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Nigeria loses spot as Africa's top crude oil producer to Angola

Nigeria has lost its place as Africa's crude oil producer to Angola following a decline in production. We reported that this was revealed by the Organization of Petroleum Exporting Countries, OPEC, in its April 2023 Monthly Oil market report. OPEC said its

Dangote, modular refineries to pay naira for crude

The Federal Government has eventually complied with the demands of domestic crude oil refiners and other operators in the sector, as it declared on Monday that indigenous refineries can now buy crude oil in naira or dollars. It also declared that the total

Northern youths want FG to sell crude oil to Dangote in naira

One of the youths leaders says selling crude oil to the refinery in foreign currency would subject the masses to untold hardship. Northern Youth Ambassadors, a coalition of youth groups in the 19 northern states have made a call to the Federal Government on

Crude oil production up to 1.7m barrels daily - FG

The Federal Government says that Nigeria's oil production has jumped to about 1.7 million barrels per day, up from the 1.1mbpd recorded in August 2023. Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), disclosed this in a session with
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