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A service for energy industry professionals · Friday, July 11, 2025 · 830,326,770 Articles · 3+ Million Readers
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Nigeria Crude Oil News Monitoring

  • Published on Jul 10, 2025

    Will Nigeria sustain investment in rig infrastructure?

    As Nigeria sees a substantial increase in its rig count, concerns arise regarding the long-term implications and the sustainability of this momentum. Recently, data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) revealed a remarkable …

    Source: CNBC Africa - Neutral
  • Published on 00:29 GMT

    Nigeria eyes fiscal clarity, investor appeal in GDP rebase

    Nigeria is preparing to release its rebased Gross Domestic Product figures in 2025 for the first time in more than a decade, which analysts say could catalyse investment and improve its attractiveness to investors, development partners, and global …

    Source: Punch - Indeterminate
  • Published on Jul 10, 2025

    Nigerian soldiers nab suspected militia kingpin in Nasarawa, battle terrorists

    Troops of the Nigerian Army have apprehended a wanted militia leader, Haruna Abdulhamid, during a sting operation in Gidan Waya in Nasarawa State. A credible source told the News Agency of Nigeria (NAN) that Sector II Operation Whirl Stroke troops deployed …

    Source: Premium Times - Neutral
  • Published on Jul 10, 2025

    Nigerian Army Apprehends Notorious Militia Leader in Nasarawa

    The Nigerian Army have arrested Haruna Abdulhamid, a wanted militia leader, in a sting operation in Gidan Waya, Nasarawa State.  Abdulhamid was tracked down by troops of Sector II Operation Whirl Stroke deployed to Nasarawa Eggon, following a tip-off. …

    Source: Nigerian Eye - Neutral
  • Published on Jul 10, 2025

    Nigeria looks to expand oil output with massive 500,000 bpd refinery deal

    Nigeria is taking another significant step toward reducing its dependence on fuel imports and boosting domestic refining capacity, as Backbone Infrastructure Nigeria Limited (BINL) unveils plans to develop a $15 billion oil refinery with a processing …

    Source: Business Insider Africa - Neutral
  • Published on Jul 9, 2025

    Dangote Refinery to Stop Importing Crude Oil by December 2025

    The Dangote Petroleum Refinery plans to stop importing crude oil by December 2025 and rely solely on Nigerian crude, according to Devakumar Edwin, Vice President of Dangote Industries.  The refinery, which currently processes 550,000 barrels of crude per …

    Source: Nigerian Eye - Neutral
  • Published on Jul 10, 2025

    NUPRC: Nigeria’s Oil Industry Rebounding, Rig Count Now 46, Up from 8 in 2021

    •With project 1million barrels on course, Nigeria adds 300,000bpd in 10 months Emmanuel Addeh in Abuja The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said yesterday that there were clear signs that Nigeria’s oil and gas industry had begun to …

    Source: This Day - Pro-Government
  • Published on Jul 9, 2025

    Firm to build $15bn crude oil refinery in Ondo

    Backbone Infrastructure Nigeria Limited (BINL), a multinational infrastructure development company, says it will build a $15 billion crude oil refinery and establish a free trade zone (FTZ) in Ondo state. In a statement on Wednesday, the company said it …

    Source: The Cable - Neutral
  • Published on Jul 9, 2025

    Dangote Refinery To End Crude Oil Imports By December

    The Dangote Oil Refinery will stop importing crude oil and rely entirely on Nigerian supply by December 2025, a report by Bloomberg has disclosed. The 650,000-barrel-per-day facility in Lagos, aims to fully transition to domestic crude supply to eliminate …

    Source: Leadership - Neutral
  • Published on Jul 9, 2025

    Nigerian crude rises above $70 as global supply fears mount

    From Adanna Nnamani, Abuja The price of Nigerian crude oil climbed above $70 per barrel on Tuesday, influenced by renewed fears of global supply disruptions following Houthi-led attacks on vessels in the Red Sea. Nigerian oil blends, Bonny Light, Brass …

    Source: The Sun Nigeria - Indeterminate
  • Published on Jul 9, 2025

    Nigeria’s oil rig count rises to 46 in July 2025 – NUPRC

    The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant rise in the nation’s oil rig count, increasing from eight in 2021 to 46 as of July 2025. The Commission Chief Executive, Mr. Gbenga Komolafe, made the disclosure …

    Source: Nairametrics - Neutral
  • Published on Jul 9, 2025

    Peter Obi’s remarks on Nigeria’s debt misleading, dangerous — Omokri  

    Political commentator and former presidential aide, Reno Omokri, has criticised remarks made by the Labour Party’s 2023 presidential candidate, Peter Obi, concerning Nigeria’s debt profile, describing them as “dangerous” and capable of undermining investor …

    Source: The Guardian (Nigeria) - Neutral
  • Published on Jul 10, 2025

    Oil Prices Rise As US Dollar Weakens

    Crude oil prices climbed on Thursday, supported by a weaker US dollar and expectations of strong fuel demand in the United States, the world’s largest oil consumer. Global oil prices have been volatile amid renewed US tariff threats and concerns over …

    Source: Biz Watch Nigeria - Indeterminate
  • Published on Jul 9, 2025

    Nigerian Crude surges to $72 amid Houthi attack fallout

    Nigerian crude prices surged above $70 per barrel, marginally higher than the major oil contracts traded on the global oil market. Major oil contracts reached a two-week high yesterday after fresh Houthi attacks on shipping in the Red Sea raised concerns …

    Source: Nairametrics - Neutral
  • Published on Jul 8, 2025

    Bayelsa community protests, demands justice for 1.5m people hit by crude oil pollution

    From Okwe Obi, Abuja The people of Ekpetiama Kingdom in Bayelsa State have protested against hydrocarbon pollution which has affected over 1.5 million people in the state. Its monarch, King Bubaraye Dakolo, Agada IV, at a press briefing on Monday, July 7, …

    Source: The Sun Nigeria - Indeterminate
  • Published on Jul 9, 2025

    Don’t Belittle Nigeria’s Economy, TMSG Cautions Amid IMF’s Positive Growth Projection

    News Investigators/ The Tinubu Media Support Group (TMSG) has welcomed the revised economic growth projection by the International Monetary Fund (IMF) but faulted it for underestimating Nigeria’s economy and its potential under the President Bola …

    Source: News Investigators Nigeria - Indeterminate
  • Published on Jul 9, 2025

    Oil rig count hits 46 as Nigeria eyes additional 1mbpd by 2026

    Nigeria’s oil rig counts have risen to 46 from 31 as at January 2025. This increase according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) signals a vibrant Petroleum Industry. Gbenga Komolafe, Commission Chief Executive, stated this …

    Source: Business Day - Neutral
  • Published on 00:30 GMT

    Petrol imports crashed to record low in June – Report

    Nigeria’s import of Premium Motor Spirit, popularly known as petrol, by oil marketers fell to a record low in June, majorly driven by a ramp-up in output from the 650,000 barrels-per-day Dangote Petroleum Refinery, new data has shown. An Argus report …

    Source: Punch - Indeterminate
  • Published on Jul 10, 2025

    Naira Strengthens By ₦9 Amid Renewed Dollar Inflows And Foreign Reserve Rebound

    The Nigerian naira appreciated significantly in the foreign exchange market on Wednesday, strengthening by ₦9 to close at ₦1,520.00 per U.S. dollar. This improvement comes on the back of fresh dollar inflows that boosted liquidity levels across the market …

    Source: Biz Watch Nigeria - Indeterminate

04 days 03:16:23

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