10 h. ago Dangote blames shortage of domestic crude oil for reliance on imports from US

Tribune Online Dangote blames shortage of domestic crude oil for reliance on imports from US The President of Dangote Group, Alhaji Aliko Dangote, has blamed shortage of domestic crude oil for the major reason Dangote refinery increasingly relied on imports from the United States to meet its needs in recent months. Dangote stated this during the tour of the facility by the Technical Committee of the One-Stop Shop (OSS) for […] Dangote blames shortage of domestic crude oil for reliance on imports from US Tribune Online

Politics

25 h. ago Oil could surpass $90 as Middle East tensions mount, Goldman, Barclays warn

Rising geopolitical tensions in the Middle East could drive Brent crude oil prices up by as much as $10 per read more Oil could surpass $90 as Middle East tensions mount, Goldman, Barclays warn

Events

51 h. ago NUPRC reviews crude oil export guidelines to enhance petroleum products tracking

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reviewed the guidelines for the advanced cargo declaration regime, a move aimed read more NUPRC reviews crude oil export guidelines to enhance petroleum products tracking

Politics

52 h. ago NUPRC unveils new guidelines for advanced cargo declaration to boost oil export transparency

From Adanna Nnamani, Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has released new guidelines for the Advanced Cargo Declaration regime, aimed at improving transparency, accountability, and efficiency in the nation’s crude oil and petroleum product exports. According to a statement by the Commission’s Public Affairs and Corporate Communication Unit on Wednesday, the guidelines were […] The post NUPRC unveils new guidelines for advanced cargo declaration to boost oil export transparency appeared first on The Sun Nigeria.

Transport

4 d. ago PICTORIAL: Navy Dismantles 5 Illegal Refineries, 21 Reservoirs In Rivers

Operatives of the Nigerian Navy Ship (NNS) PATHFINDER have dismantled five illegal refining sites in Ogba/Egbema/Ndoni local government area of Rivers State. The sites, which were used for massive illegal bunkering activities in the area, had 62 ovens, 21 reservoirs and 55 dugout pits containing approximately 50,000 litres of suspected stolen crude oil, 83,000 litres […]

Politics

4 d. 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

5 d. 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

6 d. 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

7 d. ago NNPC declares N5.89trn revenue, N748bn profits for April 2025

Tribune Online NNPC declares N5.89trn revenue, N748bn profits for April 2025 According to the document, NNPC’s crude oil and condensate production averaged 1.61 million barrels per day in April, while production figures for January, February, and March were 1.67mbpd, 1.62mbpd, and 1.56mbpd, respectively. NNPC declares N5.89trn revenue, N748bn profits for April 2025 Tribune Online

Politics

8 d. ago Lekoil completes first crude oil export from Otakikpo Onshore Terminal

Tribune Online Lekoil completes first crude oil export from Otakikpo Onshore Terminal “This terminal enhances our control over evacuation, strengthens delivery timelines, and ultimately positions us to scale production responsibly,” he said. Lekoil completes first crude oil export from Otakikpo Onshore Terminal Tribune Online

Politics

1 week 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

1 week ago Tinubu building digital skilled nation —Humanitarian Affairs Minister

Tribune Online Tinubu building digital skilled nation —Humanitarian Affairs Minister Ministry, DBI train 35 youths in digital skills THE Minister of Humanitarian Affairs and Poverty Reduction, Prof. Nentawe Yilwatda Gashwer, on Monday stated that President Bola Ahmed Tinubu’s administration is steadily building a nation where digital skills are exported like crude oil, and where citizens are no longer mere consumers of technology but its creators. […] Tinubu building digital skilled nation —Humanitarian Affairs Minister Tribune Online

Politics

1 week ago US Provides Third Of Dangote’s Crude Requirement In 2025 Supplies

United States (US) crude has accounted for a third of the purchases of the Dangote Refinery, since the beginning of the year, according to vessel-tracking data. The US has remained the lead supplier of crude to sustain operations of Dangote Oil Refinery. The refinery has increased volume purchase of US crude WTI despite the fact […]

Politics

2 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

2 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

2 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

2 w. ago Dangote Refinery to continue importing crude oil from US in July — Report

Tribune Online Dangote Refinery to continue importing crude oil from US in July — Report The 650,000-barrel-per-day refinery is set to bring in around... Dangote Refinery to continue importing crude oil from US in July — Report Tribune Online

Politics

3 w. ago Federal Govt’s 2.5m bpd Target Gets Boost As Firm Brokers Peace Among Ogoni Groups

Efforts by the federal government to recommence crude oil production in Ogoniland with capacity for 200,000 barrels per day has received a boost as Pipeline Infrastructure Nigeria Limited (PINL) on Friday brokered peace among warring factions in Bodo Community of Gokana local government area of Rivers State. The truce is also expected to significantly boost […]

Politics

3 w. ago Illegal bunkering: NNS SOROH destroys 145 refining sites, nabs 27 oil thieves in Bayelsa

…vows to achieve Tinubu’s directive on 2m bpd production   From Molly Kilete, Abuja   The Nigerian Navy Ship (NNS) Soroh, said it has destroyed a total of 145 illegal refining sites and arrested 27 oil thieves in its operations against pipeline vandalization and crude theft in the Niger delta region in last one year. […] The post Illegal bunkering: NNS SOROH destroys 145 refining sites, nabs 27 oil thieves in Bayelsa appeared first on The Sun Nigeria.

Politics

3 w. ago Crude theft: We target only oil thieves, illegal refineries, not civilians – NAF

…bombards 49 illegal refineries, cooking tanks, boats, others in Niger Delta creeks in 5 months   From Molly Kilete, Abuja The 115 Special Operations Group (SOG) of the Nigerian Air Force, under the Air Component of Operation Delta Safe (OPDS), said it has destroyed 49 illegal refineries, various cooking tanks, and over 20 large crude […] The post Crude theft: We target only oil thieves, illegal refineries, not civilians – NAF appeared first on The Sun Nigeria.

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