Equity markets have erased early gains to trade in the red on Thursday, as investors take a cautious approach ahead of Friday's jobs report.
The Nigerian National Petroleum Company Limited (NNPCL) has discovered 395 illegal oil refineries among other illegal assets.
The Federal Government is set to re-open the Trans Niger Pipeline which has a production capacity of 180,000 barrels of crude oil per day.
Global uncertainty concerning recession continued to dictate the price of crude oil and other global commodities
Stock markets aren't faring too badly on Thursday, which is arguably surprising considering how eventful the last 24 hours have been.
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.