How oil receipts declined from $3bn to zero
The official foreign exchange receipt from crude oil and gas sales into Nigeria’s official reserves has dried up steadily from about $1.9 trillion in 2014 to an absolute zero dollars today,…
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Crude Oil
Nigeria fails in bid to restore 0.3mbpd oil pipeline
Desperate attempts by Nigeria to revive the crucial Trans Niger Pipeline (TNP) and raise oil export by as much as 300,000 barrels per day (bpd) have suffered a massive setback, BusinessDay…
More pain for Nigeria’s economy as FG admits loss of biggest crude buyers
The accelerating pace of the global energy transition and the impact of Russia/Ukraine is biting harder, posing a further threat to Nigeria’s oil revenue as the federal government has cried…
Nigeria drops to Africa’s fourth biggest oil producer
Angola, Libya and Algeria produced more crude oil than Nigeria in September as Africa’s largest economy saw its output dip below 1 million barrels for two months straight.
The latest…
180,000 bpd Trans Niger pipeline to come on stream soon – NAPIMS
The National Petroleum Investment Management Services (NAPIMS) has revealed that the Trans Niger Pipeline, Nigeria’s major liquid hydrocarbon delivery atrium, critical infrastructure for…