Nigeria's oil production edged slightly higher in April 2024, offering a glimmer of hope for the nation's economic prospects. However, this increase falls short of government targets, highlighting persistent challenges that continue to plague the oil sector.

Nigeria's oil production is poised for a significant boost with the commencement of operations at Oil Mining Lease (OML) 13 in Akwa Ibom State. The project, a collaboration between the state-owned Nigerian National Petroleum Company (NNPC) and its partners, marks a promising development for the country's energy sector.

Nigerian officials are working together to tackle oil theft and pipeline vandalism in the Niger Delta, hoping to boost oil production and strengthen the country's economy.

In a bold response to persistent infrastructural deficits, Aiteo, Nigeria's largest independent oil producer,...