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Nigeria’s external reserves hit 17-year high of $50.12bnPienaar backs Bafana Bafana to stun Mexico 2-0 in World Cup openerCooking gas prices soar to N2,500/kg, threatening Nigeria’s clean energy pushNaira strengthens against dollar as reserves hit $50.12 billionPolice arrest seven bandits over killing of three FRSC officers in KebbiBandits kidnap 50 elders during peace meeting in ZamfaraBanks must cut terror funding, army chief tells financial sectorUniversity of Ibadan graduate credits school daddy for academic turnaroundADC and Aregbesola seek judge’s withdrawal from party chair suitDivock Origi retires from football at 31 after Milan exitNigeria’s external reserves hit 17-year high of $50.12bnPienaar backs Bafana Bafana to stun Mexico 2-0 in World Cup openerCooking gas prices soar to N2,500/kg, threatening Nigeria’s clean energy pushNaira strengthens against dollar as reserves hit $50.12 billionPolice arrest seven bandits over killing of three FRSC officers in KebbiBandits kidnap 50 elders during peace meeting in ZamfaraBanks must cut terror funding, army chief tells financial sectorUniversity of Ibadan graduate credits school daddy for academic turnaroundADC and Aregbesola seek judge’s withdrawal from party chair suitDivock Origi retires from football at 31 after Milan exit

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FG Allows Petroleum Marketers to Purchase Petrol Directly from Refineries, Bypassing NNPCL
Finance Oct 11, 2024

FG Allows Petroleum Marketers to Purchase Petrol Directly from Refineries, Bypassing NNPCL

The Federal Government has granted petroleum marketers permission to directly source petrol from local refineries, eliminating the Nigerian National Petroleum...

NNPCL: Nigeria Can Achieve 3 Million Barrels of Crude Oil Production Daily with Stakeholder Support
Finance Sep 28, 2024

NNPCL: Nigeria Can Achieve 3 Million Barrels of Crude Oil Production Daily with Stakeholder Support

The Nigerian National Petroleum Company Limited (NNPCL) announced on Saturday that it is optimistic about raising Nigeria’s crude oil production...

FG Confirms Petrol Supply from Dangote Refinery to Start Tomorrow
Finance Sep 14, 2024

FG Confirms Petrol Supply from Dangote Refinery to Start Tomorrow

The Federal Government has announced that the supply of petrol from the Dangote Refinery will begin on Sunday, September 15,...

1m litres Crude Recovered during Crackdown on Illegal Oil Refineries in Rivers State
Finance Feb 23, 2024

1m litres Crude Recovered during Crackdown on Illegal Oil Refineries in Rivers State

The 6 Division Garrison of the Nigerian Army in Port Harcourt has successfully uncovered an illicit crude oil refinery hidden...

Fuel Prices Set To Soar As Crude Oil Hits $95.70 Per Barrel
Economy Sep 18, 2023

Fuel Prices Set To Soar As Crude Oil Hits $95.70 Per Barrel

In a concerning development for consumers and the Nigerian economy, global crude oil prices surged to $95.70 per barrel on...

NNPC Discovers Oil In Nassarawa
Economy Jan 14, 2023

NNPC Discovers Oil In Nassarawa

[ODUNEWS] January 14 – The Nigerian National Petroleum Company Limited announced on Friday the discovery of oil in Nasarawa State...

Angola Overtakes NIigeria As Africa’s Biggest Oil Producer
Finance Sep 9, 2022

Angola Overtakes NIigeria As Africa’s Biggest Oil Producer

Angola has overtaken Nigeria as the largest oil-producing country in Africa for the first time in over five years, OduNews reports.

Oil Theft: Nigeria Records Lowest Oil Output Ever In August
Finance Sep 8, 2022

Oil Theft: Nigeria Records Lowest Oil Output Ever In August

Nigeria recorded its lowest ever crude oil production in August as its output went below the one million mark.

OPEC: Nigeria’s Oil Production Drops Further To 1.02 Mbpd; Puts Revenue At Risk
Entertainment Jun 15, 2022

OPEC: Nigeria’s Oil Production Drops Further To 1.02 Mbpd; Puts Revenue At Risk

[ODUNEWS] June 15- Nigeria’s daily crude oil production has fallen further to 1.024 million barrels per day (mbpd) in the...

OPEC Raises Nigeria’s Crude Oil Production Quota by 19,000b/d
Economy May 6, 2022

OPEC Raises Nigeria’s Crude Oil Production Quota by 19,000b/d

Nigeria yesterday got the approval of the Organisation of Petroleum Exporting Countries (OPEC) to increase its crude oil production quota...

5 Misconceptions About The Petroleum Industry Act (PIA) 2021
Editorials Aug 22, 2021

5 Misconceptions About The Petroleum Industry Act (PIA) 2021

By Suraj Oyeleye 1. NNPC is being privatized? No, NNPC is not privatized. NNPC is only becoming a limited liability...

Crude Oil Prices Fall Below $40 Per Barrel
Finance Sep 9, 2020

Crude Oil Prices Fall Below $40 Per Barrel

The prices of crude oil dropped below $40 per barrel at Asia’s trading session. The price slide was triggered by...

FG Budgets N27bn For NASS Renovation, Cuts Health To N25.5bn
Local News Jun 3, 2020

FG Budgets N27bn For NASS Renovation, Cuts Health To N25.5bn

The Federal government has budgeted N27bn for the renovation of the National Assembly complex while slashing the budget for primary...

US Cuts Imports Of Nigerian Crude Oil By 60%
Finance May 9, 2020

US Cuts Imports Of Nigerian Crude Oil By 60%

The United States has cut its imports of Nigerian Crude oil by 60.37%. US Crude oil imports in January stand...

US Crude Oil Prices Drop To $10 Per Barrel
World Apr 20, 2020

US Crude Oil Prices Drop To $10 Per Barrel

The Prices of Crude Oil in the United States has dropped to $10/barrel. The current price rate is the lowest...

BREAKING: Crude Oil Prices Fall To $17.8 — Lowest In 18 Years
Finance Apr 17, 2020

BREAKING: Crude Oil Prices Fall To $17.8 — Lowest In 18 Years

The prices of crude oil has fallen to $17.8 per barrel making it to become the lowest in 18 years....

BREAKING: Nigeria To Cut Crude Oil Production
Finance Apr 10, 2020

BREAKING: Nigeria To Cut Crude Oil Production

Nigeria’s crude oil price would rebound by at least $15 per barrel, Minister of State for Petroleum, Timpire Sylva says....

Oil Price Falls To $22, Lowest in 18 Years
Finance Mar 31, 2020

Oil Price Falls To $22, Lowest in 18 Years

Brent Crude fell to its lowest since 18 years on Monday as it traded for $22 per barrel. This comes...

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Latest Stories

  • Nigeria’s external reserves hit 17-year high of $50.12bn
  • Pienaar backs Bafana Bafana to stun Mexico 2-0 in World Cup opener
  • Cooking gas prices soar to N2,500/kg, threatening Nigeria’s clean energy push
  • Naira strengthens against dollar as reserves hit $50.12 billion
  • Police arrest seven bandits over killing of three FRSC officers in Kebbi

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