44 h. ago FG approves 37 new crude evacuation routes to curb oil theft

From Adanna Nnamani, Abuja The federal government has approved 37 new crude oil evacuation routes across Nigeria to tackle oil theft and enhance transparency in the movement of crude to export terminals. The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, disclosed this at the 24th Nigerian Oil and […] The post FG approves 37 new crude evacuation routes to curb oil theft appeared first on The Sun Nigeria.

Politics

3 d. ago Oil prices sink below $67 as Iran backs off Strait of Hormuz retaliation

Global crude oil prices have plummeted below $67 per barrel, following Iran’s decision not to block the Strait of Hormuz in response to recent U.S. airstrikes, defusing fears of a global energy crisis and easing market volatility. After surging to $77.08 on June 19 amid rising Middle East tensions, Brent crude (Nigeria’s crude grade) fell […] The post Oil prices sink below $67 as Iran backs off Strait of Hormuz retaliation appeared first on The Sun Nigeria.

Politics

4 d. ago How citizens aid crude oil thieves in Niger Delta, Tantita boss reveals

Tribune Online How citizens aid crude oil thieves in Niger Delta, Tantita boss reveals The Executive Director of Technical Operations at Tantita Security Services Nigeria Limited (TSSNL), Capt. Warredi Enisuoh, has lamented the widespread culture of indifference among Nigerians as a key factor contributing to the persistent crude oil theft plaguing the Niger Delta, describing it as sabotage driven by apathy and economic desperation. Speaking during a lecture titled, […] How citizens aid crude oil thieves in Niger Delta, Tantita boss reveals Tribune Online

Politics

4 d. ago Aliens use sophisticated methods to siphon Nigeria’s crude oil –Tantita

From Joe Obukata Ogbodu, Warri The Executive Director (Technical Operations), of Tantita Security Services Limited, Capt. Warredi Enisuoh, has revealed how foreigners were coming from neighbouring countries Niger Republic to steal Nigerian oil with unmarked tankers. Captain Enisuoh, disclosed this over the weekend during the commissioning and handover of the permanent Secretariat of Nigeria Union […] The post Aliens use sophisticated methods to siphon Nigeria’s crude oil –Tantita appeared first on The Sun Nigeria.

Politics

8 d. ago FG, NEPZA, Dangote move to crash domestic prices of petroleum products

Tribune Online FG, NEPZA, Dangote move to crash domestic prices of petroleum products Federal government Committee on ‘One Stop-Shop’ on the sales of Crude in Naira, the Nigerian Export Processing Zones Authority (NEPZA) and Dangote Refinery & Petrochemicals Free Zone Enterprises have agreed to meticulously midwife the presidential directive on crashing domestic prices of petroleum products to enhance national energy security, and promote economic growth. While paying a […] FG, NEPZA, Dangote move to crash domestic prices of petroleum products Tribune Online

Events

1 week ago Nigeria eyes FX relief as oil prices surge on Middle East escalation

Boom! Brent crude is climbing again, and Nigeria’s foreign exchange market just might be able to catch its breath, at read more Nigeria eyes FX relief as oil prices surge on Middle East escalation

Politics

2 w. ago Crude export earnings drop to N12.96trn in Q1 amid refining hurdles

Nigeria’s crude oil export earnings fell to N12.96 trillion in the first quarter (Q1) of 2025, as reports emerged that some local refineries were grappling with limited access to feedstock for their operations. The latest figures represent a decline of N2.53 trillion or 16.34 percent compared to the N15.49 trillion recorded in Q1 2024. When […] The post Crude export earnings drop to N12.96trn in Q1 amid refining hurdles appeared first on The Sun Nigeria.

Politics

2 w. ago Petrol Pump Prices May Not Rise In Nigeria Despite Hike Int’l Market Rate

There are reports indicating that pump price of petrol in Nigeria may not go up despite a sharp rise in the price of crude in the international market. Despite being an oil-producing nation, Nigeria relies heavily on imported petroleum products. This means that any rise in global oil prices is directly reflected in local fuel […]

Politics

2 w. ago Israel/Iran Conflict Boosts Nigeria’s Crude Grades To Nearly $80/b

Heightened geopolitical tensions stemming from the escalating conflict between Israel and Iran has pushed Nigeria’s flagship crude oil grades, including Bonny Light and Escravos Light, close to the crucial $80 per barrel mark, reports showed on Friday. Brent crude futures jumped nearly 8 per cent on Friday, reflecting growing worries about an escalation in conflict […]

Politics

3 w. ago Nigeria exports first oil shipment from Otakikpo onshore terminal

Export of crude oil started from Nigeria’s Otakikpo onshore terminal, an expandable $1.3 billion facility that is projected to mark read more Nigeria exports first oil shipment from Otakikpo onshore terminal

Politics

4 w. ago Nigeria’s Dangote refinery buying more and more US crude oil

Where does a giant refinery in Nigeria, Africa’s largest oil producer, go to source the raw materials it needs to read more Nigeria’s Dangote refinery buying more and more US crude oil

Politics

4 w. ago Nigeria’s First Indigenous Onshore Terminal, Otakikpo, Begins Export With Shell Cargo

Shell has successfully loaded the first crude oil cargo from Nigeria’s new $400 million Otakikpo onshore terminal, marking the commencement of exports from the facility developed by indigenous marginal field operator Green Energy International Limited (GEIL). Located in the OML 11 block southeast of Port Harcourt, Rivers State, the Otakikpo terminal is Nigeria’s first privately […]

Transport

4 w. ago Niger courts Dangote Group’s partnership to unlock crude oil potential

From Emmanuel Adeyemi, Lokoja With its proven expertise in the energy sector, the Dangote Group is well-positioned to contribute significantly to the exploration and development of recently discovered oil blocks in Niger State’s Bida Basin. Addressing industry leaders at the Dangote Special Day event at the Niger National Trade Fair in Minna, Governor Umaru Muhammed […] The post Niger courts Dangote Group’s partnership to unlock crude oil potential appeared first on The Sun Nigeria.

Politics

last month Oando contributes $550 million crude prepayment to NNPC’s Project Gazelle

Oando Plc, has announced a $550 million crude prepayment contribution to the Nigerian National Petroleum Company’s (NNPC) Project Gazelle. The read more Oando contributes $550 million crude prepayment to NNPC’s Project Gazelle

Economics