Nigeria’s oil production rebounded strongly in 2025 under sector reforms and rising investment, but output still fell well ...

Nigeria’s crude oil production declined from 98% of the Organisation of Petroleum Exporting Countries (OPEC) quota of February 2025 to 93% of the quota in March 2025. In its document titled: “Crude ...

LAGOS, Aug 4 (Reuters) - Nigeria's oil production surpassed 1.8 million barrels per day (bpd) last month, with current average output at 1.78 million bpd, the head of the country's upstream regulator ...

Nigeria's current account surplus narrows to $3.42bn despite rising crude oil and refined petroleum exports, as remittances ...

Nigeria's Petroleum Minister: Daily output has climbed to between 1.7 and 1.83 million barrels, while active rigs surged from 31 in January to 50 by mid-year. Aliko Dangote’s $20 billion, 650,000-bpd ...

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, has said that Nigeria’s crude oil production is on course to reach 1.8 million barrels per ...

Green Energy completes first onshore Otakikpo terminal Conoil launches Obodo crude grade Renaissance Energy plans $15 bln investment over 5 years LAGOS, June 3 (Reuters) - Nigeria is witnessing a ...

NNPC remitted N12.117 trillion to the federation between January and October 2025, and recorded N4.358 trillion in revenue ...

Oil losses in Nigeria have plunged to a 16-year low as government and industry efforts to tackle oil theft and metering issues continue to bear fruit. Since 2021, the Abuja-based government of ...

NUPRC Chief Executive Gbenga Komolafe announces record reduction in Nigeria’s crude oil losses, citing reforms and stronger surveillance measures. [Getty Images] The reduction in oil losses is ...

Nigeria’s government must deal rapidly with regulatory, fiscal and bureaucratic issues holding back upstream investments if it is to have a chance of reaching its ambitious oil and gas production ...

Shell plc SHEL has completed the sale of its Nigerian onshore subsidiary, Shell Petroleum Development Company of Nigeria (SPDC), to Renaissance, a Nigerian-led consortium. This $1.3 billion ...