The current international oil price is lower than the 2025 budget benchmark of $75 per barrel. With oil prices dipping below ...

Nigeria’s Excess Crude Account (ECA), once a strategic fiscal buffer designed to cushion the economy against oil price ...

Africa’s richest man Aliko Dangote vowed to push his $20 billion oil refinery in Nigeria toward full operational capacity, ...

Aliko Dangote has finally reacted to the 14% tariffs imposed on Nigeria's exports by the US President, Donald Trump, saying ...

About 60 million barrels of Nigeria's crude oil are currently stranded and floating at high seas with no buyers, while ...

Nigeria’s 2025 budget came under further pressure yesterday as the price of Bonny Light crude oil grade dropped to an average ...

International Oil Companies (IOCs) operating in Nigeria have continued to bypass direct crude oil supply to local refineries, ...

Nigeria's economy, which heavily relies on its oil industry, faces a looming crisis as many barrels scheduled for export in ...

The Nigerian Military has intensified its crackdown on oil theft in the Niger Delta, successfully foiling illegal activities ...

Nigerian Navy intensifies crackdown on crude oil theft in Niger Delta, arresting six suspects during coordinated anti-crime ...

Oil prices have recorded steepest monthly drop in nearly four years as Saudi Arabia signaled increased production to gain ...

International Oil Companies (IOCs) operating in Nigeria continue to bypass direct crude supply to local refineries, even as the country grapples with an estimated 60 million barrels of stranded crude ...