crude oil

June 10, (THEWILL) – The recent drop in crude oil prices has affected a proposed loan deal between Nigeria and the Saudi Arabian oil company, Aramco. According to Reuters, the $5bn facility, said to be Nigeria's largest oil-backed loan, is...

April 12, (THEWILL) – Nigeria’s crude oil production, including condensates, fell in March 2025 to 1.603 million barrels per day, data released by the Nigerian Upstream Regulatory Commission (NUPRC) has indicated. This represents a decrease of 68,000bpd compared to...

October 29, (THEWILL) – Nigeria's major source of foreign revenues are the crude oil resources and this makes this natural endowment a national treasure. This is why whatever happens in the crude oil sector of the economy shapes the...

October 15, (THEWILL) – Nigeria’s average daily crude oil production dropped by 33,000 barrels to 1.32 million barrels per day (bpd) in September 2024, the Organisation of Petroleum Exporting Countries (OPEC), said on Monday. The cartel in its October...

October 05, (THEWILL) – Nigeria has officially commenced the sale of crude oil and refined petroleum products in Naira. Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this in a statement signed on Saturday, by Mohammed...

September 15, (THEWILL) – Nigeria, a giant nation in Africa and a major oil producing nation has engaged in a business aberration for decades - she sells her crude oil, her major source of revenue to the world in...

August 11, (THEWILL) – The recent directive by President Bola Tinubu, sequel to a deliberation of the Federal Executive Council (FEC) that the Nigerian National Petroleum Company (NNPC) Limited should begin to sell crude oil to Dangote Refinery and...

April 12, (THEWILL) - Nigeria’s crude oil production in March 2024, dropped to 1.23 million barrels per day (bpd) from 1.32 million bpd recorded in February 2024, the Organisation of Petroleum Exporting Countries (OPEC) said on Friday, in its...

March 03, (THEWILL)-  "Speak the truth. Transparency breeds legitimacy, “ John C. Maxwell Former Vice President Atiku Abubakar, through a statement issued on January 25, 2024, asked President Bola Tinubu to account for the Nigerian National Petroleum Company Limited’s $3.3...

February 25, (THEWILL) - Ardova Plc's (AP) newly upgraded terminal in Ijora, Lagos, is set to commence operations in March 2024. Mr. AbdulWasiu Sowami, the Group Executive Chairman of Ardova Plc stated this during the pre-commissioning tour of the...