The Federal Government has said Nigeria does not have sufficient uncommitted crude oil to meet the Dangote Petroleum Refinery’s full daily requirement of 700,000 barrels while also fulfilling other domestic…
President Bola Ahmed Tinubu has said Nigeria has significantly reduced its dependence on crude oil revenue, while promising to push the country’s economic diversification drive further. Tinubu stated this on…
Former Cross River State governor and Peoples Redemption Party (PRP) presidential candidate Donald Duke has proposed a major change to the way crude oil is supplied to Nigeria’s domestic refineries,…
Global oil prices have risen further as uncertainty surrounding a possible agreement over the Strait of Hormuz continues to weigh on energy markets. The Strait of Hormuz is one of…
The Federal Government says 13 of the 50 oil and gas blocks offered during the 2025 Licensing Round will be returned to the national licensing basket after receiving no bids…