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Foreign investors losing trust in Nigeria’s oil sector

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mallam Mele Kyari, has raised the alarm that Nigeria was fast losing foreign investors confidence in the oil and gas sector, saying there is a need for Nigeria to act fast and address the loss.

Government has no business running refineries — Osinbajo

Vice President, Prof. Yemi Osinbajo, says the problems associated with Nigeria’s refineries will persist if the Federal Government continues to own and run them, saying that the Federal Government has no business running oil refineries in Nigeria.

NNPC announces a trading surplus of N20.4bn

The Nigerian National Petroleum Corporation, NNPC, says it made a trading surplus of N20.36 billion in July 2020, rising by 860 per cent from a surplus of N2.12 billion recorded in June.

Nigeria’s oil output edges up by 9%

The data from the Organisation of the Petroleum Exporting Countries (OPEC) showed that Nigeria’s crude oil output rose by 9% to 1.353 million barrels per day (bpd) in August relative to 1.361 million bpd in July.
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