Business
OpenAI board rejects Elon Musk-led buyout offer

Elon Musk loses mega lawsuit against OpenAI

  • 18th May 2026

NRS introduces single tax identity framework across Nigeria

  • 18th May 2026

US outlines visa requirements for 2026 W’Cup fans

  • 18th May 2026

NPA to host regional maritime talks on port

  • 18th May 2026

Contact Info

Some Populer Post

Oyedele unveils digital platforms to boost taxpayer complaint resolution

Business
OpenAI board rejects Elon Musk-led buyout offer

Elon Musk loses mega lawsuit against OpenAI

Business

NRS introduces single tax identity framework across Nigeria

Business

Lagos saves ₦118.32bn properties from fire outbreak in 2025

News

Tag: crude oil

NNPC, First E&P provide free healthcare in host communities
featured

NNPCL launches new crude grade, ships 1.9m/b in October

The Nigerian National Petroleum Company Limited announced on Tuesday that it has introduced a new crude oil grade called “Nembe” and that two 950,000 barrels of its maiden shipment had been sent in October. The Punch reported that the first cargoes of the new grade were sold to France and the Netherlands, according to a […]

Business

Boost economy by increasing oil production, expert tells FG

The Group Managing Director of Eterna Plc, Dr. Gabriel Ogbechie, has highlighted that raising Nigeria’s crude oil output is a way to address the country’s current economic problems. According to The PUNCH, he said these during a roundtable discussion at the 29th Edition National Economic Summit in Abuja. The discussion, under the title “Igniting Growth: Energy and […]

Oil and Gas

Crude oil stays at $90/barrel

Brent crude went up to $90 per barrel on Friday, October 13, according to a study of crude oil prices around the world, and it has remained above that level ever since. The Times reported that the price of a barrel of Brent crude as of Sunday morning, October 15 was $90.89. There are many causes for […]

Oil and Gas

NNPCL ends crude oil swap deal for petrol – Report

The Nigerian National Petroleum Company Limited has discontinued the crude oil exchange deal for petrol and has started using cash tenders for the purchase of fuel for the first time in ten years. According to Reuters, this change, which is consistent with President Bola Tinubu’s reform initiatives launched in May, intends to end expensive fuel subsidies […]

Oil production increases to 1.35m barrels/day
Oil and Gas

Oil production increases to 1.35m barrels/day

  By Wilson Adekumola Nigeria’s crude oil output reportedly rose to 1.35 million barrels per day in September 2023, as the country pumped its highest volume of crude oil this year. This was revealed in latest figures obtained from the Nigerian Upstream Petroleum Regulatory Commission on Wednesday, showing that the country’s output in September was […]

Oil production increases to 1.35m barrels/day
featured

23 oil blocks failed to produce crude in 2021 – NEITI

At least 23 oil blocks managed by both international and local oil firms failed to produce or remain inactive in 2021. This is according to a recently-released oil and gas industry report released by the Nigeria Extractive Industries Transparency Initiative. According to The PUNCH, these oil blocks operate under crude oil Production Sharing Contracts with […]

Army discovers stolen 1m litres crude oil in Rivers
Oil and Gas

148 crude oil theft reported in one week – NNPCL

There were 148 occurrences of crude oil theft registered between September 2 and August 8, 2023, according to the Nigerian National Petroleum Company Limited. This information was delivered via the company’s official Twitter account on Tuesday, September 12. According to NNPCL, a number of incidents were discovered during the specified time period, including the discovery of […]

Nigeria to end gas flaring by 2030 - NUPRC
Oil and Gas

Nigeria produced 1.4 million bpd of oil in August 2023 – NUPRC

Nigeria produced 1. 4 million barrels of crude oil per day, according to data from the Nigerian Upstream Petroleum Regulatory Commission. The Times reported that the figures show that in August, the production of crude oil was 1,181,133 barrels per day, the production of blended condensates was 49,306, and the production of unblended condensates was 184,225 […]

Oil companies get 26 divested licenses in 10 years
featured

FG failing to meet refineries’ crude oil demands – Operators

The Federal Government is not supplying the amount of crude oil needed for the modular refineries to produce refined petroleum products, according to the facilities’ operators. According to The Punch, it was also discovered that all of Nigeria’s operational modular refineries are currently operating below capacity and incurring daily losses. Modular refineries are more efficient and require […]

Crude hits $83 as Nigeria's export passes 1.4mbpd
Oil and Gas

How FG lost N1.9trn to oil theft in July – Report

Crude oil theft may have cost the country an enormous N1.9tn in revenue loss in July. The estimate was reached when the National Security Adviser, Nuhu Ribadu, led a presidential delegation to tour oil and gas installations at Owaza in Abia and Rivers State last week. According to Ribadu, Nigeria is losing 400,000 barrels of […]

Oil and Gas

Nigeria lost 165k oil barrels daily in five months – Report

Nigeria lost 165,000 barrels per day due to crude oil production disruptions between January and May 2023. The African Energy Chamber gave this information in its Q2 State of African Energy report, which was published in August 2023. According to the research, Nigeria’s unplanned outages from January through May cost the nation roughly 165,000 bpd […]

Business

Analysts predict crude oil won’t sell $90/barrel

Some oil market analysts have predicted that the price of crude oil is not anticipated to reach $90 per barrel this year due to factors like a decreased likelihood of deeper supply cuts by the Organisation of the Petroleum Exporting Countries and its allies and China’s record-high crude oil stocks. The price of Brent crude, which acts […]

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Email Us: [email protected]

ambusinessng @2025. All Rights Reserved.

Facebook-f Pinterest-p Youtube Instagram Linkedin-in