Africa’s second richest man and owner of the Dangote refinery is on collision course with the Nigerian 'oil mafia' ...

The Nigerian National Petroleum Company Limited has become a significant player in the global oil market, leveraging ...

Nigeria Bonny Light also traded at $87.46 a barrel as of late Friday Bonny Light Crude Oil is a premium grade of crude oil, named after the city of Bonny, produced in the Niger Delta region of Nigeria ...

Nigeria’s type of crude, Bonny Light, has risen from $73 per barrel to $78. International benchmark Brent crude is now ...

On Monday Shell declared force majeure on loadings of its Nigerian oil, the force majeure affects around 475,000 barrels per day of Bonny Light crude oil throughout November, News Agencies reported.

Nigeria’s crude oil export earnings slumped to $12.1 billion in Q2, 2024 as against $12.4 billion in the preceding Q1, ...

Given the current price of Bonny Light crude oil at $78.62 per barrel, Nigeria is losing billions of dollars annually to oil theft. Theft has also driven numerous international oil companies (IOCs ...