Crude Oil – Page 2 of 4 – Prime Business Africa

FG Loses N249bn To Decline In Crude Output, Fuel Hike Drops PMS Consumption

In July 2023, Nigeria’s total crude oil production fell to 33.5 million barrels, resulting in about N249 billion or $320.4 million lost last month, worsening the Federal Government’s revenue problem in the

Fakoyejo Olalekan

August 21, 2023

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

NNPC Discovers Oil Thieves’ Sophisticated Equipment Siphoning Crude

The equipment of suspected oil thieves on oil mining lease (OML) 18, was discovered by the Nigerian Navy and the Nigerian National Petroleum Company (NNPC) Limited on Tuesday, 11 July 2023. This

Fakoyejo Olalekan

July 17, 2023

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Business·Oil & Gas

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Nigeria earned at least $104.58 million daily from crude oil in February 2023, as Africa’s largest oil producer pumped 1.3 million barrels per day. The 1.3 million barrels produced daily last month

Fakoyejo Olalekan

March 10, 2023

Concerns For Nigeria's Oil Market As Over 60 Million Barrels Remain Unsold

Business·Oil & Gas

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Despite Nigeria claiming the spot of the largest crude oil producer in Africa, it failed to meet its quota in January 2023, as agreed with members of Organisation of the Petroleum Exporting

Fakoyejo Olalekan

February 1, 2023

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Nigerian National Petroleum Company (NNPC) Limited said it remitted earnings from the 17.877 million barrels of crude it exported contrary to allegations against the firm. According to several reports quoting the Auditor

Fakoyejo Olalekan

January 6, 2023

Oil & Gas

Crude Oil Production Rises, Nigeria Risk Losing $23 billion

Nigeria’s crude oil production has increased to 1.59 million barrels per day, according to the Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti. The figure provided

Fakoyejo Olalekan

December 12, 2022

Business·Oil & Gas

Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers

In the third quarter of 2022, Spain was the biggest buyer of Nigerian crude oil, with India, France, Netherlands, Indonesia and the United States completing the top five. According to the foreign

Fakoyejo Olalekan

December 9, 2022

Business·Oil & Gas

NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves

The Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, said Nigeria loses 700,000 barrels per day to oil thieves. Wunti stated that the Federal Government had

Fakoyejo Olalekan

December 8, 2022

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Currency

Govt Must Tackle Oil Theft To Stabilise Forex Rate, Reserves – Emefiele Reveals

For Nigeria’s foreign reserves to rise and stabilise forex rate, the Federal Government must conclusively address the persistent challenge of oil theft, Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele,

Fakoyejo Olalekan

November 29, 2022

Business·Oil & Gas

NNPC Boss, Kyari, Receives Death Threat, Amid Firm’s Disagreement With El-Rufai

The Group Managing Director (GMD) of the Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has claimed that his life is under threat. Kyari said some persons are threatening his life due

Fakoyejo Olalekan

November 9, 2022

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Crude Oil - Page 2

FG Loses N249bn To Decline In Crude Output, Fuel Hike Drops PMS Consumption

NNPC Discovers Oil Thieves’ Sophisticated Equipment Siphoning Crude

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Crude Oil Production Rises, Nigeria Risk Losing $23 billion

Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers

NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves

Govt Must Tackle Oil Theft To Stabilise Forex Rate, Reserves – Emefiele Reveals

NNPC Boss, Kyari, Receives Death Threat, Amid Firm’s Disagreement With El-Rufai

Featured Stories

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe [Editorial]

Survey: 65.8% Respondents Want Interest Rate Cut As CBN Holds MPC Meeting

BBNaija Season 9: See Full Housemates, Pairs List

Dangote’s Frequent Price Cuts And Ripples Of Intense Competition In Nigerian Fuel Market

Latest News

Manufacturers’ VAT Rises 39% To N803.5bn Despite Low Output

Beta Glass Reduces Impact Of Cost On Revenue As Turnover Rises 63.37%

CBN Gives Banks October 31 Deadline To Comply With Payment Messaging Standard

Human Rights Group Urges Tinubu to Halt Premature 2027 Campaigns, Tasks INEC on Electoral Integrity

APC Campaign Council

Categories

Suggestions

Crude Oil - Page 2

Follow Us

Featured Stories

Latest News

APC Campaign Council

Categories