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 ...

Nigeria's crude oil production has fallen from 1.5 million barrels in January to 1.40 million barrels daily, from 1.465 in ...

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 ...

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 ...

Nigeria retained its position as the largest crude oil producer in Africa despite a decline in the country's output in March, ...

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

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 (AGF), says the nation’s excess crude account (ECA) balance is ...

Nearly 60 million barrels of Nigerian crude oil were left stranded and unsold, floating on the high seas, as IOCs continued ...