1. Nigerians Confused by Dangote Refinery's Decision to Import Crude Oil From the United States

    Nigeria Nigerians Confused by Dangote Refinery's Decision to Import Crude Oil From the United States

    Dangote Refinery is set to import crude oil from the United States, a groundbreaking departure from its traditional reliance on Nigerian feedstock. According to reports from Bloomberg, traders familiar with the matter revealed that Trafigura Group has secured a deal to supply 2 million barrels...
  2. Nigeria Targets 1.5M bpd Oil Production by 2024, OPEC Predicts

    Nigeria Nigeria Targets 1.5M bpd Oil Production by 2024, OPEC Predicts

    The Organisation of the Petroleum Exporting Countries (OPEC) has announced that Nigeria has the potential to reach a significant oil production quota of 1.5 million barrels per day (bpd) in 2024. This disclosure came during the 36th OPEC and non-OPEC ministerial meeting held on Thursday. As...
  3. Nigeria's Economy Takes a Hit: N8.7 Trillion Lost in 8 Months Over OPEC Quota Shortfall

    Nigeria Nigeria's Economy Takes a Hit: N8.7 Trillion Lost in 8 Months Over OPEC Quota Shortfall

    Nigeria has encountered a substantial revenue loss of over N8.7 trillion ($21 billion) from January to August 2023 due to its inability to meet its allocated quota by the Organization of Petroleum Exporting Countries (OPEC). This unfortunate situation has transpired at a time when Nigeria is...
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    Business NNPCL Secures $3 Billion Crude Oil Loan to Stabilize Naira

    NNPC Limited announced on Wednesday that it has finalized a Commitment Letter and Term Sheet agreement with AfreximBank for an emergency $3 billion crude oil repayment loan. The signing took place at AfreximBank's headquarters in Cairo, Egypt. In a statement provided to Vanguard newspaper, NNPC...
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    Business Nigeria’s oil output under Buhari lowest since 1999 - Businessday

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    Politics OPEC+ Cuts Nigeria’s Oil Production, FG Gives Reasons - Channels Tv

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    Business OPEC raises Nigeria’s oil quota for September - Premium Times Nigeria

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    Metro BREAKING: OPEC Secretary General, Muhammad Barkindo dies hours after visiting Buhari - The Witness

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    Business Oil price hits two-year-high at $70.20/barrel – New Telegraph

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    Business Oil Price May Hit $70 Per Barrel By Mid 2021 – Leadership Newspaper

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    Business OPEC, Allies To Meet To Thrash Out Cuts Deal – Channels Television

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    Business VIDEO: Oil market records slow recovery as OPEC puts conformity at 97% – Vanguard News

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    Business Nigeria’s fuel import gulps N95.25trn in five years – New Telegraph

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    Business Nigeria Earned $206bn From Oil In Five Years – OPEC - Punch Newspaper

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    Business OPEC agrees on production cut, may force Nigeria others to comply – The Guardian Nigeria News

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    Metro Buhari nominates Okonjo-Iweala as DG World Trade Organization – Nairametrics Nigeria News

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    Business Market Optimism Push Oil Price Near $40 A Barrel – Leadership Nigeria News

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    Business Oil prices edge down as wary traders eye upcoming OPEC+ meeting – Vanguard News

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    Business Oil market improving amid sharp drop in production, says IEA – New Telegraph Nigeria News

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    Business OPEC’s Next Domino to Fall Could Be Nigeria – Yahoo