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

Recently, the Nigeria Security and Civil Defence Corps (NSCDC) apprehended several palm oil suppliers in Potiskum, Yobe State, and Jos, Plateau State, for allegedly contaminating the product with dye.

Climbers use handmade harnesses to harvest palm fruits from 60-foot-tall trees to make red palm oil, which can cost 16 times as much as vegetable oil. Business Insider Subscribe Newsletters ...

Nigerian crude prices surged above $70 per barrel, marginally higher than the major oil contracts traded on the global oil ...

Brazil’s state-run oil giant, Petrobras, has declared its ambition to make Africa its principal region of development outside South America, with a major push into deepwater exploration. The ...

Most prominent among them is the palm oil – a cooking oil, popularly known as red oil. In the past few years there has been a gradual increase in the price of palm oil, but most recently the ...

ABUJA, Nigeria -- Kunle Maringa spent nearly 24 hours recently in a two-mile-long line to fill up the gasoline tank of his battered Peugeot sedan. Maringa's goal was a greasy service station ...

Nigeria’s oil sector, with its vast reserves, has been a major contributor to both the country’s economy and global oil markets. However, the development of oil blocks in Nigeria has faced ...

FILE - Men walk past an illegal refinery at the creeks of Bayelsa, Nigeria, on May 18, 2013. Nigerian security forces said on Dec. 1, 2024, they performed successful raids against oil thieves over ...

Nigeria's president Bola Tinubu has signed an executive order designed to reduce costs and increase revenue from oil and gas projects. The new upstream petroleum operations cost efficiency ...

Brazil’s state-run oil giant, Petrobras, has declared its ambition to make Africa its principal region of development outside South America, with a major push into deepwater exploration. The ...