Nigeria can hit 1.9 million bpd crude oil production — NUPRC
The Nigerian Upstream Petroleum Regulatory Commission has expressed confidence that Nigeria can increase crude oil production to 1.9 million barrels per day,…
Oil and Gas
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NNPCL renews methane detection deal with TotalEnergies
The Nigerian National Petroleum Company Limited has renewed its partnership with TotalEnergies to continue the deployment of advanced methane detection technology across…
Oil prices hit lowest since US-Iran war
Oil prices fell sharply on Thursday, dropping to their lowest levels since the outbreak of the US-Iran conflict, as an interim agreement…
Petrol imports jump 59.5% in May — NMDPRA
Nigeria recorded a sharp rise in petrol imports in May 2026, as oil marketers increased foreign purchases despite growing contributions from local…
Oil prices slide below $80 on US-Iran peace hopes
Global oil prices extended their decline on Tuesday, falling to their lowest levels in about three months as investors reacted positively to…
Oil, gas, banking stocks drag market into bearish mode
The Nigerian equities market relapsed into a bearish mode on Monday, June 15, 2026, as investors resumed profit-taking in oil and gas…
Oil prices fall as US-Iran deal reopens Hormuz Strait
Oil prices fell sharply on Monday while global equities rallied after the United States and Iran announced a deal to end their…
Nigeria’s domestic gas sales rise 30% on PIA reforms — Report
Nigeria’s domestic gas market recorded a significant increase in sales, rising by about 30 per cent between January 2022 and January 2025,…
Petrol may fall to ₦900/litre amid US-Iran truce — Marketers
The price of Premium Motor Spirit (petrol) may drop to as low as N900 per litre in the coming days if the…
Criminals pose as FG taskforce to steal nine kilometres pipeline — NNPCL
The Nigerian National Petroleum Company Limited has uncovered a disturbing trend in the country’s worsening pipeline vandalism crisis, revealing that well-equipped criminal…
Oil prices rise as US strikes on Iran raise supply fears
Oil prices werme volatile on Wednesday following U.S. military strikes on Iranian targets, heightening fears that escalating tensions could disrupt shipping through…
Nigeria’s crude oil exports hit ₦11.2trn in Q1
Nigeria’s crude oil exports rose to N11.20 trillion in the first quarter of 2026, reinforcing the commodity’s position as the country’s largest…