Latest Oil and Gas News
Oil production: Nigeria leads Q1 shortfall, World Bank cites sabotage
The World Bank has said Nigeria has the largest shortfall among oil-producing…
Nigeria’s crude oil production rigs drop by 37.5%, says OPEC
The number of functional crude oil production rigs in Nigeria decreased by…
Dangote Refinery’ll reduce import bill by 40% – Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, says Dangote…
Reps allege cover-up on refineries, summon Sylva, Kyari
The House of Representatives’ Ad Hoc Committee on the State of Refineries…
Oil price rises as OPEC projects steady demand growth
Brent, the global benchmark for crude oil, rose marginally in price on…
Vandalism, others push oil firms’ bank borrowing to N5.68tn
The combined bank borrowing of oil firms operating in the downstream and…
Fuel subsidy puts Nigerian economy at high risk –World Bank
The World Bank says increasing fuel subsidy puts the Nigerian economy at…
External reserves loses $313m as oil price fluctuates
NIGERIA’S external reserves fell by $313m in March, according to figures obtained…