crude oil

1 Minute

National

Tinubu approves sale of crude oil to Dangote, others in Naira

VAM News July 29, 2024 0 Comment

VOICE AIR MEDIA, News Update THE Federal Executive Council, FEC has mandated the Nigerian National Petroleum Corporation, NNPC to immediately begin the sale of crude oil to local refineries, including the Dangote Refinery in...

2 Minutes

National

NNPC declares war on crude oil production in Nigeria

VAM News July 2, 2024 0 Comment

Voice Air Media, News Update THE Nigerian National Petroleum Company (NNPC) Limited has declared a state of emergency regarding crude oil production in Nigeria. The Group Chief Executive Officer of the NNPCL, Mele Kyari,...

1 Minute

Local News

Inside Ondo: 15,775 litres of stolen crude oil destroyed

VAM News November 20, 2023 0 Comment

VOICE AIR MEDIA News Update Men of the Nigerian Navy Forward Operating Base (FOB) in Igbokoda, Ondo State, over the weekend, intercepted and destroyed 15,775 litres of stolen crude oil in the Ilaje axis...

2 Minutes

Economy

Uncertainty Looms Over Fuel Price As Crude Oil Surges to $93.50

VAM News September 26, 2023 0 Comment

VAM News Update Concerns are growing over the potential hike in petrol prices in Nigeria as crude oil prices continue to rise in the international market. On Monday, the price of crude oil reached...

2 Minutes

Local News

Boats carrying illegal crude oil intercepted in Delta Creeks— Report

Akanji Philip June 20, 2023 0 Comment

Operatives of a private pipeline surveillance contractor to the NPDC/Splat Joint Venture, Abicity Security, in collaboration with personnel of the Nigerian Army stationed at Ubagboro community along the Amokpe Escravos Pipeline in the creeks...

2 Minutes

Economy National

Buhari to oversees Northern Crude Oil Drilling

Agency1 November 21, 2022 0 Comment

President Muhammadu Buhari is expected to officially kick off drilling for crude oil in the north for the first time. This is coming exactly two years after the mineral resource was discovered in the...

2 Minutes

Crime National

FG explains why Vessel conveying stolen crude oil was destroyed

Agency1 October 15, 2022 0 Comment

The Nigerian military has defended its action to destroy a vessel used to transport crude illegally from Nigeria. The destruction was within the space of 48 hours the vessel was caught by security operatives...

1 Minute

Crime National

Controversy trails Military decision of setting illegal crude oil vessel ablaze

Agency1 October 11, 2022 0 Comment

On Monday, October 10, 2022, the Nigerian Navy set fire to a vessel discovered loading illegal crude oil in Delta state. The vessel named MT Deima, with International Maritime Organisation (IMO) number 7210525, was...

3 Minutes

Local News

Nigerian’s Tony Elumelu Laments ‘95% of Crude Oil Lost to Theft’

VAM News March 18, 2022 0 Comment

Businessman and Chairman Heirs Holdings, Mr Tony Elumelu, on Thursday bemoaned the fact that Nigeria was losing over 95 per cent of its oil production to thieves. Elumelu, who narrated the ordeal of some...

4 Minutes

Business Economy

Exchange rate falls at official forex market as crude oil, crypto markets suffer losses

VAM News October 24, 2021 0 Comment

The exchange rate between the naira and the US dollar closed at N415.07/$1 at the Investors and Exporters window, where forex is traded officially. Naira depreciated on Thursday against the US dollar to close...