Bank's (ECB) pledge to raise interest rates even further to rein in inflation.
Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) threatens to embark on a nationwide strike amid rising crude oil theft.
For the first time in five years, Nigeria lost its crown as Africa’s largest oil producer to Angola.
Nigeria's oil production dropped by more than 10 percent below the one million mark in August