The Dangote Refinery has crashed petrol prices from N950 to N890 per litre following the fall in global crude oil prices. The refinery said the move other costs.

However, Dangote Petroleum Refinery said the price reduction was based on developments in the global oil market, adding that ...

Shell Nigeria on Tuesday, reported an oil spill from its facility in Ogale, close to Port Harcourt, following the overflow ...

A study by Rand Merchant Bank (RMB), a member of FirstRand Group, says Nigeria’s gross domestic product (GDP) could slip to 0.8 per cent (a pace not seen since 2021) this year.

Nigeria is the home of the famous Bonny Light crude, a light-sweet crude oil grade produced at the Bonny oil hub and an important benchmark crude for all West African crude production. Bonny Light ...

The Federal Government has banned the export of crude oil meant to meet the needs of domestic refineries in the country, ...

Congratulations once again on your well-deserved appointment as the Managing Director of the Bulk Oil Storage and ...

Advancing BOST’s Mandate for a Sustainable and Efficient Energy Future Congratulations once again on your well-deserved ...

This was even as prices of oil, including Nigeria's Bonny Light dropped to $80 per barrel ... However, the United States used to import a bulk of its crude oil from Nigeria, but the commencement ...

The leadership of Bonny Kingdom in Rivers State has warned of the imminent shutdown of international and local oil companies operating ... from which Nigeria’s crude is sold to the international ...

Checks confirmed that refiners now pay more for crude oil acquisition as the price of the commodity, including Nigeria’s Bonny Light rose by 5.1 per cent to $82 per barrel, from $78 per barrel ...