oil production

Minister Blames Shell for Nigeria’s Oil Production Shortfalls

April 15, 2024

By Adedapo Adesanya The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, has attributed the consecutive decline in Nigeria’s oil production capacity

Economy

Nigeria’s Oil Production Rises 7.3% to 1.427mbpd in January 2024

February 14, 2024

Adedapo Adesanya

By Adedapo Adesanya Nigeria’s crude oil production for January rose by 7.3 per cent as data revealed that the country averaged around 1.427 million

Economy

Nigeria’s Oil Production Jumps 50,000b/d to 1.49mb/d in December 2023

January 9, 2024

Adedapo Adesanya

By Adedapo Adesanya Nigeria bolstered its oil supplies by 50,000 barrels a day to 1.49 million per day in December 2023, a new Bloomberg

Economy

Nigeria Restores 275,000bpd Oil Production as NNPC Settles Rift

November 13, 2023

Adedapo Adesanya

By Adedapo Adesanya Nigeria has seen the restoration of oil production amounting to 275,000 barrels per day as the Nigerian National Petroleum Company (NNPC)

Economy

Nigeria’s Oil Production Jumps 14% to 1.35mbpd in September

October 12, 2023

Adedapo Adesanya

By Adedapo Adesanya Nigeria’s crude oil production rose by 14.4 per cent to 1.35 million barrels per day in September 2023, as the country

Economy

Ellah Lakes, IITA to Produce High-Yielding Soybean Seed Varieties

January 10, 2023

Dipo Olowookere

By Dipo Olowookere All things being equal, Nigeria will soon achieve self-sufficiency in soybean as a result of a partnership between Ellah Lakes Plc

Economy

Naira Gains Strength on Better Oil Output

December 13, 2022

Adedapo Adesanya

By Adedapo Adesanya An improvement in the crude oil output in Nigeria has eased the pressure on the Naira against its peers in the

Economy

OPEC+ Agrees to Keep Current Oil Production Cuts

December 5, 2022

Adedapo Adesanya

By Adedapo Adesanya The 23 oil-producing nations under the aegis of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies, OPEC+, on

Economy

Tight Supply Grips Oil Market as OPEC+ Production Slows 3.58mbpd

September 21, 2022

Adedapo Adesanya

By Adedapo Adesanya The Organisation of the Petroleum Exporting Countries and allies (OPEC+) is now producing below its targets by a record 3.58 million

Economy

Nigeria’s Woes Continue as Oil Production Slides Below One Million Barrels Per Day

September 9, 2022

Adedapo Adesanya

By Adedapo Adesanya Nigeria’s crude oil production has slumped below one million barrels per day, according to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).

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