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FG blames Nigeria’s dwindling oil production on insufficient investment

The Minister of Budget and Economic Planning, Atiku Bagudu, on Wednesday blamed Nigeria’s dwindling oil production output on under-investment in the sector.Bagudu spoke at...

Business

Nigeria Regains Top Spot In African Oil Production

Nigeria has reclaimed its position as Africa’s leading oil producer, according to the latest report from the Organization of the Petroleum Exporting Countries (OPEC)...

Business

Pipeline woes cripple Nigeria’s oil production, raising concerns

Nigeria’s oil production has taken a hit due to problems plaguing the Trans Niger Pipeline (TNP), according to a statement released by the Federal...

Business

OPEC+ retains oil production cut policy maintain price stability

The OPEC+ alliance yesterday announced that it was keeping the current oil production cut policy unchanged, in an attempt to maintain global stability in...

Business

OPEC asks Nigeria to ramp oil production or miss $14tr investment opportunity

The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, has warned that Nigeria risks missing out on the $14...

Business

Nigeria to witness increase in oil production in 2024 —Report

Analysts at Meristem Research are projecting an increase in Nigeria’s oil production in 2024 barring any significant, unexpected shock to the sector in the...

Business

275,000bpd restored as NNPCL brokers peace between TotalEnergies and PENGASSAN

A total of 275, 000 barrels of oil per day production at TotalEnergies, after the Nigerian National Petroleum Company Limited (NNPCL) brokered a peace...

Business

250,000bpd restored as NNPCL brokers peace between TotalEnergies and PENGASSAN

A total of 275, 000 barrels of oil per day production at TotalEnergies, after the Nigerian National Petroleum Company Limited (NNPCL) brokered a peace...

Business

At 1.3 million barrels per day, Nigeria’s oil production rises to 13-month high

Nigeria’s crude oil output rose to 1.3 million barrels per day in February, the highest in 13 months.The Nigerian Upstream Petroleum Regulatory Commission (NUPRC)...

Business

Nigeria’s oil production hits 1.6m bpd, highest in months

The Nigerian National Petroleum Company Limited (NNPCL) said on Friday that Nigeria’s oil production has risen to 1.6 million barrels per day, its highest...

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