Malabu Oil and Gas dispute escalates as the company demands correction and apology over alleged inaccuracies in The Africa Report...
Nigeria manufacturing slowdown deepens as Stanbic IBTC PMI shows rising fuel costs and inflation pressures weakening private sector growth
Bonny Light crude falls 14.2% to $94.41 as global oil prices drop due to eased tensions, sanctions updates, and rising US oil inventories
NNPC crude oil production rises to 1.71m barrels per day in 2025 as improved pipeline security boosts output and investor confidence
Oil prices fall US Iran tensions ease as Trump signals troop withdrawal, pushing Brent crude lower despite ongoing regional risks
Nigeria oil and gas reserves update shows crude oil falling to 37.01bn barrels while natural gas rises to 215.19TCF, NUPRC confirms
US crude imports Nigeria drop by 47% in January 2026 as Angola and Ghana gain market share, according to official trade data
Kebbi fuel auction seizure sees Nigeria Customs auction 66,500 litres of PMS recovered in anti-smuggling operations across border routes
PETROAN warns of rising petrol hardship in Nigeria, urging swift government action to ease costs for households and businesses
Nigeria crude oil earnings fell 14.41% to $31.54B in 2025, with gas and refining boosting total exports amid rising imports and external payments