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Nigeria oil production

News

Finance Ministry, contractors clash again over outstanding debt

Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.
Politics

Xenophobia: Nigeria weighs sanctions against South Africa

Nigeria says it is weighing sanctions against South Africa over renewed xenophobic attacks on Nigerians, warning that a review of bilateral privileges is not off the table.
News

NNPC Unit Lifts Output to New Production High

NNPC E&P Limited hits a record 355,000 barrels a day, marking a major turnaround powered by field upgrades and improved operations.
News

Nigeria’s Oil Output Set to Rise, Regulator Says

Nigeria’s petroleum regulator projects a rise in crude output, citing improved security, revived investments and clearer upstream regulations.
Business

Nigeria’s October oil output figures create rift between OPEC, FG

October oil production figures differ from OPEC and Nigeria’s Federal Government.
News

OPEC Challenges Tinubu’s Claim of 1.6 Million Barrels Per Day Oil Output

OPEC challenges Nigerian President Tinubu's claim of increased oil production, highlighting differences in reported figures.
News

NUPRC Sets Sights on Below $20/Barrel Production Cost in 2024 Amid Falling Oil Output

NUPRC's ambitious plan aims to lower Nigeria's oil production costs below $20 per barrel and revitalise the industry, targeting increased output.
Business

AITEO Innovates, Aiming Higher Oil Output for Nigeria

Nigeria's oil giant, AITEO, has initiated a unique crude oil transport method. This strategic...
News

Middle East Conflict Threatens Nigeria’s Oil Revenue and Economy 

The ongoing war between Israel and Hamas could have serious implications for Nigeria’s economy,...

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News

Finance Ministry, contractors clash again over outstanding debt

Nigeria's Finance Ministry says it processed N700bn to 1,240 local contractors, but protesting members of AICAN insist most of them have received no payment.
Politics

Xenophobia: Nigeria weighs sanctions against South Africa

Nigeria says it is weighing sanctions against South Africa over renewed xenophobic attacks on Nigerians, warning that a review of bilateral privileges is not off the table.
News

Agriculture records 3.15 percent GDP growth to N11.87trillion in first quarter

Nigeria's agricultural sector grew 3.15 percent year-on-year to N11.87trn in the first quarter of 2026, with crop production leading the gains at N8.9trn, the NBS says.
News

Nigeria among world’s most expensive countries for airline operations, says IATA

IATA has named Nigeria one of the world's most expensive countries for airline operations, blaming high taxes and charges that keep local carriers from competing.