Tag: Oil Export

Oil and Gas

Nigeria’s trade surplus hits ₦7.55trn on oil export boom

Nigeria’s merchandise trade surplus surged to N7.55 trillion in the first quarter of 2026, representing a 340.88 per cent increase from the N1.71 trillion recorded in the preceding quarter, driven by stronger crude oil exports and a sharp decline in import spending. New data released by the National Bureau of Statistics showed that total merchandise […]

16 missing as oil tanker capsizes off Oman coast
News

16 missing as oil tanker capsizes off Oman coast

At least 16 crew have been declared missing after a Comorian-flagged oil tanker capsized off Oman on Monday, the sultanate’s Maritime Security Centre (MSC) said, adding that a search was underway for survivors. The MSC, which is run by the Omani defence ministry, did not specify the cause of the capsize.In a post on social […]

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

NUPRC confirms take over of oil export terminals

The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission has announced that they have taken over the regulation and monitoring of activities of the nation’s crude oil export terminals. AmBusiness reported that the Chief Executive Officer of NUPRC, Mr. Gbenga Komolafe said this in an interview with Arise TV on Tuesday. Komolafe claimed that […]