nigeria oil news

Africa’s largest oil producer could see oil production fall by 35 percent as low oil prices and regulatory uncertainty threaten to prompt oil majors to postpone final investment decisions. OPEC member Nigeria is the largest oil producer in Africa and it pumped 1.776 million barrels of oil per...

The Nigerian National Petroleum Corporation (NNPC) said on Wednesday it realised about $626.62 million from crude oil and gas export for September 2018. The NNPC spokesperson, Ndu Ughamadu, in a statement made available to PREMIUM TIMES, said the revenue was realised under NNPC’s US dollar...

Unlike 2017, the Christmas holidays have proceeded without long fuel queues that usually mar the period. But this has come at a huge cost. Since March this year, the Nigerian National Petroleum Corporation has maintained that daily consumption of petrol has risen to more than … Read more...

Former Minister of Aviation, Femi Fani-Kayode has said he rift between the Minister of State for Petroleum , Dr. Ibe Kachikwu and the NNPC GMD, Baru is not a surpirse under the administration of President Muhammadu Buhari. The PDP chieftain said Kachikwu should not be surprised 'as all...