Exxon & Chevron Profits Dive as Oil Prices Fall
Major oil giants ExxonMobil and Chevron report significant profit declines as volatile crude prices impact Nigeria's energy sector and global markets.
Category : Search result: oil politics
Oke Ogun PDP Declares Loyalty to Governor Makinde
Oyo State Deputy Governor Bayo Lawal and top PDP leaders from Oke Ogun zone reaffirm unwavering support for Governor Seyi Makinde's administration amid political realignments.
Navy dismantles illegal refinery, arrests 7 in Ondo
In a major security operation, the Nigerian Navy has dismantled an illegal refinery and arrested seven individuals across multiple communities in Ondo State, dealing a significant blow to oil theft activities in the region.
Lagos Investment Warning: Moghalus's Wife Stands Firm
The wife of Lagos House of Assembly candidate Abdul-Azeez Moghalus refuses to retract her controversial warning about investing in Lagos, sparking intense political debate ahead of elections.
Nigeria: Africa's New Oil Trading Powerhouse Emerges
Nigeria is rapidly transforming into Africa's premier oil trading hub, positioning itself as the continent's next major growth frontier in global energy markets.
Navy dismantles illegal refinery, arrests 7 in Ondo
In a major security operation, the Nigerian Navy has dismantled an illegal refining site and apprehended seven suspects across coastal communities in Ondo State, dealing a significant blow to oil theft operations in the Niger Delta region.
Ogoni People Suffer Despite Oil Wealth - MOSOP
MOSOP President reveals how Ogoniland remains impoverished despite massive oil wealth, demanding environmental justice and development from Nigerian government.
Five Enugu Reps Defect from PDP to APC
In a stunning political realignment, five House of Representatives members from Enugu State have abandoned the Peoples Democratic Party for the All Progressives Congress, reshaping the state's political landscape ahead of crucial elections.
Bayelsa Deputy Gov Sues Assembly Over Impeachment Threat
Bayelsa State Deputy Governor Lawrence Ewhrudjakpo files lawsuit against State Assembly alleging unconstitutional impeachment threats after refusing to join governor's political defection.
Shell Profit Jumps to $7.7B Amid Oil Price Surge
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
ADC Clarifies Kaduna Leadership Roles: Nenadi Usman & Saidu
The African Democratic Congress addresses confusion surrounding leadership positions in Kaduna State, confirming Nenadi Usman as National Vice Chairman and Bashir Saidu as State Secretary.
ADC's Women & Youth Strategy for Lagos Mandate
The African Democratic Congress unveils groundbreaking inclusion strategy targeting women and youth in Lagos politics. Will this fresh approach disrupt the status quo?
Nigeria loses N6tr yearly to opaque oil deals - NEITI
Shocking revelations emerge as transparency watchdogs warn Nigeria is bleeding trillions through opaque oil incentives and questionable subsidy payments that lack proper documentation.
Zamfara PDP Condemns Lawmakers' Defection to Ruling Party
The Peoples Democratic Party in Zamfara State has strongly condemned the defection of state lawmakers to the ruling party, warning of severe political consequences and questioning the timing of their move.
Oil Marketers Warn Against Monopoly in Nigeria
Major petroleum marketers in Nigeria are raising concerns about market dominance and calling for transparent access to facilities to ensure fair competition in the downstream oil sector.
Foreigners Face Court Over N12B Oil Theft in Nigeria
Nigeria's anti-graft agency prosecutes five foreigners and their companies for massive crude oil theft in Rivers State, exposing sophisticated illegal bunkering operations.
Cross River PDP Crisis: Jarigbe Defection Threatens Implosion
The Peoples Democratic Party in Cross River State faces internal collapse as Senator Jarigbe Agom Jarigbe's planned defection to APC triggers massive political realignment and leadership crisis.
Students Demand Full Crude Allocation to Dangote Refinery
Nigerian student groups are urging President Tinubu to prioritize domestic refining by allocating all crude oil to Dangote Refinery, promising cheaper fuel and economic revival.
Foreigners Arraigned Over ₦12B Oil Theft in Lagos
Nigeria's anti-graft agency EFCC has arraigned three foreign nationals before a Lagos court for allegedly stealing crude oil worth ₦12 billion from the country's territorial waters.
Cross River Political Crisis: Mass Defection Looms
Cross River State politics heats up as Senator Jarigbe Agom Jarigbe meets with PDP stalwarts, triggering speculation of imminent mass defections that could reshape the state's political landscape ahead of crucial elections.
Students Demand Local Crude Allocation to Refineries
Nigerian students unite in calling for domestic crude oil allocation to boost local refining capacity and tackle fuel scarcity crisis.
Navy dismantles illegal oil refinery in Ondo
In a major crackdown on oil theft, the Nigerian Navy has raided and completely dismantled a sophisticated illegal refinery operation hidden within Ondo State's riverine communities.
Economic Saboteurs Threaten Dangote Refinery - NAPS
The National Association of Petroleum and Natural Gas Senior Staff calls for immediate federal intervention to protect Africa's largest refinery from economic saboteurs undermining Nigeria's energy independence.
Foreigners Face Court Over ₦12B Oil Theft in Nigeria
Nigeria's anti-graft agency EFCC has arraigned three foreign nationals and a vessel for allegedly stealing crude oil worth ₦12 billion. The shocking case reveals sophisticated oil theft operations in Nigerian maritime territory.
Zamfara Assembly Member Defects from PDP to APC
In a significant political realignment, Zamfara State Assembly member Hon. Yusuf Muhammad and several PDP officials have officially defected to the ruling APC, citing governance concerns and party leadership issues.
Zamfara Gov Meets Tinubu Amid PDP Collapse
Zamfara State Governor Dauda Lawal makes emergency visit to President Tinubu amid mass defection of PDP members to APC, signaling potential collapse of opposition in the state.
Zamfara PDP: Senator's APC defection no surprise
Zamfara State PDP reveals they anticipated Senator Hassan Nasiha's defection to APC, calling it a positive development that strengthens their party ahead of 2027 elections.
Equinor's $251M Loss: Nigerian Oil Prices Plunge
Norwegian energy giant Equinor reports staggering $251 million quarterly loss as Nigerian crude prices tumble amid global market volatility. Discover how this impacts Africa's largest oil producer.
Nestoil Clarifies Receivership Situation with Lenders
Nestoil clarifies receivership situation, confirms lenders' action against subsidiary while maintaining business stability. Get exclusive details on the corporate development.
Venezuelan Oil Ships Dodge Drug Boats in Caribbean
Exclusive report reveals how Venezuelan oil tankers navigate through dangerous Caribbean waters filled with drug trafficking vessels while maintaining crucial energy exports.
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