17 h. ago Federal Gov’t Approves 37 New Evacuation Routes To Curb Oil Theft

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the federal government has approved 37 new crude oil evacuation routes as part of strategic efforts to combat oil theft and enhance production. Speaking at the ongoing 2025 Nigeria Oil and Gas (NOG) Energy Week in Abuja, NUPRC Chief Executive Officer, Gbenga Komolafe, said protecting […]

Politics

29 h. ago Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report

By Chinwendu Obienyi Nigeria’s economy is expected to grow by as much as 4.2 per cent by the end of the year, buoyed by improved crude oil production, stronger business sentiment, and a gradual recovery from the economic shocks triggered by recent reforms, the latest report from Stanbic IBTC Bank revealed on Wednesday. The estimate […] The post Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions –Report appeared first on The Sun Nigeria.

Politics

35 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

3 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

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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

1 week ago NNPCL, marketers raise petrol price again amid global oil tension

From Adanna Nnamani, Abuja Petrol prices rose again across major cities on Monday as the Nigerian National Petroleum Company Limited (NNPCL) and other oil marketers adjusted their pump prices upward in response to rising crude oil prices and continued pressure on the naira. Checks across Abuja and Lagos showed that petrol now sells between N915 […] The post NNPCL, marketers raise petrol price again amid global oil tension appeared first on The Sun Nigeria.

Politics

1 week ago Navy Destroys Illegal Oil Refining Camp In Niger Delta Creeks

Personnel of the Nigerian Navy Ship Delta have uncovered and destroyed an illegal oil refining dump site deep within the creeks of the Niger Delta. The operation, which took place near Obotebe community in Burutu Local Government Area of Delta State, is part of the Navy’s ongoing offensive against crude oil theft and illegal refining […] The post Navy Destroys Illegal Oil Refining Camp In Niger Delta Creeks appeared first on Information Nigeria.

Politics

2 w. 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

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2 w. 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

2 w. 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

2 w. 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

2 w. 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

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 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

3 w. 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

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

3 w. 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

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