Nigeria’s crude oil income increased to over N1.68 trillion in June 2023 as the country shored up its output last month, according to an analysis of oil production figures released by the federal government. Data released by Nigeria Upstream Petroleum Regulatory Commission (NUPRC) on Thursday, July 13, 2023, showed that crude oil production rose to…
During the installation ceremony of the Nigerian Mining and Geosciences Society’s 32nd president, Akinade Olatunji, an important revelation was made. Olatunji expressed his belief that increased security surveillance alone cannot effectively tackle the issue of oil theft in Nigeria. Olatunji highlighted the alarming situation where the quantity of oil stolen in the country surpasses the…
Edited by Damilola Adeleke Oil prices resumed their downward trend on Friday, facing a weekly decline of over 3%. Concerns about global demand were ignited by a higher-than-expected interest rate hike in the United Kingdom and warnings of impending rate increases in the United States. Brent futures experienced a slip of 56 cents, equivalent to…
