The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the commencement of oil production from the Akpo West field, located in Petroleum Mining Lease (PML) 2 (formerly OML 130), ...
Financial and economic analysts have urged the Federal Government to ramp up crude oil production to improve liquidity in the country’s foreign exchange market and help stabilise the naira. In ...
The Nigeria Extractive Industries Transparency Initiative and the Oil Producers Trade Section, have met with oil firms and miners over how to enhance transparency and accountability in the nation’s oil ...
The Group Managing Director, Eterna Plc, Dr. Gabriel Ogbechie, has emphasised that increasing Nigeria’s crude oil production is a solution to the current economic challenges facing the country. He made these ...
In a recent Bloomberg survey conducted on November 1, 2023, Nigeria emerged as the leader in boosting oil production among OPEC nations for the month of October 2023. The survey ...
Nigeria’s oil production output may fall this month over a fresh pipeline explosion, according to findings by our correspondent. A fresh explosion was said to have rocked a major export ...
Crude oil production which accounts for around two-thirds of government revenue and 90 per cent of its foreign exchange reserves, contracted by 13 per cent year-on-year in the fourth quarter of ...
The Nigerian National Petroleum Company Limited, on Monday, said Nigeria’s oil production had increased to 1.6 million barrels per day, a few millions short of the 1.8 million barrels per ...
Nigeria’s ability to produce crude oil has crashed by 83 per cent, findings have shown. Data sourced from the Organisation of the Petroleum Exporting Countries report macroeconomic somics of its ...
The Nigeria Employers’ Consultative Association has stated that the country has been losing about $2.5bn monthly for failing to meet the 1.8m barrel per day crude oil production allocation by ...
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