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) ...
As the new week unfolds, several significant business developments will shape Nigeria’s economic landscape from February 17 to February 21. Here are the major stories to follow: CBN Schedules MPC ...
Nigeria has achieved its first successful meeting of the 1.5 million barrels per day (bpd) crude oil production quota set by the Organisation of the Petroleum Exporting Countries (OPEC) in ...
The Organisation of Petroleum Exporting Countries, or OPEC, has stated that the Dangote Refinery is hurting European markets since Nigerian imports of petroleum products have plummeted. OPEC reported on Wednesday ...
Ademola Adeyemi-Bero, Nigeria's OPEC Governor in 2025, has been chosen Chairman of OPEC's Board of Governors for the same year. This was announced in a statement on Tuesday by Nneamaka ...
The landing cost of Premium Motor Spirit (PMS), commonly known as petrol, has dropped to N981 per litre, according to data released by the Major Oil Marketers Association of Nigeria ...
THE Organisation of Petroleum Exporting Countries (OPEC) announced yesterday that Nigeria's oil output, excluding condensate, increased by 4% month on month (MoM) to 1.28 million barrels per day (bpd) in ...
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 ...
The number of functional oil drilling rigs across the country increased marginally to 16 in February, data from the latest March 2024 Monthly Oil Market Report of the Organisation of ...
OPEC's monthly oil market report (MOMR) states that in February, Nigeria's crude oil production slid to 1.32 million barrels per day from 1.42 million, marking a 104,000 barrels per day ...
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