The NLC boss alleged that some people are profiting from the dysfunctional state of the country’s refineries. The President of Nigeria Labour Congress (NLC) , Ayuba Wabba, has blamed the Continue Reading
With a daily underperformance figure of 78,000 barrels per day in December, Nigeria lost as much as 2.418 million barrels of crude in the last month of 2021, data released Continue Reading
Oil rigs Nigeria is producing far less oil than it did 25 years ago when the estimated population was much less than what it is today and government spending was Continue Reading
In spite of its current struggles, Nigeria’s oil production will hit 1.7 million barrels per day in 2022, a new report by CardinalStone Research, has indicated. Stressing that it expects Continue Reading
Abuja — Some monarchs and civil society groups in the Niger Delta have dragged the National Assembly to the Federal High Court in Abuja, seeking a restraining order in the Continue Reading
Oil theft is a major problem for Nigeria, and it’s beginning to drive international investors away. Oil revenue lost was equal to $3.5 billion in 2021 alone, or around 10 Continue Reading
As damning as a recent report that Nigeria may have lost about 200 million barrels to organised theft in the first 11 months of 2021 would seem, it came as Continue Reading
In 2021, the Nigerian oil and gas industry witnessed unarguably the level of activities that had not been witnessed in a long while. From the enactment of the Petroleum Industry Continue Reading
Royal Dutch Shell Plc halted crude shipments from Nigeria’s Forcados export terminal, dealing another blow to the African nation, which has struggled to stem falling production. Shell Petroleum Development Co. Continue Reading
A new study by risk consultancy Verisk Maplecroft has revealed that Nigeria may face difficulty producing its huge oil and gas reserves. The study states that Africa’s number two exporter Continue Reading
