Tag: Oil Exports

Dangote-NNPC deal in crisis as $5bn crude shortfall disrupts refinery operations

Business Damilola Bayonle -
Dangote-NNPC Deal Hits Turbulence Over Crude Shortfall Nigeria’s ambition to strengthen domestic refining capacity is facing a significant setback as...

Global oil shock: OPEC abandons production freeze plan as supply crisis deepens

Business Damilola Bayonle -
OPEC Production Freeze Plan Unrealistic as Supply Disruptions Deepen Global Oil Crisis The OPEC production freeze plan for the first...

Crude shortage hits Nigerian refiners despite massive oil exports

Business Damilola Bayonle -
Nigeria’s long-running struggle to translate crude oil abundance into domestic energy security resurfaced sharply in 2025, as local refiners...

US tanker grab freezes Venezuela’s oil lifeline

World News Emmanuel -
Venezuela’s oil exports have plunged dramatically after United States forces seized a tanker off the country’s coast, triggering widespread...

Dangote refinery expansion to double capacity to 1.4m barrels daily

Business Damilola Bayonle -
Nigeria’s industrial giant, Aliko Dangote, has unveiled ambitious plans to double the capacity of the Dangote refinery from its...

South Africa reliant on Nigeria for a staggering 70% of oil imports

Business Damilola Bayonle -
South Africa imports more than 70 per cent of its crude oil from Nigeria, highlighting the West African nation’s...