Nigeria’s Crude Output Falls to 1.39m BPD in September Economy October 14, 2025 Nigeria’s crude oil production fell to 1.39 million barrels per day (mbpd) in September 2025, marking the second consecutive month…
Nigeria’s ₦55tn Budget at Risk as Oil Output Falls Short Downstream Sector March 18, 2025 Nigeria’s ability to fully fund its ₦55 trillion ($36.6 billion) budget for 2025 is under serious threat as the country…
House Recovers N28.7bn from Oil Firms After Revenue Probe Economy March 17, 2025 The Public Accounts Committee of the House of Representatives has successfully recovered N28.7 billion from oil companies following an extensive…
Renaissance Completes $2.4B Shell Nigeria Asset Purchase Economy March 14, 2025 Renaissance Africa Energy Holdings has finalized its groundbreaking $2.4 billion acquisition of Shell Petroleum Development Company of Nigeria (SPDC), reshaping…
Tinubu, NUPRC Under Pressure to Support More Refineries Economy March 12, 2025 A socio-economic group, The Conscience of the Nation, has praised President Bola Tinubu and the Nigerian Upstream Petroleum Regulatory Commission…
Nigeria’s Crude Oil Production Slumps to 1.47 Million Barrels Per Day Economy March 12, 2025 Nigeria’s crude oil production has once again fallen below its OPEC quota, raising concerns about the nation’s energy output and…
74 Chinese Firms Eye Investments in Nigeria’s Oil Sector Markets March 12, 2025 In a significant boost to Nigeria’s oil and gas industry, 74 Chinese companies have expressed interest in investing in the…
Oil Firms Owe $37.43m: Reps Crack Down on Unpaid Royalties Economy March 10, 2025 Seven oil and gas processing companies have committed to remitting a total of $37.43 million (approximately ₦58 billion) to the…
Oil Production Potential Reaches 2.24 Million Barrel Per Day Downstream Sector February 27, 2025 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that Nigeria’s technical capacity for crude oil production now stands at…
How We Can Boost Oil Production to 4m bpd – Tinubu’s Aide Downstream Sector February 21, 2025 The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, has shared the government’s strategies to increase Nigeria’s oil…
