Nigeria’s state-owned oil giant, the Nigerian National Petroleum Company Limited (NNPCL), has reaffirmed its commitment to supplying crude oil to the Dangote Refinery based strictly on commercial and market-driven terms.

Crude grade price from Nigeria appreciated above $70 per barrel, marginally higher than the major oil contracts traded on the global oil market.

In the last three weeks, we launched a commission-wide investigation into the extractive industry, particularly the oil and gas sector."

Kanu Agabi, a senior advocate of Nigeria (SAN), says Mohammed Bello Adoke, former attorney-general of the federation (AGF) and minister of

Nigeria's oil exports plunged in 2016, but have since recovered some lost ground. In February, the country added more capacity than any other OPEC member. Nigeria's rocky political landscape.

Since May, pipelines, oil wells and other infrastructure have been exploding regularly, cutting Nigeria’s oil production by nearly one-third, from 2.2 million to 1.5 million barrels per day.

Nigeria is poised to welcome a massive $15 billion investment in a 500,000 barrels per day (bpd) refinery project, marking a significant milestone in the country's efforts to boost its refining capacity and reduce dependence on imported petroleum products.

Nigeria has a problem: The country is one of the world's top oil producers, but it doesn't have enough gasoline to fuel its struggling economy.