Entries by This Day

Nigeria: Why Nigeria’s Oil Sector Will See Significant Growth in 2023 – Anderson

[This Day] *Predicts devaluation of the naira to close gap between black market, official rates

Nigeria: Those Managing Nigeria’s Oil Must Account for Crude Oil Theft – VP

[This Day] Says addressing crude oil theft, sabotage major concern of govt

Nigeria: Nigeria Could Drill 900,000bpd Additional Oil With Ongoing Quick-Win Interventions – Komolafe

[This Day] Abuja -- The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mr Gbenga Komolafe, has said that the current quick-win interventions by the organisation and industry stakeholders could boost Nigeria's ...

Nigeria: Despite Muffled Oil Output Growth, Nigeria’s Rigs Count Rises 116% in One Year

[This Day] Abuja -- In spite of subdued growth in Nigeria's oil production in the last one year, the country's rigs count rose markedly from six to 13 between January 2022 and the same period in 2023, new industry data obtained from Baker Hughes, has s...

Nigeria: NNPC Fixes March 21 to Begin Drilling of Oil in Nasarawa

[This Day] Abuja -- The Nigerian National Petroleum Company Limited (NNPC) yesterday announced that it will commence the drilling of crude oil in Nasarawa State from March 21, 2023.

Nigeria: Nigeria, Others May Lose Oil Buyers As EU Set to Ban Petrol, Diesel Vehicles By 2035

[This Day] Abuja -- Nigeria and other major oil-producing countries could lose major markets in Europe after the European Parliament approved a law to ban the sale of new petrol and diesel vehicles across European Union (EU) nations by 2035.

Nigeria: Govt Okays Electronic Cargo Tracking System to Curb Crude Oil Theft

[This Day] The Federal Executive Council (FEC) at its weekly meeting on Wednesday approved electronic cargo tracking device that will monitor all vessels entering and leaving Nigeria's water space.

Nigeria: OPEC Confirms Nigeria’s Oil Output Grew By Just 23,000 Bpd in Jan

[This Day] -Oil prices fall after US crude reserve release

Nigeria: Ways and Means – IMF Urges CBN to Stop Full Financing of Govt’s Fiscal Deficits

[This Day] The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to go beyond recent increases in the policy rate to implement additional actions, including fully sterilising the apex bank's financing of fiscal deficits unde...

Nigeria: Govt Blames Profiteers for Hike in Fuel Price

[This Day] The federal government yesterday formally reacted to the increase in the price of petroleum products across the country and heaped the blame on the rush by petroleum marketers to make illicit profits from the hardship of Nigerians.