In February 2025, Nigeria increased its oil production by 70,000 barrels per day (bpd), surpassing its OPEC+ target. This boost contributed to the Organization of the Petroleum Exporting Countries (OPEC) ...
Tony Elumelu, founder of Heirs Energies and chairman of Heirs Holdings, has emphasised Nigeria's need to increase its oil production to generate revenue essential for economic diversification and national development. ...
Nigeria's Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has indicated its ambition to increase its crude oil production to 3 million barrels per day (bpd) by 2025. This ...
Oando Plc claims that in just three months, its output of crude oil has surged by about 50%. It stated that the accomplishment came after Eni's purchase of Nigerian Agip ...
Nigeria is set to increase its crude oil production with the launch of the new Utapate terminal in the Niger Delta, according to Bloomberg data. The terminal produced nearly 19,000 ...
Nigeria's monthly oil output has consistently declined since January 2024, costing the country almost N636.3 billion in lost income. According to figures on oil production obtained from a Federal Government ...
From 1.28 million barrels per day in April, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says Nigeria’s oil production was inching towards 1.7mbpd ...
The Federal Government, on Friday, said the drop in Nigeria’s crude oil production was due to issues encountered on the Trans Niger Pipeline, coupled with maintenance activities carried out by ...
Nigeria’s crude oil production witnessed the second consecutive monthly decline since the beginning of this year, as it dropped to 1.231 million barrels per day in March, the Organisation of ...
Brent, the global benchmark for crude oil, witnessed a rise in price in the past three days, crossing $84/barrel on Friday, after trading for an average of $80/barrel in the ...
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