The Federal Government has announced that 13 oil and gas blocks offered during the 2025 Licensing Round will be returned to the licensing pool after they...
Nigeria’s crude oil production increased to 1.56 million barrels per day (bpd) in June 2026, its highest output level in more than six years, according to...
Nigeria recorded a sharp improvement in its external position in the first quarter of 2026, with the current account surplus rising to $4.98 billion, driven largely...
A fresh dispute over oil pipeline surveillance contracts has deepened tensions in the Niger Delta, with Tantita Security Services and Abili Integrated Services locked in a...
Nigeria’s crude oil production fell to 1.31 million barrels per day (bpd) in February, representing a 10.7 percent drop from 1.45 million bpd in January, according...
Crude oil prices climbed sharply on Monday, hitting $79 per barrel – the highest level in over a year and well above Nigeria’s 2026 budget benchmark...
Nigeria has emerged as a regional trading hub for refined petroleum products, rivalling Lome, Togo, sub-Sahara Africa refined petroleum products hub. Key industry leaders made this...
A report by Organisation of Petroleum Exporting Countries (OPEC) has indicated that crude oil exploration in Nigeria dropped year-on-year by 6.7 percent in September 2024, due...
Latest figures from the Organisation of Petroleum Exporting Countries (OPEC) show that Nigeria’s crude oil output, excluding condensate, dropped month-on-month, by seven per cent to 1.3...
