Nigeria’s oil sector, the lifeblood of its economy, is grappling with a burgeoning crisis as a staggering 92 million barrels ...

International Oil Companies (IOCs) operating in Nigeria have continued to bypass direct crude oil supply to local refineries, ...

Bureau De Change (BDC) operators in Lagos reported that the local currency was being sold at N1,610 per dollar, up from ...

Indonesia, one of Nigeria's key crude oil buyers, has concluded plans to reduce purchases from Nigeria and increase its ...

In continuation, he reiterated that the unit must work together to support the administration of President Bola Ahmed Tinubu ...

Despite Nigeria’s heavy reliance on crude oil, which accounts for 76 percent of national revenue, the price of a barrel of ...

International Oil Companies (IOCs) operating in Nigeria continue to bypass direct crude supply to local refineries, even as the country grapples with an estimated 60 million barrels of stranded crude ...

Asian and Mediterranean nations emerged as the leading destinations for Nigerian crude oil exported by International Oil ...

Nigeria’s oil export revenues may be facing a significant threat as Indonesia, one of its key crude oil importers, plans to ...

Shamseldeen Ogunjimi, accountant-general of the federation (AcGF), says the nation’s excess crude account (ECA) balance is ...

Shamseldeen Ogunjimi, accountant-general of the federation (AGF), says the nation’s excess crude account (ECA) balance is ...

About 60 million barrels of Nigeria's crude oil are currently stranded and floating at high seas with no buyers, while ...