Oil & Gas
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Oil Prices Set for Another Weekly Gain, as Gabon Coup Throws Market in a Brief Bull Run
Several global factors are pushing oil prices towards an upward trajectory this week. The political tension in Gabon, fuelled by…
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Oil and gas stocks post massive returns after fuel subsidy removal
Just three months following the “subsidy has been removed” directive and the unification of the exchange rate, businesses, sectors, industries,…
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Nigeria still losing 400,000 barrels of crude oil daily – NSA
The National Security Adviser (NSA), Malam Nuhu Ribadu, says the country is still losing 400,000 barrels of crude oil daily…
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Crude Oil Outlook Brightens as Forcados Terminal Resumes Export
In a potential rebound from the decline witnessed in July, Shell has announced that the Forcados export terminal has resumed…
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Forex crisis: NNPCL secures $3bn loan to stabilise naira
The Nigerian National Petroleum Corporation Limited has secured a $3 billion crude repayment loan to support the naira and stabilise…
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Crude Oil Production Caves Despite FGN’s Oil Theft Interventions
Reversing the gains recorded in June, Nigeria’s total oil production dropped by 12.56% month-on-month (M-o-M) from 1.48 million barrels per…
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Nigeria’s oil production declines 13.6% to 1.08mbpd
Nigeria’s oil production in the month of July 2023 fell by 13.6 percent to an average of 1.08 million barrels…
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Local content: Nigeria lost $380b to capital flight in oil & gas for 50 years — NCDMB
Dearth of skills in the nation’s oil and gas sector led to over $380billion loss in revenue for over a…
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Threats to Nigeria’s Dwindling Oil Revenue Worsens
Nigeria’s crude oil production has been insufficient to generate the required oil export revenues over the last few months of…
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Reps direct NNPC Limited to suspend OVH acquisition, probe deal
The House of Representatives has asked the Nigerian National Petroleum Company Limited (NNPCL) to suspend the acquisition of OVH Energy…
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