Nigeria’s biggest oil trade union said it would decide on Wednesday whether to shut down output from Africa’s largest oil producer as part of an ongoing protest against the government’s removal of popular motor fuel import subsidies. Nigeria exports over 2 million barrels of crude oil per day and is […]

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-Tunde Bakare, Convener of Save Nigeria Group (SNG) Wednesday called on the Nigerian Parliament to impeach President GoodLuck Jonathan for stealing from the Nigerian Treasury. Bakare made this call at the Freedom Square in Ojota Lagos Nigeria where Civil Societies and Organised Labour have mobilised […]

Note this IMPORTANT INFORMATION 1) One barrel of Crude oil = 42gallons or 159 litres 2) Our Refineries (i.e 4) Installed (combined) capacity = 445,000 ,  barrels per day 3) Actual refineries capacity due to ageing equipment = 30% i.e. 133,500 barrels per day. 4) . . 133,500 barrels = […]