Browsing: Energy

The Nigerian National Petroleum Company Limited (NNPC) is ending its exclusive purchasing deal with Dangote Refinery, paving the way for other fuel marketers to source petrol…

Nigeria’s oil futures, Brass River and Qua Iboe, recorded gains, climbing above $80 per barrel, amid escalating geopolitical tensions and global economic uncertainty. Brass River, a…

The three largest U.S. oil companies — Exxon Mobil Corporation, Chevron Corporation and ConocoPhillips — revealed that they collectively paid more than $42 billion to foreign…

The naira hit a new record low on Tuesday on thin dollar liquidity, amid concerns over political stability The Nigerian government is counting on oil to…

The Federal government says it started sales of crude oil in naira on October 1. Wale Edun, minister of finance and coordinating minister for the economy,…

After 64 years of independence and over six decades of oil exploration, crude oil accounts for less than 10 percent of Nigeria’s GDP but represents about…

Major Energies Marketers Association of Nigeria has expressed its unwavering support for the recent tax incentives introduced by the federal government to attract investments in the…

Nigeria’s crude oil production fell by 40,000 barrels per day (bpd) in September, further deepening its ongoing struggles to meet its OPEC production quota. According to…

African oil-producing nations have secured 45 per cent of the initial $5 billion required to establish the Africa Energy Bank (AEB), aimed at financing oil projects…

African oil-producing nations have secured 45 percent of the initial $5 billion required to establish the Africa Energy Bank (AEB), aimed at financing oil projects across…