41 h. ago Dangote Refinery eyes higher crude imports from Angola, Algeria

The Dangote Refinery, Africa’s largest oil refinery, is reportedly considering increasing its crude oil imports from Angola and Algeria as read more Dangote Refinery eyes higher crude imports from Angola, Algeria

Politics

42 h. ago Examining military’s onslaught against oil theft in Niger Delta

DELE OGUNYEMI examines the military’s renewed crackdown on Niger Delta oil theft and illegal refineries to boost crude production to between 2.5 and 3 million barrels daily and strengthen the economy In a renewed push against crude oil theft, the Nigerian military forces have intensified action to ensure a crackdown on all illegal refining sites Read More

Politics

69 h. ago Vandals target NLNG pipelines for crude condensates – Report

Fresh investigations have revealed that the group of vandals targeting pipelines supplying natural gas to Nigeria LNG Limited are in pursuit of stealing crude condensate — a highly coveted hydrocarbon that commands greater local demand than crude oil – and not the gas transported. A report by Bloomberg on Tuesday stated that this high-risk act Read More

Politics

3 d. ago Reps unhappy over reported $12.74m crude oil revenue loss between 2018

Tribune Online Reps unhappy over reported $12.74m crude oil revenue loss between 2018-2023 The House of Representatives on Tuesday tasked the Federal Government with the urgent need to rehabilitate oil and gas pipeline networks across the country to avert economic losses. Reps unhappy over reported $12.74m crude oil revenue loss between 2018-2023 Tribune Online

Politics

4 d. ago HOSTCON pledges to partner Senate in combating crude oil theft

Tribune Online HOSTCON pledges to partner Senate in combating crude oil theft The Host Communities Producing Oil, Gas and Pipeline Impacted States Youth Council Of Nigeria (HOSTCON) has pledged to work with the Senate Ad-Hoc Committee on Crude Oil Theft to improve the oil and gas value chain in the nation’s oil industry. The National President of HOSTCON, Comrade Emmanuel Fiawei Pathfinder, made this pledge in Yenagoa […] HOSTCON pledges to partner Senate in combating crude oil theft Tribune Online

Politics

6 d. ago Petrol imports gulp N3.3trn in three months despite rising local refining

Nigeria’s petrol imports have persisted with no significant decline despite reported rising domestic refining capacity. Nigeria, Africa’s largest crude oil read more Petrol imports gulp N3.3trn in three months despite rising local refining

Politics

1 week ago Navy cracks down on oil theft, seals refining sites in N’Delta

The Nigerian Navy’s fight against crude oil theft, pipeline vandalism, and other acts of economic sabotage yielded fresh results in the early hours of Tuesday, March 4, 2025, as personnel of the Forward Operating Base Escravos discovered and sealed three illegal refining sites at Obodo in the Omadino riverine community, Warri South West Local Government Read More

Politics

1 week ago Reps unhappy over FCT Area Councils’ primary healthcare budget performance

Tribune Online Reps unhappy over FCT Area Councils’ primary healthcare budget performance The House of Representatives has expressed dissatisfaction with the 2023 budget performance of the Department of Primary Healthcare, FCT Area Council Service Secretariat. Reps unhappy over FCT Area Councils’ primary healthcare budget performance Tribune Online

Politics

2 w. ago Nigeria missing as Africa accounts for 35% of newly discovered oil in 2024

Other African nations are now leading the charge in newly discovered crude oil reserves, while Nigeria was notably absent from read more Nigeria missing as Africa accounts for 35% of newly discovered oil in 2024

Politics

2 w. ago Navy destroys illegal refineries, seizes stolen crude oil in Delta

Tribune Online Navy destroys illegal refineries, seizes stolen crude oil in Delta The Nigerian Navy has dismantled four illegal refining sites in Delta State, seizing thousands of litres of stolen crude oil and illegally refined diesel. Navy destroys illegal refineries, seizes stolen crude oil in Delta Tribune Online

Politics

2 w. ago NNPC Shipping, Caverton Launch Partnership To Drive Energy Transport Industry

NNPC Shipping, Stena Bulk, and Caverton Marine Limited have announced a groundbreaking partnership to revolutionise Nigeria’s maritime transportation sector. This strategic collaboration, formalised and signed in London last week, aims to establish a robust tanker operation catering to the region’s crude oil, refined products, and LNG shipping requirements, bolstering Nigeria and West Africa’s energy supply […]

Politics

2 w. ago Naira crude sales boost local refineries, cut FX risks – Tinubu

The Federal Government said the introduction of the sale of crude oil in Naira was a strategic move to enhance the operational efficiency of local refineries by reducing foreign exchange risks and transaction costs. President Bola Tinubu made this known on Tuesday, while officially declaring the eighth edition of the Nigeria International Energy Summit open Read More

Politics

2 w. ago NNPC Shipping, partners unveil joint venture to boost crude transport

The Nigerian National Petroleum Company Shipping, Stena Bulk, and Caverton Marine Limited have announced the signing of a new joint venture that will transform Nigerian maritime transportation. The partnership will focus on developing and operating tankers to efficiently transport crude oil across Nigeria and West Africa, reducing reliance on foreign vessels. A statement by the Read More

Politics

3 w. ago Brent hits $76 as Trump vows quick refill of US oil reserves

Crude oil prices edged higher today, with Brent Crude and West Texas Intermediate (WTI) rising nearly 0.5 percent to $76.45 read more Brent hits $76 as Trump vows quick refill of US oil reserves

Politics

3 w. ago Nigeria’s 2.06m bpd crude oil target in 2025 achievable – Lokpobiri

Nigeria’s target of 2.06million bpd crude oil production target in 2025, is achievable, the Minister of State for Petroleum, Heineken Lokpobori has said. Lokpobori said this on Thursday in Abuja at the Nigeria Petroleum Industry Leadership Discourse, with the theme: “Nigeria’s Oil Production Growth Roadmap Acceleration Imperatives’’ organised by Heirs Energies Limited. ”The 2025 budget Read More

Politics

3 w. ago Collaboration needed to fight crude oil theft — NSCDC commandant

The Commandant-General of the Nigeria Security and Civil Defence Corps, Dr. Ahmed Audi, on Thursday, paid an operational visit to the facilities of Tantita Security Services Nigeria Limited, a private security outfit contracted by the Federal Government. During the visit, he emphasised that no single security agency holds a monopoly on strategies for combating crude Read More

Politics

3 w. ago Arsenal reports £17.7m loss despite £616.6m revenue in 2023/24 season

Arsenal posted a loss of £17.7 million in the 2023/24 season, despite returning to the Champions League and helping generate read more Arsenal reports £17.7m loss despite £616.6m revenue in 2023/24 season

Politics

3 w. ago FG wants Binance to pay $79bn for economic loss fine, $2bn tax

Tribune Online FG wants Binance to pay $79bn for economic loss fine, $2bn tax In the new case, the Federal Inland Revenue Service (FIRS) is imposing demands and alleged liabilities, which include a 10% penalty for non-payment of income tax for the years 2022 and 2023. Additionally, there is a 26.75% interest rate applied—reflecting the prevailing Central Bank of Nigeria (CBN) lending rate per annum—starting from January 1, 2023, and January 1, 2024, respectively, along with other charges. FG wants Binance to pay $79bn for economic loss fine, $2bn tax Tribune Online

Economics