The Nigerian National Petroleum Company Limited is currently weighed down by crude-backed loan obligations estimated at N8.07tn, based on a detailed review of its 2024 financial statements and capital-commitment records. …
Nigeria’s oil revenue is set for a boost as Turkey’s biggest oil refining company, Tupras, has placed new orders for Nigerian crude oil expected to arrive between March and April …
The House of Representatives has passed the second reading of a bill that seeks to grant state governments full control over oil and mineral resources within their territories. If passed …
Nigeria faces a staggering economic setback following a pipeline explosion in Rivers State, potentially leading to losses exceeding $35.3 million daily. The incident, which significantly hampers oil exports from the …