Oil Production
NNPCL Targets Two Million Barrels Per Day Oil Output By 2027
The Nigerian National Petroleum Company Limited (NNPCL) has reaffirmed its target to raise the country’s crude oil production to two million barrels per...
Nigeria To Seek Higher OPEC Quota At November Meeting — Lokpobiri
Nigeria will push for a higher crude oil production quota from the Organisation of Petroleum Exporting Countries (OPEC) during its next meeting in...
FG Targets 600,000 bpd Crude Boost from New Oil Investments
The Federal Government projects an additional 600,000 barrels per day (bpd) in crude oil output through new investments in Nigeria’s upstream sector, according...
Naira Faces Pressure Despite Strategic CBN Intervention
The Nigerian naira closed out the last trading week on a weakened footing at the official foreign exchange market, experiencing a subtle depreciation...
Nigeria Calls on Indigenous Firms to Boost Oil Output Following Landmark Shell Acquisition
Signaling a new era for Nigeria’s oil and gas sector, the Federal Government has renewed its call for indigenous oil companies to significantly...
ICYMI: Port Harcourt Refinery Maintains Output Despite Minor Incident, NNPC Assures
Reassuring the public amidst swirling reports, the Nigerian National Petroleum Company Limited (NNPC Ltd) has affirmed that the Port Harcourt Refining Company (PHRC)...
Africa Oil’s Nigeria Surge: Doubling Output and Reserves
Canada’s Africa Oil Corporation (AOI.TO) is set to dramatically expand its footprint in Nigeria’s lucrative deep-water oil sector. The company’s impending acquisition of...
Nigeria Eyes OPEC Quota Hike as Oil Production Rebounds
As Nigeria’s crude output recovers from years of decline, the country is ready to negotiate a higher oil production quota with the Organisation...
2025 Economic Outlook: Nigeria Economy Poised for 4.17% Growth in 2025, CBN Predicts
The Nigerian economy is on track for a robust 4.17% growth in 2025, a significant improvement from the 3.36% recorded in 2024, according...