Crude Oil – Page 2 of 4 – Prime Business Africa

Nigeria Week Ahead: CBN Rate Decision, Inflation & Oil in Focus

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Nigeria earned at least $104.58 million daily from crude oil in February 2023, as Africa’s largest oil producer pumped 1.3 million barrels per day. The 1.3 million barrels produced daily last month

Fakoyejo Olalekan

2 years ago

Hamas Attack On Israel, Rising Tensions Surge Oil Prices

Business·Oil & Gas

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

Despite Nigeria claiming the spot of the largest crude oil producer in Africa, it failed to meet its quota in January 2023, as agreed with members of Organisation of the Petroleum Exporting

Fakoyejo Olalekan

2 years ago

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Nigerian National Petroleum Company (NNPC) Limited said it remitted earnings from the 17.877 million barrels of crude it exported contrary to allegations against the firm. According to several reports quoting the Auditor

Fakoyejo Olalekan

2 years ago

Oil & Gas

Crude Oil Production Rises, Nigeria Risk Losing $23 billion

Nigeria’s crude oil production has increased to 1.59 million barrels per day, according to the Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti. The figure provided

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers

In the third quarter of 2022, Spain was the biggest buyer of Nigerian crude oil, with India, France, Netherlands, Indonesia and the United States completing the top five. According to the foreign

Fakoyejo Olalekan

2 years ago

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Business·Oil & Gas

NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves

The Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti, said Nigeria loses 700,000 barrels per day to oil thieves. Wunti stated that the Federal Government had

Fakoyejo Olalekan

2 years ago

CBN Places Service Restriction On PoS Agents Across Nigeria

Business·Currency

Govt Must Tackle Oil Theft To Stabilise Forex Rate, Reserves – Emefiele Reveals

For Nigeria’s foreign reserves to rise and stabilise forex rate, the Federal Government must conclusively address the persistent challenge of oil theft, Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele,

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

NNPC Boss, Kyari, Receives Death Threat, Amid Firm’s Disagreement With El-Rufai

The Group Managing Director (GMD) of the Nigeria National Petroleum Company (NNPC) Limited, Mele Kyari, has claimed that his life is under threat. Kyari said some persons are threatening his life due

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

Nigeria loses at least 700,000 barrels of crude oil to thieves per day, the Minister of State for Petroleum Resources, Timipre Sylva, has revealed. This compounds the revenue problem of the country.

Fakoyejo Olalekan

2 years ago

Business·Oil & Gas

Nigeria Loses N877 billion, As It Struggles To Meet Crude Oil Production Target

The Executive Commissioner, Corporate Services and Administration of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Jide Adeola, said that Nigeria doesn’t meet its daily production target. According to Adeola, the country has a

Fakoyejo Olalekan

2 years ago

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Crude Oil - Page 2

Nigeria Earns About $104.58 million Daily From Crude Oil, As Output Skyrockets

Oil Price Rises, As Nigeria’s Failure To Meet Quota Drags OPEC Output Down

NNPC Makes Case For Lack Of Record On $1 billion Crude Oil Export

Crude Oil Production Rises, Nigeria Risk Losing $23 billion

Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers

NNPC Reveals Nigeria Loses 700,000 barrels Per Day To Oil Thieves

Govt Must Tackle Oil Theft To Stabilise Forex Rate, Reserves – Emefiele Reveals

NNPC Boss, Kyari, Receives Death Threat, Amid Firm’s Disagreement With El-Rufai

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

Nigeria Loses N877 billion, As It Struggles To Meet Crude Oil Production Target

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